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...discount chain rang up $12.7 billion in sales last year, with profits of $358 million, second only to Sears' $17.5 billion volume. In the first six .months of 1980, K mart's sales grew by an additional 14.1%, while Sears slid 2.2% and Penney's rose a mere 1%. Since K mart's sales have averaged a 19.3% annual growth since 1970, many analysts expect that it will pass Sears by the mid-'80s. Says Detroit Investment Analyst Mariann Kotas: "Leaving aside Sears' insurance business, K mart already is No. 1 in retail profits...

Author: /time Magazine | Title: Business: Bargains with Few Frills | 8/25/1980 | See Source »

...slender man dressed in a gray postal uniform rang the doorbell of an elegant $250,000 house in the Washington suburb of Bethesda, Md., one morning last week. He brought two special delivery packages for the occupant, Ali Akbar Tabatabai, 49. As the balding Iranian bent over to examine them, the "mailman" killed him with three shots from a 9-mm pistol concealed in a sheaf of envelopes...

Author: /time Magazine | Title: World: Killing One's Enemies | 8/4/1980 | See Source »

...second quarter and ended up with small first-half earnings of $4.5 million. Among the U.S.'s major airlines, only Delta, which earned $73.9 million in the past six months, is making substantial profits. Some of the regional airlines are also excelling; USAir, formerly known as Allegheny, rang up earnings of $35.9 million during the first half...

Author: /time Magazine | Title: Business: Fasten Your Seat Belts | 8/4/1980 | See Source »

Former Secretary of State Henry Kissinger was ready to go off on a dinner date with Senator Paul Laxalt when the telephone rang in his Plaza suite. The caller was William Casey, Reagan's campaign director. Could Kissinger come over to Casey's rooms in the Plaza? When he got there, he was welcomed by Casey, Reagan Aide Michael Deaver and Edwin Meese, Reagan's chief of staff. Quite succinctly, Meese explained that Reagan very much wanted Ford on the ticket and asked if Kissinger would help persuade Ford to consider running. In fact, Meese noted, time...

Author: /time Magazine | Title: Nation: Inside the Jerry Ford Drama | 7/28/1980 | See Source »

...Rosalynn shuddered at the word, the phone rang. Carter picked it up and said, "Hello, Mr. Former President...

Author: By Burton F. Jablin, | Title: A Better Idea | 7/22/1980 | See Source »

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