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Netscape's debut led to a run on high-tech stocks, sending the Nasdaq index soaring up 7.98 points to 1,005.10. The Dow Jones industrial average declined 21.83 points, finishing at 4,671.49. On the New York Stock Exchange, advancing issues lead declines, 1,148 to 1,020 on a volume of 301 million shares. The Standard & Poor's composite index of 500 stocks fell 0.68 to 559.71. And in London, gold closed up $0.15 at $384.65 an ounce.Photos:Nussbaum by Cynthia Johnson for TIMEGingrich by Terry Ashe for TIMEClinton by Diana Walker for TIMEJerry Garcia by Joe Traver/REUTERSMap...

Author: /time Magazine | Title: INTERNET'S THE WORD ON WALL STREET | 8/9/1995 | See Source »

...recent years, Santacruz has preoccupied himself with countersurveillance. His lieutenants moved about Cali with laptop computers linked, via radio, to a mainframe that contained such information as records of every long-distance call into and out of the city. Old-fashioned, low-tech ruthlessness was not beneath him, however. In addition to allegedly being connected to at least three killings in the U.S., he was the one who established the cartel's draconian methods of policing its own ranks. As insurance, the dealers to whom cocaine is consigned put up not only cash and property, but also human collateral...

Author: /time Magazine | Title: OUTWITTING CALI'S PROFESSOR MORIARTY | 7/17/1995 | See Source »

This is the sort of high-tech wizardry that has earned ucla and other teaching hospitals a crucial role in the U.S. medical system. They are the places where patients find specialized care that is unavailable elsewhere, young doctors learn their art and researchers develop the equipment and techniques that will save lives tomorrow. But all this comes at a fearfully high price-so high that many buyers in today's medical marketplace cannot or will not pay it. As a result, for all their supermodern machinery and fine medical pedigrees, the teaching hospitals are increasingly looking like institutional dinosaurs...

Author: /time Magazine | Title: TEACHING HOSPITALS IN CRISIS | 7/17/1995 | See Source »

Twenty years ago, two young cold warriors--one a U.S. Air Force fighter jockey, the other a Soviet test pilot--watched from opposite sides of the world as their countries staged a high-tech media event. The brief political thaw known as detente was in full flow, and high overhead the Apollo and Soyuz spacecraft were locked in an orbital tango. Their commanders reached through the spaceships' air locks for a symbolic handshake, amid much talk that the superpowers were going to move from the space race of the 1960s to a new era of space cooperation. Despite efforts...

Author: /time Magazine | Title: EMBRACE IN SPACE | 7/10/1995 | See Source »

...second wife Pegi live in soothing isolation on a ranch near San Francisco, a few miles from Silicon Valley. Their 16-year-old son Ben has cerebral palsy, and Young, who is fascinated by technology, has started a company that makes devices for the disabled, as well as high-tech toys. The firm is working on an improved wheelchair that Young helped design. Ben tests every device his dad's company makes. Says Young proudly: "He's a cool...

Author: /time Magazine | Title: MUSIC: NEIL YOUNG, GIFTED AND BACK | 7/3/1995 | See Source »

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