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...seems that the big American firms are not quite ready to compete in the world economy. They owe many of their tenuous gains to the weak dollar, which jacks up the price of foreign steel; that has helped reduce the imports' share of the U.S. steel market from a peak of 26% in 1984 to about 16% today. "The nonunion companies are world-class leaders," says John Tumazos, who follows the steel industry for the firm Donaldson Lufkin Jenrette. "The competitiveness of the large, traditional companies results primarily from the weak dollar...

Author: /time Magazine | Title: Big, Battered and Besieged | 8/9/1993 | See Source »

...visitors get more than water for their tickets ($38 per adult during the peak May-October season). Seagaia also has the Bali Hai zone, where an artificial volcano explodes every 15 min. with a thundering boom and a plume of smoke. The inside of the volcano is open for viewing -- and leads all who dare enter into the Dragon Sanctuary, where a skeletal creature is enshrined in light amid spooky music. Nearby is an adventure ride called Water Crash -- a drip-dry, 5-minute introduction to white-water rafting. The rapids are projected onto a screen as the raft bucks...

Author: /time Magazine | Title: Welcome to the Great Indoors | 8/2/1993 | See Source »

...level we are facing right now, it is difficult for some of our Japanese-made models to be competitive in the U.S.," a Toyota executive says. Some Western observers suspect they are witnessing a sea change. "There is a good chance that Japanese carmakers have passed their historical peak in the U.S.," says Benjamin Moyer, a car analyst in the Tokyo office of Merrill Lynch...

Author: /time Magazine | Title: Motown Turns a Corner | 7/26/1993 | See Source »

...BOTTOM LINE: Even unresolved Le Carre offers more style and excitement than most authors at their peak...

Author: /time Magazine | Title: Civil Wars In the Soul | 7/12/1993 | See Source »

...stands, an innovative strategy intended to protect the most ecologically essential areas of the forests and thereby preserve the habitat of spotted owls, salmon and countless other species. The blueprint allows for average annual timber harvests of 1.2 billion bd. ft. -- less than one-third of the mid-'80s peak of 5 billion bd. ft. a year. Administration projections put job losses at fewer than 10,000, not quite the apocalyptic vision of the timber companies. But neither the $1.2 billion for worker retraining and community investment nor Clinton's proposed removal of a federal subsidy on log exports...

Author: /time Magazine | Title: It's Nature, Stupid | 7/12/1993 | See Source »

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