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...many Washington antitrust experts, including some within the Justice Department, predict that the Government will ultimately approve a merger between Conoco and one of its suitors-even Mobil or Texaco. They point out that contrary to conventional wisdom, the oil industry is highly competitive. Under present antitrust guidelines, the Government considers an industry to be exceedingly concentrated if four or fewer firms control 75% of the market. In the oil business, the top four companies account for less than 20% of sales. By contrast, four auto firms control 70% of the market, while four steel companies have 44% of that...

Author: /time Magazine | Title: Reaching for Conoco's Riches | 7/27/1981 | See Source »

...year, hospitals reported 3,669 cases related to Ts and Blues, compared with 12,785 for heroin. But in some cities-particularly New Orleans, Chicago, Detroit, Buffalo, Albany and St. Louis - the new "rig" is more prevalent than heroin. Says Lieut. Lawrence Forberg of the Chicago narcotics squad: "I predict it will possibly equal heroin usage." Since first appearing in Chicago during the mid-'70s, Ts and Blues have spread with frightening speed. John Mudri, a Drug Enforcement Administration agent in Detroit, began noticing the combination a little over a year ago in early 1980. Says he: "It rose...

Author: /time Magazine | Title: The Cheap New Killer | 7/20/1981 | See Source »

...basically, everyone's guessing. "It is really hard to predict exactly what the effect of these measures will be; we don't know who's going to be cut, so we can't gauge the effects," Rich commented...

Author: By Laura K. Jereski, | Title: They Shoot Actors, Don't They? | 7/10/1981 | See Source »

Said he: "This was the biggest icefall I've seen outside the Himalayas. You can predict an avalanche, but there is no way you can predict an icefall." (That natural phenomenon is the result of internal stress that builds up within a creeping glacier, eventually causing a wall of ice to snap away.) Said Survivor Martinson of his fallen colleagues: "They didn't have a chance...

Author: /time Magazine | Title: Sport: Death on Two Mountains | 7/6/1981 | See Source »

Some observers think Reagan may pick a crony, White House Counsellor Edwin Meese, Deputy Secretary of State William Clark. Others predict that he will select an academic like Yale's Robert Bork or Chicago's Philip Kurland. The nation's lower courts offer Reagan such conservatives as Dallin Oaks of the Utah Supreme Court and Malcolm Wilkey, an old friend of Chief Justice Warren Burger's who sits on the U.S. Court of Appeals...

Author: /time Magazine | Title: Law: Surprise from the Swing Man | 6/29/1981 | See Source »

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