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...protests were directed at the governing board of the BBC. The previous week, after objections from Prime Minister Margaret Thatcher's Home Secretary, Leon Brittan, the board had canceled a television documentary that featured interviews with Irish extremists, including an alleged leader of the Irish Republican Army. Thatcher, the target of an I.R.A. bomb last October, had declared a month ago that terrorists should be denied the "oxygen of publicity...

Author: /time Magazine | Title: Britain: Off the Air | 4/18/2005 | See Source »

Corporate Raider Carl Icahn's usual strategy is to buy a stake in a target company and then sell out to another bidder at a huge profit. But this time the New York City financier may stick around and keep the business. Last week he gained virtual control of TWA, the sixth largest U.S. airline, by accumulating at least 45.5% of the company's stock. In the process Icahn may have defeated Frank Lorenzo, the chairman of Texas Air and a rival bidder for TWA, with a series of intricate maneuvers worthy of the Navy's Blue Angels flying aces...

Author: /time Magazine | Title: Closing In:Carl Icahn encircles TWA | 4/18/2005 | See Source »

...president, Victor Schroeder, resigned in 1983 amid accusations that he had improperly charged $25,000 in mortgage payments on his home to the SFC. A year later his successor, Victor Thompson, stepped down soon after it came to light that a Tulsa bank he had headed had been the target of an investigation for securities violations. No criminal charges resulted from the investigation. Early on, the SFC earned a reputation for inefficiency and waste. Says Iowa Congressman James Leach, a Republican: "These are the only guys in the world who make the Pentagon look streamlined...

Author: /time Magazine | Title: Shattered Hopes for Synfuels | 4/18/2005 | See Source »

...equivalent to focusing on a dime two miles away. The $60 million device, however, had bugs in its computer software and would not track properly. There was a brief moment when Astronomer-Astronaut Karl Henize shouted, "Hallelujah, it looks like it's working!" only to watch it wobble off target. Conceded Henize: "That hallelujah was a bit too quick, wasn't it?" Later the astronauts jerry-rigged an arrangement to aim the three solar telescopes toward the sun in time to photograph a spectacular cascade of flares and nuclear eruptions. Four days into the mission, the crew and ground control...

Author: /time Magazine | Title: Science: Challenger's Agony and Ecstasy | 4/18/2005 | See Source »

...streets of Harlem, with several beguiling stops between, Mcdonald records the travails of a small boy, heir to a dukedom, who is orphaned during the London blitz and sent off to the uncertain care of a sodden New York City tabloid reporter. Within weeks the boy becomes the target of a Mafia hit man, thereby allowing the author to mix sociology and satire, goofy narrative and authentic terror...

Author: /time Magazine | Title: Books: Blood, Blonds and Badinage | 4/18/2005 | See Source »

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