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...relentless raider who could outwit all those corporate bigwigs back East. Lately, though, Pickens' lone star seems to have fallen. His efforts to take over Homestake Mining, a leading gold producer, and KN Energy, a natural-gas company, have fizzled. Because of the continuing slump in the oil patch, profits at his Mesa Limited Partnership have dropped from $70.6 million in 1986 to $31.9 million in 1987, a performance so poor that Pickens has had to borrow money to pay dividends...

Author: /time Magazine | Title: RAIDERS: From Hero To Heavy | 7/25/1988 | See Source »

After a restless night in a patch of salt cedar scrub near the westbound line, home and family beckon. The three grimy hobo-hobbyists trek to the old Yuma prison for some middle-class sightseeing. Well-groomed tourists stare uncomfortably. Afterward, westbound freights are said to brake for a curve and easy boarding just past the Colorado River. Eight hours later, when the tourists are having dinner, the hobo-hobbyists are still waiting for a slow freight...

Author: /time Magazine | Title: Hoboes From High-Rent Districts | 7/11/1988 | See Source »

...cutting hay in a narrow field. "Without last year's leftover it wouldn't be worth it," Malard said. "I was hoping to get some weeds, so I might have something to cut out of my fields. But not even the weeds came." He points at a patch of his land. "I couldn't even get the plow in that ground, it was baked so hard. The plow just rode...

Author: /time Magazine | Title: North Dakota: The Big Dry | 7/4/1988 | See Source »

...mesure. Ideally, any gardener would like to serve nature, to participate and share in her mysteries, but he soon learns that nature as such is a constant state of aggression and destruction. Each plant reseeds itself a hundred times too often, and each garden struggles to become a weed patch. When we first dig into a terrain that we plan to make a garden, we assume the role of philosopher-king. While we learn that we cannot conquer nature, we also learn that we must make decisions of life or death. In a row of unthinned carrots, none ever grows...

Author: /time Magazine | Title: Living: Of Apple Trees and Roses | 6/20/1988 | See Source »

Unlike his predecessors, Roemer is using his new clout to dismantle the pattern of extravagant patronage and spending programs that made Louisiana seem as profligate as a Cajun on an old-time oil-patch payday. The Roemer Revolution is a drastic effort to restore solvency to a state that is, in Treasurer Mary Landrieu's words, "flat broke." In fact, it is worse than broke: it faces a deficit of $1.3 billion. Roemer proposes to reduce the state's historic dependence on oil and energy revenues. Already, the tax-shy legislature has earmarked a 1 cents sales-tax increase...

Author: /time Magazine | Title: The Roemer Revolution | 6/13/1988 | See Source »

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