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...1970s, the industry's infrastructure has seriously eroded. Hundreds of small foundries that made vital metal castings have gone bankrupt or have been forced to close by the Environmental Protection Agency (for excessive dust, smoke and chemical byproducts). Traditional smokestack industries such as steel and rubber have gone into a steep decline, losing their customers and even entire markets to more efficient overseas competitors...

Author: /time Magazine | Title: Dangers in the Big Buildup | 3/22/1982 | See Source »

...South African regime. Soon after, Citibank dispatched a representative to consult with the Corporation and lobby University officials to relax their present policy. The Corporation responded by applying pressure on the ACSR to approve the repeal of the 1978 concession, but the ACSR proved itself more than an ornamental rubber-stamp and voted down the proposal in May 1981. The ACSR majority concluded that the University had made a commitment and must honor...

Author: By Patrick Flaherty, | Title: Divestiture: The Corporation Breaks Its Promise | 3/3/1982 | See Source »

Photography posed its own special problems. The flying stork-steed that appears on page 53, designed by Artist Mari Kaestle in foam rubber and feathers, was attached to an especially sturdy metal stand so pregnant Model Lori Coen could perch in perfect security. As for the cover image itself, after gallantly twirling and bouncing through two studio sessions, Jaclyn Smith warned Photographer Raúl Vega-facetiously, of course...

Author: /time Magazine | Title: A Letter From The Publisher: Feb. 22, 1982 | 2/22/1982 | See Source »

...Reagan Administration's performance in the AT&T case should bely the popular yet simplistic notion that the Reaganites are the unthinking rubber-stamps of big business. Even by "populist" standards, the Reagan people did an impressive job. It took considerable and skillfully-applied pressure to force AT&T out of its comfortable monopolistic position, especially since the company seemed likely to win the lawsuit it had spent an estimated $360 million and seven years defending. A few years ago, the Carter Administration had offered to drop the AT&T case if Bell sold off merely two or three operating...

Author: By James A. Star, | Title: Busting Trusts Sensibly | 2/18/1982 | See Source »

Soon new products were coming along. One day in 1975, Bowerman got a piece of rubber and stuffed it into his wife's waffle iron. He wrecked the appliance, but he created Nike's famous waffle sole. When Americans of every age took to running in the mid-1970s, Nike was ready with products for the new market. "We are just a bunch of guys selling sneakers," says Knight. Among those guys is Neil Goldschmidt, Secretary of Transportation under Jimmy Carter and a former Portland mayor. Goldschmidt is now Nike's vice president in charge of international...

Author: /time Magazine | Title: Sagas of Five Who Made It | 2/15/1982 | See Source »

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