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...Wallenberg bankers who have been synonymous with Swedish business for more than a century, Marcus and his brother Jacob (who died two years ago) rebuilt Sweden's industrial strength after the Kreuger crash in 1932. Eventually taking control of such multinational giants as Electrolux, L.M. Ericsson and Saab-Scania, Wallenberg also helped to establish the Scandinavian Airlines System in 1946 and controlled companies that employed one of every eight working Swedes. A national tennis champion as a young man, he shunned ostentation and once said of his estimable family: "We're nothing special. We come from simple, ordinary...

Author: /time Magazine | Title: Milestones: Sep. 27, 1982 | 9/27/1982 | See Source »

...resort built during the civil war. Though many of its 151 rooms are empty, the hotel has kept on a staff of more than 300, in the expectation that better days must surely follow. Summerland's bar, restaurant and two outdoor pools are still crowded. Said Sheik Khaled Saab, Summerland's part owner and general manager: "We Beirutis have the will to live. We've become immune to many things. We know if the artillery is 'incoming' or 'outgoing.' We can even tell the caliber. We're all optimists. Keeping this place...

Author: /time Magazine | Title: Lebanon: Where There's Hope - and Life | 6/15/1981 | See Source »

...pick up the routine of their lives. Greg Persinger will go home to Seaford, Del., and serve as best man at the wedding of his close friend Frank Thomas, who postponed his marriage until Greg could attend. In Hurst, Texas, Navy Lieut. Commander Robert Engelmann will find his Saab, which had been gathering dust for more than 14 months in the driveway, polished and ready to roll...

Author: /time Magazine | Title: Iran Hostages: An End to the Long Ordeal | 2/2/1981 | See Source »

...aggressive Japanese are a key factor in the European auto slump. Hardest hit are countries that do not have an agreement with Japan to limit imports. In Sweden, for example, Volvo and Saab assembly lines have been working three-day weeks. The Japanese have increased their market share in that country from 1% in 1970 to 14% at present...

Author: /time Magazine | Title: Slippery Roads | 1/12/1981 | See Source »

...four years, Rumanian Pro Mariana Simionescu, step outside into the bright sunlight and a cheering crowd of 2,000. Among them are 50 members of the Rumanian National Tennis Federation, who raise flower-bedecked racquets in a ceremonial arch. Kiss, smile, applause. Exeunt the couple in a Swedish Saab. Scene 2-Religious Ceremony. An unruly mob awaits the Borgs' arrival at the Caldarusani Monastery, 25 miles from the capital. Tennis Star Vitas Gerulaitis, arriving on foot, has to fight his way in as three priests and two Orthodox bishops preside over hourlong rites. "We are being trampled!" shouts Borg...

Author: /time Magazine | Title: People, Aug. 4, 1980 | 8/4/1980 | See Source »

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