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Insurance executives, however, argue that punitive damages are nothing but a windfall for the plaintiff and his attorney. Big awards, they say, make it easier for people with dubious claims to bargain companies into paying large settlements, which in turn are paid for by others in the form of increased...

Author: /time Magazine | Title: Law: Big Bucks from Bad Faith | 9/10/1979 | See Source »

America's oil shale, which is estimated to contain about 75 billion bbl. of recoverable crude, is also concentrated in the region. Elaborate pilot projects to get the oil are planned by Occidental Petroleum in western Colorado and Union Oil in southeastern Wyoming. The investment would be hefty-$120...

Author: /time Magazine | Title: Business: Denver's Mile-High Energy Boom | 8/13/1979 | See Source »

Though the U.S. has some oil-saturated tar sands, they are not large or accessible enough to justify expensive exploitation by the Government. But some 76 billion bbl. in oil, about three times the nation's proven reserves of conventional crude, are known to be recoverable from the shale...

Author: /time Magazine | Title: Business: Lighting Up Synfuel's Future | 7/30/1979 | See Source »

Day after day Connally's campaign chairman, Winton ("Red") Blount, the international construction contractor who was Postmaster General under Richard Nixon, adds more chief executives to the list of Big John's supporters. Some of them: General Foods' James Ferguson, Southern Pacific's Benjamin Biaggini, H...

Author: /time Magazine | Title: Executive View: The Managers' Favorite Candidate | 7/16/1979 | See Source »

Occidental moviemakers perceive her as a fashion photographer (Eyes of Laura Mars) or a ratings-mad television executive (Network). But Tokyo Art Director Eiko Ishioka, casting around for a Japanese TV commercial, saw in Faye Dunaway something of Kannon Bosatsu, the Buddhist goddess of mercy. Rigged in sail-like goddess...

Author: /time Magazine | Title: People: On the Record | 7/16/1979 | See Source »

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