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...Reynolds and China to contribute $10 million each to set up a joint venture that will build a factory in the southern Chinese city of Xiamen and produce the first Sino-American cigarette. The new brand, as yet unnamed, will be a blend of American and Chinese tobaccos. Lester Pullen, president of Reynolds' international tobacco division, admitted that the cigarette must be good to satisfy Chinese smokers. Said he: "In their tastes, the Chinese are comparable to Europeans, especially the British...

Author: /time Magazine | Title: Foreign Ventures: China Signs a Puff Pact | 6/11/1984 | See Source »

...issue is more important than the candidate," agrees Lester Grinspoon, associate professor of psychiatry. "Three or four of us met with Hart when he was in Boston and chatted with him about the nuclear issue, along with Carl Sagan and others...

Author: By Richard L. Callan, | Title: Professors sit on political sidelines | 6/7/1984 | See Source »

...about 50% against an average of ten major currencies. As a result, imports have become cheaper, and the U.S. is running a record trade deficit that puts downward pressure on the dollar. A steep plunge could kindle U.S. inflation by boosting the price of imports. Warned TIME Board Member Lester Thurow, an economics professor at the Massachusetts Institute of Technology: "You could get a dollar shock that could push the inflation rate close to the double-digit level a year from now." Rimmer de Vries, chief international economist for New York City's Morgan Guaranty Trust, said that...

Author: /time Magazine | Title: Forecast: Sunshine on Election Day | 6/4/1984 | See Source »

Members of TIME'S Board of Economists were skeptical. Lester Thurow noted that only manufacturing has had a healthy productivity increase, while construction and other areas have been less successful. Thurow also pointed out that even highly computerized fields like banking have not posted very encouraging results. Between 1977 and 1982, banks increased their total work force by 21%, but increased output just 8%. Recent figures on U.S. productivity are promising, but TIME'S economists are not ready to declare the beginning of a new era of American economic efficiency...

Author: /time Magazine | Title: Working Smarter | 6/4/1984 | See Source »

...What he does is not traditional medicine, it's soft," explains Dr. Barry M. Lester, assistant professor of Pediatrics at Children's Hospital. "Since it's not lab bench research, it's considered kooky, a little bit too far out. He's too much of a lay pediatrician," Lester says. According to the chief of the Children's Service at Massachusetts General Hospital. Wilder Professor of Pediatrics Donald N. Medearis. Brazelton has had "quite an impact on the general public through his books," but "there are groups of psychologists that are more impressed than others...

Author: By Catherine R. Heer, | Title: NOT JUST BABY TALK | 5/14/1984 | See Source »

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