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...though, is not the whole story. For the past 15 years, petrodollar- rich gulf states have provided a lucrative market for a vast array of Western products. Europe's export-dependent defense industries in particular have enjoyed a multibillion-dollar bonanza in the region. Although declining oil revenues in recent years have slowed the spending spree, the gulf remains an important market for West European and Japanese exporters. Last year British sales to the region were worth more than $8 billion, while French exports, excluding arms, brought in around $3 billion. The Japanese sold $6.8 billion in the region...

Author: /time Magazine | Title: Troubled Waters | 6/1/1987 | See Source »

...Certainly the Stark, a lightly armed escort vessel, had an impressive array of aerial defenses. The ship's Mk 92 fire-control system can guide an antiaircraft missile to intercept incoming aircraft up to 90 miles away. Closer in, its Italian-made OTO gun can fire 3-in. antiaircraft shells at a rate of 90 a minute, dealing sequentially with as many as three incoming intruders at a range of up to twelve miles. Rockets that spray radar- attracting aluminum chaff can divert incoming missiles, and the frigate's electronic defenses can deceive attackers by producing fake radar images...

Author: /time Magazine | Title: When Attackers Become Targets | 6/1/1987 | See Source »

...event's main attractions included Salisa, a middle eastern dancer from the Averof Restaurant who performed on a trailer-turned-stage, and an array of vendors hawking jewelry, clothing and art work from five continents...

Author: By Anil Shrivastava, | Title: Fourth May Fair Draws 5000 To Music, International Bazaar | 5/4/1987 | See Source »

While divestment remains the most pressing issue before the Overseers, this year's prodivestment candidates deserve credit for their progressive stances and apparent willingness to take action on a broad array of issues. That several of the 12 University-approved candidates used their election statements to proclaim positions on divestment and to comment on other substantial issues indicates a dissatisfaction with the unsubstantive campaigns of the past. Perhaps the time has ended when running Harvard was the exclusive affair of seven white men on the Corporation and those who thought precisely like them...

Author: NO WRITER ATTRIBUTED | Title: What Good Government Isn't | 5/1/1987 | See Source »

...offers welcome dollops of topical (if frequently toothless) political satire. Freshest of all is the engaging It's Garry Shandling's Show on Showtime, an unexpected hit that has just won a renewal for three more years. Meanwhile, the Cinemax Comedy Experiment has served as the umbrella for an array of inventive comedy specials. The best so far this year: Chris Elliott's Action Family, which skewered the cliches of two TV genres, private-eye dramas and sitcoms, by yoking them into one ludicrously mismatched half hour...

Author: /time Magazine | Title: Video: Ranting, Raving, Doing the Dishes | 4/27/1987 | See Source »

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