Word: repairable
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...Washington sets the annual cost of destruction in public schools alone at more than $100 million. In New York City, the cost of school vandalism amounted to an estimated $6,500,000 last year. Public telephones are another prime target; some $10 million a year goes to the repair or replacement of pay phones destroyed by vandals and thieves. Why, in an era of unprecedented prosperity, has an increase in the most senseless of all crimes against property taken place...
...Taiwan doubts Lee's chutzpah?Mitac's president Billy Ho praises him as "full of courage"?but a turnaround will take more than guts. Lee must repair the German unit while tussling with Nokia, Motorola and Samsung for global market share. Even Lee admits that how successfully he integrates his new handset business "will determine the destiny of BenQ." But the reality for BenQ and the other Taiwan tech outfits is that high-risk ventures may offer the best chance at survival. "They realize they have to do something very drastic," says IDC's Pulskamp. For Taiwan, it's take...
...taking a careful look at the jet engines used in commercial aircraft. Inspectors began fanning out last month to investigate the 20 U.S. repair shops that service the jets. They are particularly interested in the Pratt & Whitney JT8D series, a highly respected engine that powered the aircraft involved in three of last year's major accidents. Said one inspector: "The series powers more than half of all the jet planes flying in the Western world, and they've been flown a long time. So naturally we wonder if we've all gotten complacent about them." Pratt & Whitney denies any link...
Last week the World Bank agreed to lend Mexico $400 million to repair earthquake damage. But the country still needs an additional $6 billion to meet payments on its now $98 billion debt. De la Madrid recently met with TIME Assistant Managing Editor Richard Duncan and Mexico City Bureau Chief Harry Kelly. During the hour-long interview, De la Madrid, 51, appeared surprisingly optimistic about his country's future. Excerpts...
...most aggressive of Ma Bell's offspring has been Philadelphia-based Bell Atlantic. Its businesses outside the basic telephone field, which include a computer-repair chain and a financing operation, accounted for $427 million of the company's $9.1 billion in revenues for 1985. Bell Atlantic executives hope to branch out even further, by entering the property-and-casualty insurance business...