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...global competition in the tire industry has intensified, overseas firms have rolled over their U.S. rivals and acquired many of them. In the past two years, such brands as Firestone and General Tire have been taken over by foreign manufacturers. Last week the U.S. ranks were further deflated when France's Michelin Group reached an agreement to take over Uniroyal Goodrich for $1.5 billion. The deal leaves Goodyear the last major U.S. contender...

Author: /time Magazine | Title: TIRES Gulp!: It's the Michelin Man | 10/2/1989 | See Source »

...like the health-care industry, must either contain costs now or risk becoming the monopoly of the wealthy, a condition that would be socially undesirable. The alternative is ever increasing prices, with the cost spread among parents, students, federal and state government, and private donors. Quality, as educators never tire of saying, costs money -- and there is no easy solution. Laments Frederick Bohen, senior vice president at Brown University: "We're talking about a bunch of lousy choices...

Author: /time Magazine | Title: Education: Sticker Shock at the Ivory Tower | 9/25/1989 | See Source »

Acquaintances described DeLisle, who earned $31,200 a year as a service manager for a tire store, as hardworking and quiet. His wife, who had studied criminal justice in college, was rarely seen without the children. Wyandotte + police chief Edward Rothermal assured the Detroit Free Press, "This was a loving couple, good family people." Hundreds of area residents left toys and flowers at the accident site, in memory of the lost children and in sympathy for the parents...

Author: /time Magazine | Title: A Father Lifts His Burdens | 8/28/1989 | See Source »

With split-second timing, the rod tip is lifted and the battle begun. Since the fly is attached to the line with a gossamer-thin tippet, a fisherman must use the long, sensitive rod to tire the trout as it surges and runs, leaps and sometimes literally walks across the water's surface on its tail. There is no mistaking this magic. The fish explodes again, up through a silver shower of water, shaking its head in an effort to throw the hook. You notice the color. It is gorgeous, almost surreal. The trout's meaty flanks sport outrageous spots...

Author: /time Magazine | Title: Sport: Zen and The Art of Fly-Fishing | 8/7/1989 | See Source »

...economy, desultory even in the best of times, is now virtually shut ! down. Automobile, tire and auto-parts production have come to a stop. Ranchers have halted delivery of cattle because they are being paid with uncashable checks. The government cannot print money fast enough, so a severe cash shortage has prompted bank closings. Because the austral has lost 90% of its value since February, most people try to conduct their business in U.S. dollars, although it is now illegal to do so. According to private estimates, what is left of the economy runs on $500 million worth of austral...

Author: /time Magazine | Title: The Fall and Fall of Argentina | 6/12/1989 | See Source »

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