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Silicon Valley: the place is synonymous with bright ideas, fresh fortunes and sunny forecasts. But right now the mood in this region 40 miles southeast of San Francisco suggests a name like Gloomy Gulch. Gone are the days when development spread like brush fire across the region and upstart businesses leaped from garages to the FORTUNE 500. Absent are the fuzzy-cheeked genius entrepreneurs, the companies hungry for workers and a city so wealthy it once considered giving back $1 million in tax revenues to its citizens. Says Lawrence Stone, a city councilman in Sunnyvale, which no longer...

Author: /time Magazine | Title: How Gray Is My Valley | 11/18/1991 | See Source »

...house of Chanel has lent its great international cachet to upstart denim. German-born couturier Karl Lagerfeld's romance with the fabric is a weapon in his war against what he calls "the diktats of fashion," whereby certain garments and accessories can be worn only in particular settings -- silk for splendor, denim for fun. In his designs for Chanel, the maestro is mixing up materials -- tweed, denim, grosgrain -- with such sleight of hand that some of his efforts look more formal than his variations on the house's classic...

Author: /time Magazine | Title: Denim Goes Upscale | 9/2/1991 | See Source »

Letter-writing used to be an art form. From Roman times to the late 1800s (when that upstart Bell ruined every-thing) every literate person kept up some sort of correspondence. St. Catherine of Siena wrote to the pope, telling him not to be such a wimp. Gibbon wrote to the poet Pope telling him his poems didn't scan. Columbus wrote to every member of the royalty in Europe, begging for money...

Author: By Liam T. A. ford, | Title: Mail Dominance | 5/17/1991 | See Source »

...Wunsch's, and it is as much as 90% lower than normal commissions and fees. That has investors excited and stock exchanges worried. The exchanges, notably the N.Y.S.E., are particularly afraid of losing the big institutional investors that account for most trading. In an unavailing effort to stop the upstart system, five exchanges petitioned the Securities and Exchange Commission, charging Wunsch with unfair competition and violation of securities laws. Unuttered was perhaps their biggest fear: obsolescence...

Author: /time Magazine | Title: Bidding Their Brokers Goodbye | 5/13/1991 | See Source »

Slap. Slap. Slap. With the finality of the sound of the last magazines hitting the floor at night just before the lights go out, upstart publications are falling victim to hard times. In the past few weeks four notable consumer magazines have folded, mostly because of a slump in advertising sales. Egg, which premiered last February a week before the death of doting founder Malcolm Forbes, dimmed along with the trendy bicoastal night life it chronicled. And publisher Steven Greenberg closed Fame, which had covered celebrities for two years...

Author: /time Magazine | Title: MAGAZINES: Subscription Canceled | 1/21/1991 | See Source »

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