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...smartest shop in the business right now is Rhode Island-based Hasbro, which this year expects to reach sales of $1.2 billion and surpass Mattel as the largest U.S. toymaker. Hasbro, which is now operated by its third generation of Hassenfeld brothers, has profited from a somewhat contrary attitude. The company avoided getting into video games in 1979, which at the time prompted wags to call it "Has-been." Instead, the company plunged / deeper into conventional toys, which eventually produced such smash hits as Transformers and My Little Pony, a line of plastic, pastel-colored toys...

Author: /time Magazine | Title: Battle of the Fun Factories | 12/16/1985 | See Source »

Bishop Berkeley's 18th century dictum "Westward the course of empire takes its way" was borne out again last week by a Commerce Department analysis of urban demographic trends. The department forecast that by the year 2000, Los Angeles will surpass New York as the nation's largest metropolitan area, and that San Francisco will overtake Bridgeport, Conn., as the country's wealthiest. Los Angeles, which by 1982 had swept past Chicago to gain Second City status, is expected to swell to 8,870,000 regional residents. The San Francisco area will drop from 27th to 28th in population, with...

Author: /time Magazine | Title: Westward Ho | 12/16/1985 | See Source »

...leaving the top leadership is Nikolai Tikhonov, 80, who retired from the Politburo, having resigned last month from his government job as Premier. In addition, Gorbachev put to rest the gossamer dreams of Nikita Khrushchev, who drafted a long-term economic plan in 1961 predicting the Soviet Union would surpass the U.S. economically by 1970. Gorbachev announced that the embarrassing document, technically still in effect, had been rewritten to excise parts that in his view "have not stood the test of time...

Author: /time Magazine | Title: Soviet Union: Burying Khrushchev's Dreams | 10/28/1985 | See Source »

...counselors' doors. "We've got more business than we can respond to," says Andrew McGehee, executive director of the Consumer Credit Counseling Service of South Florida. "Obviously, the problem is getting worse." McGehee's nonprofit service advised 2,244 families last year, up 17% from 1983. He expects to surpass that this year. The National Foundation for Consumer Credit, which operates 245 offices around the U.S., said consumers are now arriving for advice in greater numbers than at any time in the past five years...

Author: /time Magazine | Title: Bloated with Heavy Debt | 7/15/1985 | See Source »

Stokowski had molded the orchestra into a peerless instrument that he controlled with finger-tip accuracy. Ormandy's achievement was not only to preserve Stokowski's legacy but, in some ways, to surpass it. He was no mere caretaker. If he lacked Stokowski's restless adventurousness in presenting modern music, he nevertheless championed new works by his contemporaries Rachmaninoff and Shostakovich. If his scrupulously maintained low profile was the antithesis of Stokowski's flamboyant showmanship, he nevertheless insisted on a uniformly high performance standard, which can be heard on the hundreds of recordings he made with the Fabulous Philadelphians. Above...

Author: /time Magazine | Title: The Fabulous Philadelphian: Eugene Ormandy: 1899-1985 | 3/25/1985 | See Source »

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