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...18th Congressional District in central Illinois. Now Peoria seems to be having its doubts. Long a pocket of prosperity in America's heartland, the region is reeling from depressed farm prices and 16% unemployment. The Pabst brewery and the Hiram Walker distillery have left town, and giant Caterpillar Tractor alone has laid off 8,000 workers. So Michel, 59, the House minority leader and President Reagan's high-profile point man on Capitol Hill, is in an unexpectedly tight race with a relative unknown, Democrat G. Douglas Stephens. Michel has paraded through town on an elephant, courted Kiwanis...

Author: /time Magazine | Title: The House: Pipeline and Out of Line | 10/25/1982 | See Source »

Small wonder. Michel is widely blamed in his home town for failing to change Reagan's mind about U.S. sanctions against the Soviet gas pipeline. This Reagan decision cost Caterpillar an $85 million contract for pipelaying equipment and shifted future contracts to its leading rival, Japan's Komatsu. Michel later broke publicly with the President on this issue, but he has not otherwise sought to distance himself from the Administration. Says Michel: "Ronald Reagan is not a problem for me or for the country...

Author: /time Magazine | Title: The House: Pipeline and Out of Line | 10/25/1982 | See Source »

...STRANGE woman's bed and clutching at the loose ends of his emerging consciousness, Peter O'Toole looks gloriously dissipated. His long face, rough hewn by the careless chisel of time, barely resists the pull of gravity; even his mustache threatens to slide off his upper lip like a caterpillar from a branch...

Author: By Jean-christophe Castelli, | Title: Not Exactly Vintage | 10/14/1982 | See Source »

Bankruptcies among farmers are creeping upward; the Farm Credit Administration liquidated 1,024 of the 650,000 loans during the first quarter of 1982, almost double the number in 1981. Manufacturers of farm machinery are directly affected: International Harvester expects to lose $1 billion this year, and Caterpillar Tractor Co. has laid off 17,500 of its 52,700 U.S. workers, including 8,000 in June alone. Other sufferers are the fertilizer companies, whose sales are off sharply for the first time in seven years...

Author: /time Magazine | Title: Very Down on the Farm | 8/16/1982 | See Source »

Today, the desert terrain is animated by Caterpillar tractors, huge construction cranes hovering over the metal skeletons of warehouses and the rising silhouettes of four mini-Astrodomes that will serve as petrochemical storage tanks. A seemingly endless procession of huge earth movers trundles sand and rock to the water's edge, where the fill is used to extend an immense quarter-mile-wide causeway, one of the largest landfill operations of its kind. When completed in 1985, the six-mile-long causeway will provide berths for up to 18 ocean-going cargo ships at a time. At its farthest...

Author: /time Magazine | Title: The Jubail Superproject | 7/12/1982 | See Source »

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