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...failure of Marxist ideology to solve Angola's economic ills has led the pragmatic Dos Santos to quietly encourage Western investment. Luanda's port is one of the few efficiently run enterprises, and the government is now seeking $40 million to $50 million from Western banks to finance an expansion project. Relations with U.S.-based Gulf Oil Corp., which operates three offshore rigs and plans to open a fourth, are also surprisingly cordial. "The government here is hardly ideological," says an American oil-industry representative. "After all, they turn to [U.S. consulting firm] Arthur D. Little when they...

Author: /time Magazine | Title: Angola: A Ghost of Its Former Self | 10/10/1983 | See Source »

...Liberty, the defending twelve-meter yacht, took yet another start from the Aussies. Midway up the first leg, however, the Americans' 8-sec. lead turned into a deficit of three or four lengths as Australia II streaked upwind on a starboard tack and Liberty went to port. After the first crossover, Aussie Skipper John Bertrand committed the cardinal sin of leaving his opponent uncovered. Liberty Helmsman Dennis Conner took the left side of the course for his own and by the first mark had opened a 29-sec. lead. It looked to many as if he had the race...

Author: /time Magazine | Title: Sport: Our Cup Runneth Under | 10/10/1983 | See Source »

...Druze have enjoyed the support of as many as 2,000 Palestinian guerrillas, some from the various Palestinian groups that are opposed to Palestine Liberation Organization Chairman Yasser Arafat and some from other Palestinian units under Syrian control. Two weeks ago Arafat showed up in the northern Lebanese port city of Tripoli, and last week he tried to enhance his weakened position within the PL.O. by announcing that Palestinians had joined the fighting in the mountains as part of their struggle against Israel. In actuality, the Syrian-dominated Palestinian units engaged in the combat were trying to entrench themselves throughout...

Author: /time Magazine | Title: Helping to Hold the Line | 10/3/1983 | See Source »

...million inhabitants of Perth, Australia II's home port, probably had less sleep than any other people in the world. On race days, radio coverage began around midnight and did not end until 6 a.m. "I've managed three hours sleep every night this week, and my colleagues say I'm doing well," said Perth Lord Mayor Michael Michael. In Britain, where the press had lost interest in the series after its own entry was beaten by Australia II, the series was again a Page One story. In France, savoring the spectacle of Americans having to take...

Author: /time Magazine | Title: Sport: The Best Cup Challenge Ever | 10/3/1983 | See Source »

...Allied forces for the Normandy landing, Ike was sure and decisive. But he was not always right. Too many days and lives were squandered at Arnhem in 1944, argues Ambrose, when the Allies should have been trying to seize Antwerp. That would have opened up the European port nearest Germany's heartland and, he asserts, ended the war months sooner. Even worse, as the Wehrmacht collapsed, Eisenhower turned his armies toward the Alps instead of racing the Soviets to Berlin, a blunder that left a lasting imprint on the map of Europe...

Author: /time Magazine | Title: Books: The Sublime Commander | 10/3/1983 | See Source »

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