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Dates: during 1980-1989
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Like Yelity, a growing number of black executives are leaving large corporations to set up their own companies. During 1988, Black Enterprise reports, sales of the 100 largest black-owned firms grew 10.2%, compared with 7.6% sales growth for FORTUNE 500 firms. Largest by far: TLC Beatrice International Holdings (1988 revenues: $1.96 billion), a multinational food- processing concern acquired by Reginald Lewis in a $985 million leveraged buyout two years...

Author: /time Magazine | Title: MINORITY ENTERPRISE: Doing It for Themselves | 5/22/1989 | See Source »

...Set like a jewel between snow-covered mountains and deep Pacific Ocean inlets, Vancouver, Canada's third largest city and site of the 1986 world's fair, has inspired great pride among its residents. Unfortunately, intense pride sometimes degenerates into parochialism -- or worse. A city alderman intervened recently to stop local merchants from selling T shirts with the slogan HONGCOUVER, B.C. '89. "When I go out I'm absolutely surrounded by Asiatics," complained longtime Vancouver resident John Smythe at a public hearing on immigration last month. "If the doors are wide open, what's going to happen to the Caucasians...

Author: /time Magazine | Title: Canada Prosperity and Parochialism | 5/22/1989 | See Source »

...even create money that citizens had earlier unquestioningly granted to the Emperor or Mao. And in all three countries housewives, unable to make the connection between higher prices and availability, complain about paying several times the old official prices for food that was never available at the government-set level...

Author: /time Magazine | Title: Essay: Communism Confronts Its Children | 5/22/1989 | See Source »

...SCANDAL. It's all here: the loveless romances of Christine Keeler with a Soviet spy, a Jamaican drug dealer and John Profumo, Secretary of War in Harold Macmillan's Cabinet. This express tour through swinging London plays like News of the World headlines set to early '60s rock 'n' roll...

Author: /time Magazine | Title: Critics' Choice: May 22, 1989 | 5/22/1989 | See Source »

Levin has accused Gulf Power of "trying to make the public believe Jake set the plane on fire" by telling only their side of the story behind Horton's imminent dismissal. Executives of Gulf Power and Southern have clammed up, refusing to give more information until authorities determine the cause of the mishap. One thing is sure: no matter what the investigation turns up, many people in Pensacola will insist that the crash that killed Jake Horton was no accident...

Author: /time Magazine | Title: Fatal Subtraction | 5/22/1989 | See Source »

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