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Signs of discontent are already evident. Leftist unions have been stepping up their demands of the government. The Communist-led Confédération Générale du Travail, for example, is holding out for an immediate reduction in the work week from 40 hours to 38; Mitterrand is offering 39. A crowd of 3,000 ecologists staged a violent demonstration two weeks ago at Golfech, in southwestern France, to charge Mitterrand with reneging on his campaign pledge to curtail new nuclear-plant construction...

Author: /time Magazine | Title: France: Tending a Neglected Backyard | 12/21/1981 | See Source »

With stunning swiftness, the $6.5 billion battle between Mobil Corp. and U.S. Steel for control of Marathon Oil turned nasty last week. Mobil, still frustrated and angry over its defeat by Du Pont earlier this year in the struggle to take over Conoco, seemed on the brink of losing again. Then Mobil suddenly went on the offensive with a daring ploy. The oil company announced that it intended to buy up to 25% of its bidding rival, U.S. Steel. Said one banker involved in the dealing: "They have tried to put a gun on the head of U.S. Steel...

Author: /time Magazine | Title: Clash of the Titans | 12/21/1981 | See Source »

...despite those troubles, U.S. Steel last week announced that it was offering about $6.4 billion in cash and notes to acquire Marathon Oil, the 17th biggest American petroleum company. The deal ranks just behind last summer's successful $7.3 billion bid by Du Pont, the chemical giant, to buy Conoco, the ninth biggest American oil firm. Critics immediately began charging that U.S. Steel should be using the money for its own development. Lionel Olmer, Under Secretary of Commerce for International Trade, said that the agreement "calls into question the seriousness of the steel industry's efforts to modernize...

Author: /time Magazine | Title: Marathon's Run | 11/30/1981 | See Source »

...What has become of the sweet voice that made its owner the most affecting Rodolfo of his generation in Puccini's La Bohemel What has befallen the technique that allowed Pavarotti to toss off the famous nine high Cs in an aria from Donizetti's La Fille du Regiment with the effortless abandon that marks only the greatest tenors? What has happened to the suave phrasing and sure sense of style, which made his recording of Nessun dorma from Turandot an example to musicians everywhere? Have Pavarotti's duties as operatic emissary to the world begun...

Author: /time Magazine | Title: Music: What Price Pavarotti Inc.? | 11/30/1981 | See Source »

...hundreds will soon begin bringing in documents. Among the largest claims to date: $50 million by the Houston firm of Brown & Root for the construction of shipyards and naval bases; $100 million by General Telephone & Electronics for the development of a telecommunications switching network; and $118 million by E.I. du Pont de Nemours for the building of a synthetic-fiber plant...

Author: /time Magazine | Title: Unfrozen Assets | 11/2/1981 | See Source »

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