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...Pentagon will spend less than it is entitled to. If the Pentagon does not oblige, savings could be slashed by as much as $6 billion. No major weapons system is canceled under the compromise, suggesting that military maintenance and operations would have to be sacrificed if the lower spending target were...

Author: /time Magazine | Title: Cooking the Books | 4/12/2005 | See Source »

Wall Street is gearing up for another takeover battle. The target this time is not a company but a bill passed by the New York legislature that would severely restrict takeovers of firms registered in the state, particularly those bids that do not involve cash payments. The legislation would require that such offers win the approval of two-thirds of a company's shareholders, including a majority not directly involved in the transaction...

Author: /time Magazine | Title: Business Notes: Jul. 22, 1985 | 4/12/2005 | See Source »

...flux, it is important that the Administration speak out." So said Attorney General Edwin Meese early this month, signaling the Justice Department's intention to take a more activist and aggressive posture toward the Supreme Court and its rulings. Last week Meese's agency took aim at a favorite target of President Reagan and many of his conservative supporters: the landmark 1973 Roe vs. Wade Supreme Court case, which struck down most legal restrictions on abortion. The Justice Department filed a 30-page amicus curiae brief asking the court to reverse its 7-to-2 decision. "The basis...

Author: /time Magazine | Title: Brief Attack: Meese goes after abortion law | 4/12/2005 | See Source »

...fact begun with an air-raid alert for the city just after 7, but the B-29 soon passed over, and the all clear was sounded. This was the weather plane that advised the Enola Gay that the target was open. Schoolchildren looked forward to air-raid alerts, which allowed them to stop working. Kawamoto said goodbye to his mother, who told him to take care of himself. He plonked a shovel on his shoulder and strode soldier-like toward the railway station...

Author: /time Magazine | Title: What the Boy Saw: A Fire In the Sky | 4/12/2005 | See Source »

...distances from one another are 150 Minuteman IIs and 50 Minuteman IIIs, representing 20% of the total 1,000-lCBM force to which Nixon referred. A Minuteman III travels at more than 15,000 m.p.h. at an altitude of 700 miles. Flying over the Pole, it can reach its target in the Soviet Union in less than half an hour...

Author: /time Magazine | Title: What the President Saw: A Nation Coming Into Its Own | 4/12/2005 | See Source »

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