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...Protestant conglomerates of varying wealth and influence. The gaudiest is scandal-tarred PTL: proceeds from all operations in 1986 came to $129 million. PTL is currently run by Fundamentalist Jerry Falwell, 53, who also telecasts weekly services from his own 22,000-member Baptist church in Lynchburg, Va., and operates Liberty University, a 7,500-student institution, and a 1.5 million-subscriber cable system, the Liberty Broadcasting Network. Annual proceeds from Falwell's ministry amount to about $84 million. In Baton Rouge, La., Pentecostal Jimmy Swaggart, 52, has his 4,300-member local church, plus daily and weekly TV shows...

Author: /time Magazine | Title: Religion: Enterprising Evangelism | 8/3/1987 | See Source »

Someone apparently less confident, though, was Televangelist Jerry Falwell. The Lynchburg, Va., preacher, who took control of PTL after Jim Bakker's March 19 resignation, looked grim as he faced studio cameras later in the week on PTL's regular morning television show. Falwell told viewers that donations had taken a nosedive since PTL formally filed for bankruptcy on June 12. If $1.75 million is not raised by July 31, he announced, PTL might be forced to stop broadcasting on some of the 161 stations that, for a fee, carry the ministry's born-again message. Said Falwell: "There...

Author: /time Magazine | Title: Religion: God and Money | 8/3/1987 | See Source »

...cavernous store in the Washington suburb of Dale City, Va., thousands of shoppers lined up last week with box-laden carts at a battery of check-out counters. A supermarket perhaps? Or a Toys "R" Us store? No, these bargain hunters were buying furniture. The boxes of all shapes and sizes contained build-it-yourself kits for assembling everything from chairs to cabinets. It may seem an odd way to furnish a house, but not to the throngs of customers who were grabbing, hauling and finally staggering out of the store...

Author: /time Magazine | Title: The Store That Runs on a Wrench | 7/27/1987 | See Source »

Some of North's deceptions were neither humorous nor motivated by lofty concerns about saving anything but his own skin. He admitted taking "hundreds of pages" of papers and many of his spiral-bound notebooks out of secure NSC offices to his home in suburban Great Falls, Va. Noting that North had complained about the lack of security at his house, Liman asked why he would do this. Back came the up-front answer: "To protect myself...

Author: /time Magazine | Title: The Fall Guy Fights Back | 7/20/1987 | See Source »

...depending on prayer as much as legal advice. "His faith in the Lord is his backbone right now," says his sister Patricia, who lives in California. Though he still considers himself a Roman Catholic, North now attends the Church of the Apostles, an Episcopalian congregation in Fairfax, Va., known for such charismatic practices as faith healing and speaking in tongues. North has told his fellow churchgoers about how, at Camp Lejeune in 1978, he suffered a sudden bout of back pain. An officer knelt before him, laid on his hands and "healed...

Author: /time Magazine | Title: True Belief Unhampered by Doubt | 7/13/1987 | See Source »

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