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...button to detonate the small explosive charges packed on board. The nose cone, which fell into the Atlantic, carried no nuclear warhead. At week's end officials were still trying to determine what caused the failure; preliminary blame was placed on a flaw in the first-stage rocket motor...

Author: /time Magazine | Title: Missile Misfire | 8/2/1982 | See Source »

India is also encouraging foreign companies to make direct investments in the country. Japan's Suzuki Motor Co. is expected to pay $70 million for a 25% share in Maruti Udyog, a nationalized automobile company. Chevron International Oil Co. has agreed to invest at least $27 million in three exploration wells on India's continental shelf, an area that was formerly off limits to foreign companies. India currently meets about 55% of its oil needs from domestic production, and it hopes to boost that figure...

Author: /time Magazine | Title: India Opens Up | 8/2/1982 | See Source »

...miles east of the airport, Evelyn Pourciau looked up at the sky from her neighborhood of Kenner, a middle-class suburb of one-story brick houses. "I saw the belly of it," she said about the 727. "It was spitting and popping like it couldn't get the motor running." Watching in horror, other residents saw the 727's left wing tilt toward the ground. They thought the pilot was trying to bank to the north so he could avoid their homes and come down in Lake Pontchartrain, a short distance away...

Author: /time Magazine | Title: I Thought I Was in Hell: New Orleans Jet Crash | 7/19/1982 | See Source »

...pair whiz around in surrealistic motor cars and light beams, the storyline and even the character distinctions blur. What emerges are two not-so-subtle themes. First, the computer system is an allegory for repressive government. MCP is the dictator: Hitler, Franco, Amin, Big Brother all rolled into one. Flynn and Tron are the daring young revolutionaries who give their dejected compatriots hope. They fight not, as we were originally led to belive, so that Flynn can make big bucks, but "to make this system free again." Political moderates will be relieved to observe that Flynn does not succeed until...

Author: By Jacob M. Schiesinger, | Title: Video Drivel | 7/13/1982 | See Source »

Corporations are especially fond of the concept, which helps them as much as their employees. Ford Motor Co.'s employee insurance program has offered HMOs since the early 1960s. Although only 8% of its employees are now enrolled in HMO programs, Ford will save an estimated $5 million in medical benefits this year...

Author: /time Magazine | Title: One Cap for Health Costs | 7/12/1982 | See Source »

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