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...result of the changes brought about under Gorbachev. The military's claim on the national budget, still about one-third of all government spending despite the diminution of East-West tensions, faces additional reduction. Gorbachev has cut military forces by 500,000, to 4 million, but even sharper reductions are likely. The withdrawal from Eastern Europe has sent soldiers home to a severe housing shortage: some 200,000 are still quartered in tents, barracks and makeshift shelters throughout the country...

Author: /time Magazine | Title: The Retreat: The Silent Guns of August | 9/2/1991 | See Source »

...popping neon colors, Super Grip sells briskly in toy stores and at the 75-store Sharper Image chain, whose typical customer is described as a man in his early 40s. What's the allure? "When the economy gets tough, you need a diversion," says Stephen Sandberg, owner of Sanco Toy Co., in Foxboro, Mass., who has shipped 100,000 Scatch games. "You look for something simple to do. You use your imagination, and make up your own rules...

Author: /time Magazine | Title: The (Sticky) Fad of Summer | 7/29/1991 | See Source »

...passing of a founder can be a severe blow to any institution. Yet today, under Jamison, 48, the Ailey troupe has never looked better. Its technique is sharper than it has been in years, and it has lost none of its usual sassy flair. Behind the scenes, Jamison has stabilized the Manhattan-based company's finances by finding it a second home in Baltimore, where it will maintain a residency for five weeks each year. In New York City throughout this month, she will oversee a dance camp for disadvantaged kids that continues Ailey's mission of taking dance...

Author: /time Magazine | Title: Carrying On the Legacy | 7/15/1991 | See Source »

...consumer psychology is shaking many merchants to their roots. Traditional department stores ranging from Saks Fifth Avenue to Neiman Marcus have suffered from poor business as customers flock to discounters and back- to-basics stores, notably the Limited, the Gap, Wal-Mart and K Mart. The 75-store Sharper Image chain, which made its reputation in the '80s with high- tech gadgets, has been blurring its image to include more low-cost, practical goods. Example: a $19.95 aluminum-can crusher for recyclers...

Author: /time Magazine | Title: The Simple Life: Goodbye to having it all. | 4/8/1991 | See Source »

...scientists, AXAF will offer two advances over current x-ray telescopes. According to Harvey Tananbaum, associate director at CFA, the new telescope "will be able to take sharper pictures, detecting fainter, more distant sources." Also, AXAF will remain in orbit for 15 years, in contrast to current telescopes, which function for only a year...

Author: By Suruchi Chandra, | Title: Observatory Earns $87M Contract | 4/2/1991 | See Source »

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