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...Chicago-Singapore hookup is a major step in the trend toward round-the-clock, round-the-world financial trading. Last July, officials of the New York and American stock exchanges announced that they were exploring the possibility of expanding their hours beyond the current 10 a.m. to 4 p.m. When the Chicago-Singapore link opened last week, trading was limited to futures contracts in Eurodollars, which are U.S. dollars deposited in foreign banks, and deutsche marks. Next month the exchange will begin trading futures in Japanese yen, and it may soon handle commodities like gold...

Author: /time Magazine | Title: Financial Futurities: Making a midnight Deal | 9/17/1984 | See Source »

Mary Plunkett, a sales coordinator for an Atlanta food company, complains that about 20% of the time the Sprint hookup "just refuses to work." Nevertheless, she adds, "But it saves us a substantial amount of money. That's the best incentive there is." Typically, tolls for both MCI and Sprint are less than...

Author: /time Magazine | Title: The Long-Distance Runners | 6/11/1984 | See Source »

...sorts of services usually taken for granted, or not thought of at all by ordinary users, may go up sharply. A house visit to install a phone would go from $10 to $12. The connection to the central office would jump from $25 to $50. Inside-wire hookup would go from $28.50 to $36, and phone-jack installation from $9 to $14. In addition, the company wants 1½%-a-month interest on bills not paid within 30 days...

Author: /time Magazine | Title: Letting Loose Some Monsters | 4/23/1984 | See Source »

...plant in Fremont, Calif. By 1986 the company hopes to import 300,000 cars built by Suzuki and Isuzu. Predicts GM Chairman Roger Smith: "Joint ventures are going to be a way of life." Chrysler, which last week filed an antitrust suit seeking to prevent the Toyota-GM hookup, imports four Mitsubishi models and will probably replace its aging Omni and Horizon models with a car built overseas. Says Chrysler Vice Chairman Gerald Greenwald: "The days of U.S.-based small-car production are coming...

Author: /time Magazine | Title: A Better Idea? | 1/23/1984 | See Source »

Since 1971, when the first Soyuz-Salyut hookup took place, about 30 flights have been launched. Over the years the space stations have set several impressive records, including the longest stint in orbit (211 days in 1982). Salyut 7, launched with great fanfare in April 1982, is the most sophisticated so far; weighing some 40 tons and outfitted with three docking ports, the beetle-shaped craft is designed to serve eventually as the core of a much larger complex. Two members of last week's hapless team, Vladimir Titov and Gunady Strakalov, were forced to return to earth after...

Author: /time Magazine | Title: Soviet Union: Wrong Stuff | 10/10/1983 | See Source »

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