Word: mm
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...prominent display in many stores this week will be a brand-new Eastman Kodak self-contained camera-video recorder, which uses narrow 8-mm tape. By Christmas the Kodavision unit will be joined by two more of the new generation of so-called camcorders: General Electric's Uni-Cam and a still-to-be-named Polaroid product. RCA has a system all ready to go, but is waiting to see how consumers respond...
This approaching battle among U.S. giants in the home-video-equipment field is a mere reflection of the war between Japanese companies. The Kodak and GE 8-mm camcorders are both made by Matsushita, while Toshiba created Polaroid's, and Hitachi is the source of RCA's. As many as ten Japanese manufacturers, including Sony and JVC, reportedly have their own version of the new video gear. They are closely watching American reaction to the introductions to decide when to bring out their products...
When U.S. forces first arrived in Honduras last summer, an enthusiastic welcome awaited them. The American trainers quickly whipped the lackadaisical local forces into shape and upgraded the Honduran arsenal: in place of World War I-vintage French equipment, it now includes at least two dozen 105-mm howitzers. The Americans were further encouraged in their mission by the effective leader of the country, Army Commander in Chief Gustavo Alvarez Martinez, a zealous friend of the U.S. and sworn enemy of the Sandinista regime...
...transportation on a single Land Rover. More than half the 8,000 members of the Civil Guard are traffic policemen, who until recently wielded no instrument more deadly than a screwdriver (for prying license plates off illegally parked cars). Costa Rica's most powerful weapon is the 81-mm mortar, but there are only six of those in the whole country; and their ammunition, bought 30 years ago, no longer explodes...
These moves threatened to decrease Steinberg's share of Disney to less than 10%, and he appeared to be losing. But two weeks ago, Steinberg formed a holding company, MM Acquisition (named for Disney's own Mickey Mouse). For his partners Steinberg enlisted Kirk Kerkorian, 67, the majority stockholder in MGM/UA Entertainment, and Fisher Financial and Development, a New York City real estate firm. Kerkorian agreed to invest $75 million for a 20% stake in the new firm in return for a 60-day option to buy the Disney studio and film library for $448 million. Fisher...