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...worst an unscrupulous hustler. Twenty years ago, Fisher and his indomitable wife Dolores, 46, began their search for the legendary lost galleons. Following a trail discovered by Historian Eugene Lyon in 1970 at the Archive of the Indies in Seville, Spain, Fisher found the wrecks lying in shallow water 30 miles west of Key West. So far, Treasure Salvors has recovered some 30,000 artifacts from both ships. The find has been appraised at $27 million for insurance purposes, but art experts think the treasure could be worth several times that. The effort has so far cost $7.5 million, much...

Author: /time Magazine | Title: From Davy Jones, a Tax Shelter | 4/11/1983 | See Source »

...peace with the Administration, suggests former longtime CBS White House Correspondent Robert Pierpoint, is that the confrontational style, far from putting the President on the spot, "has played right into Reagan's hands. Donaldson and others intrude with a simple shot, and Reagan bounces it back with a shallow quip that plays beautifully onscreen. The exchange gives the appearance that he has answered the question when he has not." Says Donaldson: "Sometimes what comes out of my mouth is not carefully formed, and that can let Reagan off the hook...

Author: /time Magazine | Title: Press: Just Bray It Again, Sam | 4/11/1983 | See Source »

...linked to the high bacteria count in the water. Fishermen in Cartagena, site of last week's conferences, worry about the effect of mercury and pesticide levels on shellfish and other marine life. Known for their collections of picturesque coral and nourishing sea grasses, the Caribbean's shallow coastal waters are a rich breeding ground for sea life, ranging from shrimp, mollusks and crustaceans to numerous varieties of finfish. Any major disturbance of this fragile ecosystem could have far-reaching repercussions. Unfortunately, as Rodriguez Mercado notes, there is little awareness of the economic importance of these resources...

Author: /time Magazine | Title: Environment: Fighting Blight in Paradise | 4/4/1983 | See Source »

...members of the Reagan Administration whenever he happens to disagree with them. He has upbraided Presidential Pollster Richard Wirthlin for accepting a polling contract from Americans who sympathize with the Palestine Liberation Organization and scoffed at National Security Adviser William Clark as "living proof that still waters can run shallow." Safire has repeatedly criticized the Administration as acquiescent on foreign policy, particularly for its pledge to withdraw military support from Taiwan and its lifting of sanctions against construction of a natural gas pipeline from the Soviet Union to supply Western Europe. Says he: "I am a hard-liner...

Author: /time Magazine | Title: Press: Rarely Safe, Very Rarely Sorry | 3/14/1983 | See Source »

...wall. Bedrooms and boardrooms alike are illuminated by lasers, neon, smoke, creepy red and blue filters. Single-source lighting throws every face and motivation into sinister relief. And under the action, jazz-rock music - a hum of bass, synthesizer and baritone sax - moves continuously, like a shark in shallow water. To be sure, Vortex engages the eye, not the gut. But for $80,000, an eyes-only feast should be enough...

Author: /time Magazine | Title: Cinema: To Be Young, Gifted and Broke | 3/14/1983 | See Source »

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