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Gorbachev provided the clearest outline of his agenda in his 30-minute acceptance speech to the Central Committee the day he took office. He offered no strikingly new programs or proposals. His emphasis was on continuity. Said Gorbachev: "The strategic line, worked out at the 26th Party Congress (and) at the subsequent plenary meetings of the Central Committee with the vigorous participation of Yuri Vladimirovich Andropov and Konstantin Ustinovich Chernenko, has been and remains unchanged...

Author: /time Magazine | Title: Soviets: Ending an Era of Drift | 3/25/1985 | See Source »

...were assured that their company would remain under local control; yet some jobs will probably be lost. Shareholders saw the price of their Phillips stock rise from less than $40 when the battle began to the mid-50s in December and close last week at 49 3/ 8. The clearest winners were the raiders. Centimillionaires already, they became richer still. Pickens and his partners walked away with an $89 million pretax profit, while Icahn will gain at least $50 million for 30 days of high- pressure maneuvering. Said he: "I'm happy the shareholders benefited. But I'm no Robin...

Author: /time Magazine | Title: The High Price of Freedom | 3/18/1985 | See Source »

...seemed to think that selling anything that he originally purchased represented a slap in the face." Some Wall Streeters believe it was not until Geneen left the board in May 1983 that Araskog, a West Point graduate who grew up on a Minnesota farm, could assume full command. The clearest signal that he was committed to major divestitures came last August, when ITT sold Continental Baking, which makes Wonder bread and Twinkies, to Ralston Purina for $475 million...

Author: /time Magazine | Title: An Incredible Shrinking Giant | 1/28/1985 | See Source »

Along time coming. Too long, by any reckoning, to wait for a new record by a man who has written some of the clearest, most enduring songs in all of rock. But Centerfield, John Fogerty's first album since 1975, sounds as if he has never been away: out of time but never out of touch. His music always seemed timeless anyhow, torn out of some imaginary territory in rock's persistent musical past, and it always seemed natural. It still does. Only it has all come very hard...

Author: /time Magazine | Title: Music: High Tide on the Green River | 1/28/1985 | See Source »

...press last week by Treasury Secretary Donald Regan in the form of a chart-studded, 262-page booklet (with two fat volumes still to come), puts more flesh than ever before on ideas that would-be tax reformers have been kicking around since the 1950s. It gives Americans their clearest idea yet of who might be helped and who hurt by a thoroughgoing rewrite of tax codes aimed at trading the elimination of most exemptions, deductions and preferences for deep slashes in tax rates...

Author: /time Magazine | Title: Up Go the Trial Balloons | 12/10/1984 | See Source »

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