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...ways of looking at such an investment were ignored because adhering to them would discourage even starting the project. Department 260 was high in risk and cost, but if it worked it would yield far more than its price tag. O'Rourke, in persuading the company's directors to pump money into the project, was blunt: "I figured if we could produce $30 million to $50 million a year in sales, and it cost just $15 million to build, that was a good deal...

Author: /time Magazine | Title: In Old Milwaukee: Tomorrow's Factory Today | 6/16/1986 | See Source »

Leading the opposition, California Democrat Alan Cranston criticized the Saudis for their unwillingness to make peace with Israel and for subsidizing "terrorists," meaning Syria and the Palestine Liberation Organization. Though he acknowledged that Washington and Riyadh have some mutual interests, Cranston argued, "The Saudi princes don't pump oil or resist Marxism just to do us a favor. They'd do it anyway...

Author: /time Magazine | Title: Middle East Plight of the Moderates | 6/16/1986 | See Source »

While Chirac asked the National Assembly for the authority to begin the process of deregulation and denationalization, Balladur was already outlining other economic reforms. These steps will relax most foreign-exchange and credit controls and reduce interest rates. Balladur is confident that the program will pump new life into France's economy. Says he: "I don't see any more reason to hesitate to invest, to hire workers, to participate boldly in the resumption of growth and investment...

Author: /time Magazine | Title: Turning Away From Dirigisme | 6/9/1986 | See Source »

When the rains kept falling, the legislature went beyond prayer. Last week it approved a $72 million plan to pump water from the lake to the barren west desert, creating a 2.5-ft.-deep, 500-sq.-mi. companion lake...

Author: /time Magazine | Title: Utah: Next, a Lesser Salt Lake? | 5/26/1986 | See Source »

Ivan Yemilianov, a senior designer of the stricken unit, said Soviet engineers planned to entomb the reactor in concrete for hundreds of years to allow the radioactive substances to decay. The scheme will require workers to pump an insulating layer of liquid-nitrogen refrigerant into a tunnel just beneath the reactor. The crippled unit will then be encased within a concrete barrier that will descend 96 ft. into the ground. Engineers were also spreading a plastic film over some 300,000 sq. yds. of soil a day to prevent further contamination and hold tainted earth in place...

Author: /time Magazine | Title: Soviet Union Gorbachev Goes on the Offensive | 5/26/1986 | See Source »

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