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...fraud scheme" in 1980 by diverting some $20 million in profits from its subsidiary in New York City to its headquarters in Switzerland. The department's probe has resulted in a prolonged legal face-off with the firm. The latest crisis came last week, when Federal Judge Leonard Sand threatened to freeze up to $55 million in Marc Rich & Co. assets at some 20 domestic banks and companies, a move which would have paralyzed the company's U.S. operations...

Author: /time Magazine | Title: Elusive Target | 8/15/1983 | See Source »

These taxis in the old capital city of Kyoto wait outside the doors of the ineffable, of another Japan entirely. The Ryoanji temple's Zen rock garden?five austerely abstract boulder mounds set in a sea of curried sand pebbles?is a celebrated spiritual masterpiece. The garden is absolutely still, and yet tense with an obscurely bullying profundity. A guide whispers the sermons in the stones, the allegories: the rocks are, maybe, tigers swimming across the sea. Or they are whales rocking in the deep. Or perhaps they are these mysterious islands themselves: Japan. The abbot of Ryoanji...

Author: /time Magazine | Title: Japan: All the Hazards and Threats of | 8/1/1983 | See Source »

...first thing you saw when you got to the States was the barefoot girls in their summer dresses pedaling bicycles past the sea. In your jacket you carried a photograph of the soldier that had been you, a keepsake of the afternoon you sank your boots firmly in the sand that slopes into the Mediterranean that lies beside Beirut. In the photograph you looked older than the cliché-older than the hills. You would fetch the picture from your pocket if the leggy girls truly wanted to see. But the girls you wanted later-the telephone you needed...

Author: /time Magazine | Title: At Liberty but All Keyed Up | 7/4/1983 | See Source »

Billy Pierce, the ideal White Sox pitcher of the 1950s, rediscovered him on a sand lot. Kittle was playing semipro baseball, after a day's heavy work, for a Chicago team identified beguilingly as AHEPA, which, even some of the players forget, stands for the American Hellenic Educational Progressive Association. Any White Sox scout might have found Kittle, but the fact that it was Pierce means something to South Siders, who are also pleased to recall that it was Peg-Legged Bill Veeck who signed the young slugger. For Veeck still owned the team in 1978 and was presiding...

Author: /time Magazine | Title: Sport: Broad-Shouldered, Like Chicago | 6/20/1983 | See Source »

Friendships do not always grow well in the glittery sand of show biz. But Actresses Nastassia Kinski, 22, and Jodie Foster, 20, have become chums despite the glare. After meeting at an Aretha Franklin concert a year and a half ago, Occasional Journalist Foster, a junior at Yale, took up recorder and notebook for a Q. and A. dialogue with Kinski that ran, seemingly forever, in Interview magazine. They are reunited for the film adaptation of John Irving's Hotel New Hampshire, and the friendship continues. Luckily. The script calls for Kinski-who in the film spends the better...

Author: /time Magazine | Title: People: Jun. 20, 1983 | 6/20/1983 | See Source »

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