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...biggest single asset is Rockefeller Center, the eight-block, 17-building office complex in New York City that celebrated its 50th anniversary last year. While the center reportedly generates revenues of $500 million a year, its 1981 profit was only $20 million. The Rockefellers have tried several schemes to wring more cash out of the complex and last year had even arranged to sell an interest in the center, but the deal fell through. Other family ventures include office buildings in Phoenix, Detroit and Newark, a paper and plastics manufacturer, an oil and gas company, the New York City-based...

Author: /time Magazine | Title: Dividends: Money Worries | 5/16/1983 | See Source »

...fictional narrator who has combined the "televisualized" Freud, the tin-pan Trotsky and the Shakespearean Star Trek starts to muse. In the future, as in the past, he decides, only one question has real pertinence: What aspects of civilization are worth carrying on? One implicit answer: the ability to wring harmony from dissonance, to create a work of the imagination from disparate and unpromising materials. Example: The End of the World News, a trio made from the detritus of history and scifi...

Author: /time Magazine | Title: Books: Dividing Gall into Three Parts | 3/21/1983 | See Source »

According to Mondale himself, however, recovery of the American auto industry will require leaving the trade barriers in place for a decade or more, regardless of whatever concessions we can wring from the rest of the world. To suppose that other countries won't retaliate--as proponents of the Domestic Content Bill insist--is ludicrous. The dollars that Americans spend on Japanese cars are ultimately spent by the Japanese on American exports. If we stop importing their cars, they will undoubtedly prevent us from exporting something else (whatever threatens their own industries most) and our growing, successful industries will suffer...

Author: By David V. Thottungal, | Title: Auto-Immunity | 2/24/1983 | See Source »

Even with all these plans, the deficit would remain frighteningly large. The military-spending reductions and partial freeze on civilian programs, in combination with social-spending cuts that Reagan still hopes to wring out of Congress, would whack about $40 billion out of expenditures in the next fiscal year. But that would still mean spending roughly $175 billion more than the Government could hope to collect in taxes. That deficit would be barely below the $180 billion to $185 billion now expected in fiscal...

Author: /time Magazine | Title: Down with the Deficits | 1/24/1983 | See Source »

Sheriffs deputies and state troopers launched an extensive land-and-air search. Melvin Grafton, 49, a nephew, hired a local water dowser to wring what tips he could from a road map. Nothing worked. Just when everyone was braced for the worst, state police located the elderly couple in Alton, Ill., 160 miles south of Carman. Everyone assumed the Graftons were lost. Not at all, said Russell. "I don't understand what the fuss is about. We were just traveling around...

Author: /time Magazine | Title: Americana: Driving 'Em Crazy | 1/17/1983 | See Source »

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