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Seeing nothing new, the Reagan Administration's response was swift and negative. "A nuclear testing moratorium," said White House Spokesman Larry Speakes, "is not in the security interests of the United States, our friends or our allies." The Administration reiterated its objections: the U.S. must continue testing to check the reliability of its stockpiles, a ban could not be properly verified, further testing is needed to develop new warheads for the nation's modern arsenal. The President's aides do not like to mention that a ban would also slow development of the Strategic Defense Initiative...

Author: /time Magazine | Title: No Yield | 9/1/1986 | See Source »

...attack was swift and startling, the getaway apparently clean. Shortly after midnight one morning last April, a mysterious electronic intruder interrupted a movie on HBO with a transmission of his own. GOOD EVENING HBO FROM CAPTAIN MIDNIGHT, read the message on the screen. $12.95/MONTH? NO WAY! (SHOWTIME/MOVIE CHANNEL BEWARE!). The complaint was directed at cable services that scramble their satellite-beamed signals so owners of home dishes can see programs only by buying a decoder and paying a monthly fee. The daring prank captured the nation's fancy but set in motion a high-tech manhunt. Last week, after...

Author: /time Magazine | Title: Video: Grounding Captain Midnight | 8/4/1986 | See Source »

...though, said his client, a graduate of Harvard College and Stanford University's business school, "acknowledges . . . his own violations of the law." Both men were banned for life from the U.S. securities business, and probably still face criminal charges. To earn a chance for leniency, Wilkis and Sokolow extended swift cooperation to authorities. Wilkis resigned from E.F. Hutton even before the SEC brought its case. Sokolow's lawyer said his client, who majored in economics at the University of Pennsylvania's Wharton School and earned a master's degree from the Harvard Business School, was experiencing a "terribly...

Author: /time Magazine | Title: Finger Pointing: Wall Street's scandal grows | 7/14/1986 | See Source »

...State Department is arguing for a swift and substantive counterproposal to get the summit preparations moving, while the Pentagon and the CIA oppose any concessions that would threaten Star Wars. A meeting last week of midlevel arms-control advisers ended "in total disagreement," said one participant. "We are bogged down here, really stalemated." Unflagging support for SDI also dims the prospect for any agreement on nuclear testing. The Soviets have called for a total moratorium and have not detonated a nuclear device since August 1985. But some of the weapons envisioned by SDI require underground nuclear tests. The Pentagon argues...

Author: /time Magazine | Title: Public Squabbles, Private Deal | 7/14/1986 | See Source »

...Hasty Pudding Theatrical Society. The pitching corps consists of Frito (Bobby DiCicco), a Bruce Springsteen-loving Hispanic; Duke (Wesley Thompson), a self-proclaimed persecuted Black; Moose (Vince Lucchesi), an over-the-hill knuckler; Ripper (Artie Gerunda), a Harvard educated alcoholic; and Tank (Eddie Frierson), a not-too-swift minded hurler...

Author: By James D. Solomon, | Title: Good, Not Very Clean Fun | 7/8/1986 | See Source »

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