Word: titanic
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Dates: during 1980-1989
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...Textile Titan. Many skeptical eyes are turned on William Farley, the physical-fitness buff who acquired Northwest Industries, the maker of Fruit of the Loom products, for $1 billion in 1985. Last February Farley took over textile giant West Point-Pepperell in a $3 billion raid that included $1.6 billion of junk-bond financing. A fellow raider calls Farley's debt a "time bomb." While Farley once joked that "we're doing fine, except that the banks expect us to pay them back," he now refuses to discuss his finances or the subject of raiding. Says he: "I'm staying...
When cable-TV titan Ted Turner bought a 110,000-acre Montana cattle ranch for $22 million earlier this month, his new neighbors suspected ulterior motives. They imagined that Turner, who earlier had bought 21,000 acres nearby, might carve up the scenic Rocky Mountain property for homesites or even sell part of it to a New Age cult...
TOLSTOY by A.N. Wilson. One of Britain's most accomplished comic novelists tackles a profoundly somber subject: a literary titan's turbulent relationships with God, Russia and women...
...approach in pre-Challenger days. NASA initially promoted the shuttle as a routine "space truck," an efficient, economical transport vehicle capable of lofting any payload -- commercial, scientific or military -- into orbit. Washington succumbed to that pitch, allowing NASA to decree ! that expendable rockets such as the Delta, Atlas and Titan be phased out in favor of the shuttle...
...Challenger explosion confirmed what some critics had been saying from the outset: the U.S. had grievously miscalculated in putting all its space eggs into the shuttle basket. The Pentagon, long suspicious of the shuttle's reliability, wrangled appropriations from Congress to build eleven Titan 34-D rockets for military missions. The nation's scientists, for their part, despaired as the eagerly awaited shuttle launch of the Hubble space telescope, which could revolutionize astronomy by extending our view to the edges of the universe, fell years behind schedule. Crucial deadlines were missed for shuttle launches of the planetary probes Magellan, designed...