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...representative of San Miguel, a Filipino brewery, insisted that he had accompanied 70,000 fresh cases into the country; they just got away from him, is all. An Australian sportswear manufacturer brought $20,000 worth of clothes to Danang, but they got away from him too. The host country kept on smiling, then stole my eyeglasses. ''We smile because we are happy to see you,'' a waif of a foreign affairs officer, named Le Thi Thu Hanh, said. She flashed a wonderful advertisement for dental hygiene. Indeed, said a Taiwan businessman, ''the Vietnamese would declare another war tomorrow and immediately...

Author: /time Magazine | Title: SURFING INTO THE MELANCHOLY PAST | 7/21/2008 | See Source »

...built a synagogue in Tokyo in honor of his parents and contributed millions of dollars to Jewish charities. In 1962 Eisenberg moved with his family -- wife, a son and five daughters -- to Israel, where he wanted them to grow up and serve in the army. Israel's high taxes kept him from moving his corporate empire there until 1970, after the Knesset passed the so-called Eisenberg Law, exempting offshore-trading income from taxes. Today the Eisenberg Group, with 40 offices around the world, is divided into two main holding companies -- the Israel Corp. and Panama-registered United Development...

Author: /time Magazine | Title: ISRAEL'S SECRET WEAPON | 7/21/2008 | See Source »

...says. ''We really saw the future in the same way. And we both came to the conclusion about a year ago that we needed strategic partners.'' Malone and Smith opened serious merger talks last summer after Smith decided that TCI would make an ideal match for his company. ''We kept it to a small number of people,'' Smith says, ''although we kept Salomon Brothers as a backup. We did all the negotiations ourselves. No outsiders.'' Maintaining the secret became easier once the Paramount bidding war broke out in September and grabbed the attention of Wall Street and the media. Like...

Author: /time Magazine | Title: WIRED! | 7/21/2008 | See Source »

...resort dare not go to war against each other. As Stanford Physicist Sidney Drell put it during the TIME conference, mutual assured destruction (MAD) ''is not a policy but a condition.'' There is something almost poetic in the concept: for the first time in history, two major enemies have kept the peace by keeping themselves vulnerable. Not that either is comfortable with that vulnerability. But previous attempts to seek defensive protection from nuclear delivery systems have merely spawned new types of such systems. In the 1950s and '60s, the superpowers threatened each other with bombers and defended themselves with antiaircraft...

Author: /time Magazine | Title: GRAND COMPROMISE | 7/21/2008 | See Source »

...wounded Chinese soldier.'' An even greater enemy than the Chinese was the demoralizing cold during the late fall and early winter of 1950, when temperatures dipped down to 30 degrees below zero. Sweaty feet in wet boots froze instantly; food supplies were vaguely flavored lumps of ice. The Marines kept their rifles combat ready by urinating on them, and limbered their machine guns with gasoline. A sergeant in Lieut. Colonel Raymond Davis' battalion ''reached down into the snow and pulled out of a hole a solid chunk of ice that was a Chinese soldier.'' When the officer asked...

Author: /time Magazine | Title: ICY HELL THE KOREAN WAR: PUSAN TO CHOSIN BY DONALD KNOX Harcourt Brace Jovanovich 697 pages; $24.95 | 7/21/2008 | See Source »

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