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Rubber Soul. Detroit's 80-ft. tire began life as a Ferris wheel and was nearly removed in the mid-1980s. But civic pride has preserved Uniroyal's humongous hoop...

Author: /time Magazine | Title: American Icons | 9/16/1991 | See Source »

THREE BLIND MICE: HOW THE TV NETWORKS LOST THEIR WAY by Ken Auletta (Random House; $25). It's no secret that CBS, NBC and ABC began hitting the skids in the mid-1980s; this long book reports the high-level pratfalls in meticulous and sometimes gossipy detail...

Author: /time Magazine | Title: Critics' Voices: Sep. 2, 1991 | 9/2/1991 | See Source »

Probably not, as long as there are people prepared to pursue their grievances with violence. But the climate for terrorism has certainly changed. Some of the most infamous offenders -- the Palestinians and Arab radicals who perpetrated shocking outrages from the early 1970s to the mid-1980s -- have largely lost their governmental support. Iran, Syria, Libya and Iraq are less willing -- or less able -- to provide them with money, equipment and support for their operations. What has become known as state-sponsored terrorism is, at least for now, on the wane...

Author: /time Magazine | Title: Terrorism Changes Its Spots | 8/26/1991 | See Source »

...growth of B.C.C.I.'s geopolitical power and its unbridled use of the black network. Because the U.S. wanted to supply the mujahedin rebels in Afghanistan with Stinger missiles and other military hardware, it needed the full cooperation of Pakistan, across whose border the weapons would be shipped. By the mid-1980s, the CIA's Islamabad operation was one of the largest U.S. intelligence stations in the world. "If B.C.C.I. is such an embarrassment to the U.S. that forthright investigations are not being pursued, it has a lot to do with the blind eye the U.S. turned to the heroin trafficking...

Author: /time Magazine | Title: B.C.C.I.: The Dirtiest Bank of All | 7/29/1991 | See Source »

...Charles Ponzi in 1920. B.C.C.I. gathered deposits, looted most of them, but kept enough new deposits flowing in so that there was always sufficient cash on hand to pay anyone who asked for his money. During the years of its most explosive growth in the late 1970s and mid-1980s, B.C.C.I. became a magnet for drug money, capital-flight money, tax-evading money and money from corrupt government officials. B.C.C.I. quickly gained a reputation as a bank that could move money anywhere and hide it without a trace. It was the bank that knew how to get around foreign-exchange...

Author: /time Magazine | Title: B.C.C.I.: The Dirtiest Bank of All | 7/29/1991 | See Source »

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