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...than just a temporary setback and the ruination of an expected sales bonanza. Levi Strauss's negotiations to build a blue-jean plant in the Soviet Union could be damaged by the boycott. Coca-Cola saw the Olympics as its first major penetration of the Soviet market, which Pepsi-Cola so far has cornered. The company had already sent Moscow large supplies of the concentrated Coke syrup. But last week Chairman J. Paul Austin told his old friend and fellow Georgian Jimmy Carter that the company would abide by the embargo...

Author: /time Magazine | Title: Business: Busted Bonanza | 3/31/1980 | See Source »

...perfectly legal--as legal as the Mormons investing money in Marriott Hotels, as legal as the Catholic Church investing in Pepsi-Cola. The Unification Church-linked enterprises manage to evade any complications in dealing with their foreign contingents, and the money they receive from their international corporations--after passing through a myriad of businesses and church connections--is laundered clean...

Author: By David A. Demilo, | Title: God's Catch | 9/19/1979 | See Source »

...events, spectators will be able to choose from smoked salmon, caviar and sliced sausages. Drinks include hot tea, vodka, or Coca-Cola and its orange-flavored cousin, Fanta, dispensed by strolling vendors through a tube from a backpack tank. (Pepsi-Cola has been available in the U.S.S.R. for six years, but Coke won the Olympic bidding.) Not to be outdone in the soda race, the Soviets have invented their own Olympic drink, Druzhba, a cranberry-apple concoction...

Author: /time Magazine | Title: Sport: Warming Up for the 1980 Olympics | 8/6/1979 | See Source »

...Shah rioters. The army then displayed their bodies to other soldiers, who reportedly ran over demonstrators with tanks, shot wildly into the crowds and even attacked civilian hospitals. The demonstrators reduced the army PX, symbol of the military's privileged position, to a ruin, along with a local Pepsi-Cola bottling plant, delivery trucks, the Iran-American Society building and the home of the sole U.S. military adviser in the city. The adviser was not at home, but his Iranian guard was killed. The two days of rioting left 170 dead by the government's count, but more...

Author: /time Magazine | Title: World: Unity Against the Shah | 1/15/1979 | See Source »

Rainmaker: law-firm partner who brings in business, sometimes because he has held high Government office. Among the most famous was Richard Nixon, who managed to attract Pepsi-Cola to the New York firm of Nixon, Mudge, Rose partly because as Vice President in 1959 he steered Nikita Khrushchev to the Pepsi kiosk in Moscow as photographers clicked away. Rainmakers can come up dry: ex-Attorney General Ramsey Clark did so much free pro bono work that he lost money for his former New York firm...

Author: /time Magazine | Title: Law: Boxcars and Rainmakers: A Glossary | 4/10/1978 | See Source »

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