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...American rocketry up to it? Earlier this week, and for the third time in a month, a U.S. rocket failed to lift its satellite payload into the proper orbit. On Tuesday, the second-stage boosters failed on a Boeing-made Delta III; in April, two Lockheed Martin Titan IVs fell short of their target orbits. The mission cost of the latest Delta failure, an Orion communication satellite that wound up in a lopsided orbit, was $230 million. That is the kind of money satellite companies don?t generally like to see blast off into nothing...

Author: /time Magazine | Title: We Have Liftoff -- But It?s Not High Enough! | 5/5/1999 | See Source »

...three bills (to loosen restrictions on concealed-weapons permits, to ban local lawsuits against manufacturers and to pre-empt local ordinances on firearms). State legislators quickly withdrew two of them, and Governor Bill Owens promised to veto the third. Earlier in April, Missouri voters defeated a referendum to lift a constitutional ban on concealed weapons. So far this year, New Mexico, Kansas and Nebraska have defeated bills that would allow concealed weapons. The struggle goes on, state by state...

Author: /time Magazine | Title: The Littleton Massacre: Coming to Clarity About Guns | 5/3/1999 | See Source »

Indeed, long-beleaguered shares of small companies got a lift from the rotation and stayed strong even as investors returned to their Internet darlings. This broadening, if it persists, comes with great risk. Rarely does a major shift in investor thinking arrive without a dose of market pain. "Most of the Internet stocks have made their highs," declares Dick McCabe, market analyst at Merrill Lynch. He believes the industrial stocks will re-emerge as market leaders later this spring, following a wide pullback. If he's right, the fuddy-duddies may at last celebrate for a good long while...

Author: /time Magazine | Title: Why the Internet Stock Bubble Refused to Burst | 5/3/1999 | See Source »

...World Trade Organization?s settlement of the banana war between the U.S. and Europe, the food fight between the two continental trade giants continues. On Monday, beef was once again served up on the table of disputes as a May 13 deadline approaches for the European Union to lift its ban on hormone-treated beef from the U.S. The latest bone of contention: a report from European Union scientific experts stating that one of six typically used hormones used "has an inherent risk of causing cancer." The response from the U.S. side: baloney. "This is part of a struggle that...

Author: /time Magazine | Title: European Report Slices Up Beefed-Up U.S. Beef | 5/3/1999 | See Source »

...totaled $1.52 billion in fiscal year 1997 and whose fundraising campaign last year yielded more than $1 billion. Last year Harvard paid a single Harvard employee (Jonathan Jacobson, the fund manager of the Harvard Management Company) $10 million. If Harvard really believes that the notion of "total compensation" will lift all boats, why don't we begin by paying Mr. Jacobson in benefits and time off rather than in cash...

Author: By Christopher J. Vaeth, | Title: Little Progress on the Living Wage | 4/21/1999 | See Source »

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