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...chose to attend Harvard without regard to setting up a similar business in the Northeast. "I've never been much of a student," he says, "so I figured I would just try to keep my head above water academically when I got here...

Author: By Eric Berman, | Title: On the Make With Ski Trips, Watches and Elvis | 4/13/1987 | See Source »

...Commission took swift action last week. While investigating a tip, they learned that control-room operators and supervisors at the Peach Bottom nuclear plant near Delta, Pa., have been regularly sleeping at the switch for at least the past five months. Calling the power station, which is 35 miles northeast of Baltimore, an "immediate threat to the public health and safety," NRC officials ordered the plant shut down -- the first such action taken by the agency because of operator deficiencies...

Author: /time Magazine | Title: NUCLEAR SAFETY: Wake Me If It's a Meltdown | 4/13/1987 | See Source »

...spectacular growth rate of around 3% projected for 1987 and an unemployment rate significantly lower than that in most other industrialized countries. But economic reality in America is complex and contradictory. Yesterday's boom regions, like the Southwest, are suffering while yesterday's depressed areas, like the Northeast, are booming. Thirty- one states, mostly in the heartland of the nation, are in recession. Mothers and fathers know that the industries in which they have worked all their lives will not provide middle-income jobs to their daughters and sons, who may of course make their fortunes as junk-bond traders...

Author: /time Magazine | Title: Essay: The Reagan Administration... A Change in the Weather | 3/30/1987 | See Source »

...news is no less bleak 750 miles to the northeast in Deadhorse, a town of prefabricated modules that hunkers next to the oil fields at Prudhoe Bay, north of the Arctic Circle. The Prudhoe Bay Trading Post recently held a sale. DON'T SNOOZE, YOU'LL LOSE, the sign trumpeted. Clerk Lisa Greenwood had trouble staying awake. "At 8:30, there wasn't a soul in here," she says. "Business has gone down 50% in the past year." The house she and her husband Perry bought outside Anchorage two years ago for $120,000 is now appraised...

Author: /time Magazine | Title: In Alaska: Boom Times Yield to a Bitter Bust | 3/30/1987 | See Source »

...marked federal prosecutors' first defeat in a vigorous war against the Mob that has put many organized-crime kingpins behind bars for long prison terms. Two weeks ago, in the "pizza connection" case, 17 mobsters were convicted of selling tons of heroin and cocaine through pizza parlors in the Northeast and Midwest. In December, eight of New York's powerful crime bosses were convicted of running a vast network of criminal activities. Last October, Philip Rastelli, head of the Bonanno family, and eight co-defendants were found guilty of racketeering. Last year mob leaders from Chicago, Cleveland, Milwaukee and Kansas...

Author: /time Magazine | Title: The Dapper Don Beats a Rap | 3/23/1987 | See Source »

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