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...have-not lines: a prosperous Sunbelt and a rusting Frostbelt. Now, however, there is talk about a different sort of "two Americas." In the new version, the haves are the high-tech industries and financial-service firms stretching from New Hampshire down the Eastern seaboard and from California's Silicon Valley down to Orange County; the have-nots include the farmers, energy producers and heavy manufacturers in between. The split that some see emerging counterposes booming coasts against a problem-plagued heartland...

Author: /time Magazine | Title: A Tale of Two Countries? | 9/1/1986 | See Source »

From the gold-rush camps and Hollywood to the flower children and Silicon Valley, California has long been the place where the newest manifestations of the American dream first sprouted. In Orange County, the dream seems to be driven by the lure of both success and excess. With 42 miles of beckoning oceanfront, this California-style Riviera is a 38-sq.-mi. wedge of land stretching from the Pacific Ocean to the Santa Ana Mountains and harboring the thriving towns of Newport Beach (pop. 67,000), Costa Mesa (88,000) and Irvine (89,000). It includes a constellation of some...

Author: /time Magazine | Title: Orange Riviera | 8/18/1986 | See Source »

...safety cooling system at all; the helium gas flowing through its core merely carries away heat to power electric generators. The reactor itself can never get hot enough to melt down. In the MHTGR, bits of uranium fuel are encapsulated in tiny grains made of carbon and silicon compounds. The fuel particles, which are embedded in racquetball-size "pebbles" of graphite, will remain intact up to 3600 degreesF. But the configuration of the core and the reactor's size (it generates only 80 megawatts of power, compared with 1,000 megawatts for large conventional reactors) ensure that temperatures never rise...

Author: /time Magazine | Title: Science: A Chernobyl-Proof Reactor? | 7/21/1986 | See Source »

...since he joined the blue-chip San Francisco venture capital firm of Kleiner Perkins Caufield & Byers in 1980. Three years later Doerr became one of five general partners (there are seven today). Among the companies that he has spotted for investment are Cypress Semiconductor, Sun Microsystems and Businessland, all Silicon Valley firms involved in various aspects of the computer field. Doerr's choices have earned an estimated $260 million in venture profits. Nonetheless, Doerr insists, "money is not a goal. I enjoy building things with other people...

Author: /time Magazine | Title: It's an Addictive Life | 6/16/1986 | See Source »

...cost Ed Zschau $3.2 million, but he did it. Starting from near obscurity and facing a dozen rivals, the two-term Congressman won California's Republican Senate nomination last week with a 37% plurality. The Silicon Valley businessman spent $2 million on advertising, much of it devoted to teaching voters how to pronounce his name (like the first syllable in shower). In a display of post-primary solidarity, Zschau and his six key competitors sat down after his victory for a unity lunch in Los Angeles, where he discussed strategy against three-term Democratic Incumbent Alan Cranston...

Author: /time Magazine | Title: Opening Round: Senate battles shape up | 6/16/1986 | See Source »

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