Word: pacificism
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It was an eventful week for United Airlines. In Washington, Transportation Secretary Elizabeth Dole approved the Pacific routes that United bought from Pan Am in April for $750 million. And in Chicago, United announced that it was buying 116 planes worth $3.1 billion from Boeing. Included on United's shopping...
The Colombian eruption, like most volcanic events, is the result of continental wanderlust. According to the widely accepted theory of plate tectonics, the earth's crust forms the top layer of about a dozen major plates and several smaller ones, which range in thickness from 20 miles to 150 miles...
Armed with such signposts, geologists have targeted several volcanoes that may erupt in the near future. More than 500 volcanoes are classified as active, most of them lying in the so-called Ring of Fire, a broad circle that more or less coincides with the boundaries of the Pacific, where...
Throughout 1983 and '84, the U.S. was the churning locomotive of the world economy. But when that engine of growth sputtered and slowed this year, many of the trading partners it was pulling along practically lurched off the track. The jolt was particularly rough on the export-driven economies of...
Will the slowdown continue? That was the main question taken up at a meeting of TIME's Pacific Board of Economists in Hong Kong. In their annual forecast, the economists agreed that East Asia would spend another year in the doldrums. Though the board members expect a slight acceleration of...