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...tennis community too, freethinking Soviets are multiplying. Olga Morozova, the pig-tailed pioneer who occasionally popped into grand-slam finals during the '70s, now coaches a raft of promising young countrymen and -women known as the Glasnost Gang. The most precocious gangster is Natalia Zvereva, 18, who is also the most perestroika-emboldened. She has won $515,000 professionally, but since much of it has been diverted into state coffers, she gripes, "I still don't have enough money for a Mercedes." When last seen, Zvereva was stomping back to the Kremlin to have it out with her agents...

Author: /time Magazine | Title: Sport: The Global Cry: Play Ball! | 6/5/1989 | See Source »

Even if some of the demonstration's rhetoric was borrowed from America, it was the Soviet Union and, more specifically, Mikhail Gorbachev, whose presence counted more than any other. Countless banners lauded PIONEER OF GLASNOST, while posters with his portrait declared him AN EMISSARY OF DEMOCRACY...

Author: /time Magazine | Title: China: State of Siege | 5/29/1989 | See Source »

...spontaneous, each wisecrack seem an ad lib. Memorably, Lucy and her sidekick Ethel Mertz (Vivian Vance) took a job wrapping chocolates; as the candies hurtled past on a conveyor belt, the hapless duo tried to keep pace by stuffing half of them into their mouths. Seeking to emulate a pioneer woman, Lucy opened an oven to remove freshly baked bread -- and was pinned against the sink by a loaf 8 ft. long. At long last hired for a commercial, she grew increasingly malaprop attempting to pronounce Vitameatavegamin, the 46-proof tonic she was touting, and swigging, at each take...

Author: /time Magazine | Title: Lucille Ball: 1911-1989: A Zany Redheaded Everywoman: | 5/8/1989 | See Source »

...depressed earnings were just one sign of Wall Street's myriad woes. Drexel Burnham Lambert, the junk-bond pioneer, said last week it plans to sell its retail brokerage business, which trades for small investors, and concentrate on large institutional clients. That move and cutbacks in other divisions will slash Drexel's payroll of 9,000 employees by about one-third. In a candid statement, Drexel said "adverse publicity" about its legal problems had helped drive it from the retail market. Earlier this month the company settled a Securities and Exchange Commission suit by agreeing to fire its indicted junk...

Author: /time Magazine | Title: Roaring '80s Turn Grinding '90s | 5/1/1989 | See Source »

...will not have the workstation market all to itself. Last week a major competitor, Hewlett-Packard, said it had reached an agreement to buy workstation pioneer Apollo for $476 million. The merger will give Hewlett- Packard more than 30% of the workstation market, supplanting Sun (28%) as the top manufacturer. But the workstation market is expected to grow some 44% this year, to nearly $6 billion, leaving plenty of room for expansion. Says William Joy, Sun's vice president of research and development: "The action is on the desktop. That's where most of the people...

Author: /time Magazine | Title: Power Station in a Pizza Box | 4/24/1989 | See Source »

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