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Rossi says that the committee proposed a cap on the number of liquor licenses and the number of fast-food operations. "If you go back five or six years, neighborhood stores went out of business and were replaced by fast food places. We want to reverse that," Rossi said...

Author: By Arnold M. Zipper, | Title: Old Square Goes Yupscale | 11/1/1988 | See Source »

Philip Morris hopes Kraft will not be as resistant to a takeover as Pillsbury, which is fighting a $5.2 billion offer from Grand Metropolitan, a British liquor conglomerate (J&B Scotch and Smirnoff vodka). Last week the company took out full-page newspaper ads that showed the normally cherubic Pillsbury Doughboy with a grim expression and wearing boxing gloves. Warned the ad: "We're not going to sit idly by while an opportunistic British liquor and gambling company tries to buy respectability...

Author: /time Magazine | Title: Food Fights on Wall Street | 10/31/1988 | See Source »

...flesh to the fictive narrator of the two earlier books. Literally. "The dude I call Exley," as the writer refers to his hero, stands 5 ft. 10 in. and occasionally balloons up to 180 lbs., thanks to the metabolism of aging, innumerable beers and a quart or so of liquor a day. He still lives in his native upstate New York, where he keeps his mother company in her house. When he learns that his older brother William, a retired colonel in the U.S. Army, is dying of cancer in Hawaii, Exley hops a plane along with "the old lady...

Author: /time Magazine | Title: Books: Surreal Odyssey | 10/24/1988 | See Source »

...also gave us gonzo journalism, that self-consciously hip form of social commentary. The conventions are rather rigid. The reporter should work for a publication that is liberal in both its outlook and expense-account policies. He should know not only how to do light drugs and hold his liquor but also how to fold these manly vices into the copy...

Author: /time Magazine | Title: Books: Wise Guy | 10/17/1988 | See Source »

Beginning last spring, Beijing mandated a new push to decontrol the prices of such commodities as popular-brand cigarettes and liquor. Prices were allowed to rise from artificially low levels, often set as far back as the 1950s, to whatever the market would bear. But the plan covered only about half of all commodity prices. The rest, including those of such agricultural staples as rice and other grains, have generally remained fixed under the old rules. This two-tier approach has led to some economic absurdities: farmers, for example, must buy fertilizer at high, decontrolled prices but sell their grain...

Author: /time Magazine | Title: Communism Too Far, Too Fast? | 10/10/1988 | See Source »

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