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Four months after Japanese investors purchased a stake in New York City's Rockefeller Center, a Tokyo conglomerate has made a bid for the landmark across the street: Saks Fifth Avenue. In what would probably result in the biggest Japanese stake in American retailing, the Tobu department store conglomerate, together with the managers of Saks, has offered to purchase the Manhattan icon and the 45 other Saks stores from their London-based parent, B.A.T. Industries...

Author: /time Magazine | Title: RETAILING: New Link for an Old Chain | 3/26/1990 | See Source »

Cases that tell people how to live their private lives arouse passionate controversy and are correspondingly difficult to settle, as the court found after its landmark 1973 Roe v. Wade decision legalizing abortion. There are 10,000 other patients like Cruzan in the U.S., and their families are waiting and watching. "I'm riding on the Cruzans' coattails," says St. Louis marketing consultant Pete Busalacchi, whose daughter Christine lies in the same Missouri rehabilitation center as Cruzan. "Maybe it would have been best if she had died that night," he says, referring to Christine's 1987 auto accident. "This...

Author: /time Magazine | Title: Ethics: Love and Let Die | 3/19/1990 | See Source »

Bathed every evening in colored lights and gleaming like a stack of silver dollars, the 48-story CenTrust Tower became the pre-eminent landmark on Miami's skyline in the booming 1980s. The tower was visual testimony to the success of CenTrust Bank, which grew out of near failure seven years ago into the largest savings and loan in the Southeast (peak assets in 1989: $11 billion). But the building took on a gloomier symbolism last month when federal regulators seized the now insolvent thrift and ousted its top executives. As the Government conducts a bailout that could cost...

Author: /time Magazine | Title: His Personal Piggy Bank | 3/12/1990 | See Source »

Following Pert's landmark work, research on mind-body connections accelerated. Recent examples...

Author: /time Magazine | Title: Health: Can The Mind Help Cure Disease? | 3/12/1990 | See Source »

...more nuanced exploration of the issue Kennedy spoke to can be found in Cuomo's 1984 landmark address at Notre Dame. The Governor argued that his refusal to campaign actively for a ban on abortion was analogous to the cautious stance of U.S. Catholic bishops on slavery prior to the Civil War. They declined to endorse a constitutional amendment banning the practice. Then as now, Cuomo argued, the issue was not the moral validity of Catholic teaching but whether, when and how to translate that teaching into public policy -- a problem for which there can never be one simple solution...

Author: /time Magazine | Title: Religion: Bishops, Politicians and the Abortion Crisis | 2/19/1990 | See Source »

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