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...purchase comes at a time when company sales of skin creams, bath lotions and makeup have been slowing. Once known as a high-growth firm, Mary Kay saw its profits fall from $36.7 million for 1983 to $33.8 million last year. Its stock has taken a sharper plunge. After reaching a high of nearly $45 two years ago, it closed last week...

Author: /time Magazine | Title: Deals: Mary Kay Paints a Private Face | 7/15/1985 | See Source »

...resolution is sure to get in the Democratic-controlled House. Proposals to limit future cost of living increases in Social Security benefits, to abolish 17 federal programs and to increase military outlays 3% above the estimated rate of inflation will all come under fierce attack, which will be even sharper if the overall budget package cannot squeak through the G.O.P.-controlled Senate. "If we lose, we start the demolition derby," says Senate Majority Leader Robert Dole. Even if the broad budget package passes, he adds, "maybe it will be a demolition derby anyway...

Author: /time Magazine | Title: Scratches in the Teflon | 5/6/1985 | See Source »

...line was accompanied by some less public but even sharper whip cracking. Before the President spoke, his aides had begun passing a disconcerting message to the 22 Republican Senators who will be up for re-election in 1986. Its essence: how much help Reagan gives them now in raising campaign funds, and later by making speaking tours through their states, will depend heavily on how much they cooperate in shaping a fiscal-1986 budget to the President's liking...

Author: /time Magazine | Title: Go Ahead - Make My Day | 3/25/1985 | See Source »

Forced into a sharper awareness of their responsibilities, board members are beginning to take a more active role in corporate affairs. Directors at United Technologies in November conducted a probe that cleared Chairman Harry Gray of charges that he had bugged or wiretapped a former president of the company. The 15 directors of Union Carbide in December found themselves coping with the biggest industrial accident in history, the gas leak in Bhopal, India, that killed at least 2,500 people. The directors, meeting in an emergency four-hour session at Manhattan's Helmsley Palace Hotel, appointed four members to monitor...

Author: /time Magazine | Title: On the Boards | 2/11/1985 | See Source »

...down fashion. Because a segmented mirror requires a much lighter support than a conventional one, the Keck telescope will weigh only 158 tons, a third the weight of the Hale instrument. Yet it will be able to perform miracles like taking infrared photographs that are 50 to 100 times sharper than any ever before made on earth. Says Caltech Astronomer Maarten Schmidt, famed for his discovery that quasars are the most distant and energetic objects ever observed: "In all aspects, a big telescope can do things better and faster than a small telescope...

Author: /time Magazine | Title: Science: Better Spyglass on the Stars | 1/21/1985 | See Source »

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