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Later that day, I read in the Washington Post, "Japanese to Buy 75 Percent of 7-Eleven Chain." They've gotten to 7-Eleven, that most American of all American institutions! It's even worse that I had thought. The Japanese aren't just thrashing us economically, they're trying to buy our national treasures. Before we know it, they'll get to McDonald...

Author: By Betty Hung, | Title: Will Japan Buy Harvard Too? | 4/9/1990 | See Source »

Semtex's most famous target was Pan Am Flight 103, which exploded over Lockerbie, Scotland, in December 1988, killing all 259 on board and eleven people on the ground. Scottish officials have concluded that a terrorist group called the Popular Front for the Liberation of Palestine-General Command blew / up the plane by concealing Semtex in a radio-cassette player and smuggling it aboard in a suitcase. Semtex is also thought to have been used to destroy a French DC-10 over the Sahara last September, killing 170 people. While visiting London last week, President Vaclav Havel acknowledged that...

Author: /time Magazine | Title: Czechoslovakia The Arms Merchants' Dilemma | 4/2/1990 | See Source »

Ultimately, Hazelwood's fate turned on one question: whether he was drunk at the time of the accident. Witnesses testified that they had seen the captain drinking in Valdez bars on the afternoon before his ship set sail. The prosecution also introduced tests taken eleven hours after the crash that showed Hazelwood with a blood-alcohol level of 0.061%, higher than the Coast Guard's 0.04% limit for a seaman operating a moving vessel. But Hazelwood's lawyers suggested he might have imbibed after the accident occurred to settle his badly shattered nerves. The captain never took the witness stand...

Author: /time Magazine | Title: First Mess Up, Then Mop Up | 4/2/1990 | See Source »

...stable than at home. Says Nomura's Koo: "We got into this mess because Japanese investors were always moving money abroad." Example: Ito- Yokado, a Japanese supermarket chain, agreed last week to pay $400 million for a 75% stake in Southland Corp., the Dallas-based operator of the 7-Eleven chain of convenience stores. At the same time, Japanese investors have developed a case of "Europhoria" about opportunities on the Continent, thanks in part to the sudden rise of capitalism in Eastern Europe...

Author: /time Magazine | Title: Pop! Goes the Bubble | 4/2/1990 | See Source »

...cafeteria at Chicago's Morgan Park High School was jammed, and tempers were rising. Only a week earlier, the school's new eleven-member, parent-led governing council had voted not to renew principal Walter Pilditch's contract. The move had sparked violent protests among students, parents and teachers, resulting in seven injuries and ten arrests. Now council president Calvin Pearce was gamely trying to get on with other pressing matters...

Author: /time Magazine | Title: Education: Parent Power's First Big Test | 3/26/1990 | See Source »

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