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...what the venture capitalists had paid less than six months earlier. And the stock has climbed higher still. Last week Pizza Time Theater was selling for $23.25 per share, or more than six times what the stock was worth 18 months earlier, when the first venturesome capitalists bought a slice of the Pizza Time action...

Author: /time Magazine | Title: Making Pizza Dough | 8/10/1981 | See Source »

...brilliant palette of Dacron sail stands taut in the breeze, while below it the bright twin pontoons slice the sea into a foaming, sun-dazzled wake. As the breeze quickens, one of the pontoons flies free of the water, bringing whoops of excitement from the boat's two occupants...

Author: /time Magazine | Title: Sport: Happiness Is a Hobie Cat | 8/3/1981 | See Source »

...Kuwait has built an impressive investment portfolio, with some $7 billion in the securities of a rich slice of U.S. industry that includes everything from computer companies to energy firms to banks. The Kuwaiti U.S. portfolio is managed chiefly by New York's Citibank, though reportedly Kuwaiti officials have threatened to move some of it elsewhere because of dissatisfaction with the bank's management of their investments...

Author: /time Magazine | Title: Arab World Wheeler-Dealer | 7/13/1981 | See Source »

...taken verbatim from the pages of GQ. There are also a bunch of improbable photos: six fashion models in khaki landing a hot air balloon amidst a herd of giraffes; six fashion models waving from on top of a jeep. Breaking down into couples, the six alternately hug, slice meat, look tough, read maps through glasses of Chablis, practice foreplay, wade in rivers, listen to New Wave on a tape recorder, and become good friends with the Masai tribesmen, who obviously know a smart buy when they see one. As the caption reads: "The magnificent Masai Africa's warriors...

Author: By Thomas Hines, | Title: The Green Hills of Manhattan | 7/7/1981 | See Source »

...such wavering of intent. "Why should the President compromise?" asked Treasury Secretary Donald Regan. "He is doing fine standing still." Vice President George Bush declared that Reagan's program must be passed "unsalamied"-meaning that it should not be subjected to the "salami tactic" of paring it down slice by slice. Bush also implied that Reagan would veto a bill cutting taxes for one year only. The President, in a statement issued on income tax day, April 15, asserted that Americans would go on paying "too much" in taxes unless his full plan was enacted...

Author: /time Magazine | Title: The Upstairs Presidency | 4/27/1981 | See Source »

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