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...steelmakers to airlines, which have relied on the credits to help finance their investments in equipment. It represents a double whammy for companies that produce manufacturing equipment, because both they and their customers will lose the credits. Said Glenn Ekberg, president of Circle Boring, a machine-tool maker in Rockford, Ill.: "I'm surprised Congress has forgotten what a disaster they created for jobs in our industry when they cut (the investment tax credit) off before...

Author: /time Magazine | Title: Thumbs Up for the New Tax Plan | 5/26/1986 | See Source »

Kurt Carlson, 38, Rockford, Ill., roofing contractor. When he realized a hijacking was in progress, he pulled the identification from his wallet that showed him to be a major in the Army Reserve and stuffed it underneath his seat. Unfortunately, Carlson had an official U.S. Government passport. He says, "They identified me as being diplomatic. They saw it as either CIA or FBI." Carlson was beaten severely over a period of 4 1/2 hours. "They started hitting me on the back of the shoulders with an arm of a chair that was torn off." He remained in mortal danger until...

Author: /time Magazine | Title: Roach Races and Russian Roulette * | 7/15/1985 | See Source »

Theodore D. Pappas Rockford...

Author: /time Magazine | Title: Letters: Nov. 19, 1984 | 11/19/1984 | See Source »

...scuttling of Marble Hill was the latest in a long series of setbacks facing the nuclear power industry. Just three days earlier, the Nuclear Regulatory Commission refused to grant an operating license to the nearly completed $3.4 billion Byron nuclear power station near Rockford, Ill. Regulators said they had "no confidence" in the quality-control procedures for some of the plant's construction. The NRC's move was unprecedented in the commission's history and was more surprising because Byron's operator, Chicago's Commonwealth Edison, is regarded as the most experienced atomic power generator...

Author: /time Magazine | Title: Nuclear Fissures | 1/30/1984 | See Source »

Paul B. Waller Rockford...

Author: /time Magazine | Title: Letters: Dec. 12, 1983 | 12/12/1983 | See Source »

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