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...highest price ever paid for a Manhattan skyscraper. The British, who burned Washington in 1814, have now built or bought an estimated $1 billion in District of Columbia property, including part ownership of the famed Watergate complex. Esteemed U.S. corporate nameplates are also changing citizenship at a rapid clip. Doubleday books has gone to the West Germans, Brooks Brothers clothiers to the Canadians, Smith + & Wesson handguns to the British, Chesebrough-Pond's consumer products to a Dutch-British combine. General Electric television sets have been bought by the French, Carnation foods by the Swiss, General tires by the West Germans...

Author: /time Magazine | Title: For Sale: America | 9/14/1987 | See Source »

...Drew Barrymore, and I'm pleased to begin the evening by presenting the Irving G. Spielberg Award to a man who, some say, has long deserved an Oscar as best actor. Perhaps for his starring debut, in which he courageously demolished racial stereotypes by playing a poor black child ((clip from The Jerk)). Or for the holy rage he summoned as he renounced Kathleen Turner with a ferocious "Into the mud, scum queen!" ((clip from The Man with Two Brains)). And who can forget his transsexual transcendence as a man inhabited by a woman ((All of Me)), or his searing...

Author: /time Magazine | Title: Sensational Steve Martin | 8/24/1987 | See Source »

...teenagers saw the rifle, three of them ran. But Kellie Mosier, 17, a lissome, bright-eyed high school junior who worked in an ice-cream store, never got a chance. As she turned to flee, Hagan began squeezing the trigger, methodically emptying all 15 rounds from the fully loaded clip. Just for kicks. Mosier was hit six times in the back...

Author: /time Magazine | Title: Life And Death With the Gangs | 8/24/1987 | See Source »

...Clip is the brainchild of Michel Jordi, 39, a former manufacturer of watch straps from tiny Grenchen, Switzerland. He and Heinz Peter Barandun, a former bank executive, along with two others, privately financed the project and started production only six months later. "We couldn't have done it if we had been a large company," says Barandun, now Le Clip chairman. "As a small group, we saw its potential and just went ahead...

Author: /time Magazine | Title: Clip-On Clocks Are Clicking | 8/17/1987 | See Source »

...While Le Clip is not likely to overtake Swatch anytime soon, the watch has already been honored by knockoff artists. Three factories producing Le Clip copies were recently closed down in Hong Kong. Company officials hope the half a million fakes in a crown colony cellar never see the light...

Author: /time Magazine | Title: Clip-On Clocks Are Clicking | 8/17/1987 | See Source »

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