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...creating elaborate waterborne palaces. Over the years, buying, building and chartering of yachts remained small and select, and in the late '70s, business hit bottom. Today the number of American-owned jumbos, over 100 ft. from stem to stern, is increasing from 80 in 1986 to 129, with the launch of 49 new yachts now under construction. More remarkable is that 33 of these yachts will be products of U.S. yards, rather than foreign competitors. Jumbo yachts sport a hefty price tag, ranging from $6 million to $50 million, depending on size and fittings. Annual maintenance...

Author: /time Magazine | Title: Living: High Life Afloat: Superduper Yachts | 9/7/1987 | See Source »

...thanks to its transformation under Editor Ivan Laptev into a lively collage of reporting and commentary. "For Soviet readers, Izvestia is the most interesting newspaper around," says Ogonyok's Biryukov. In early August the paper published an interview with a military officer whose duty it is to push the launch button at a nuclear missile center. Never before had a Soviet publication reported in such detail on a missile site and the men who operate...

Author: /time Magazine | Title: Press: Testing Glasnost's Boundaries | 9/7/1987 | See Source »

Sometimes franchisers launch a company simply by making an old product better. In 1982 Ted Rice, a Kansas City TV cameraman, brought home a cinnamon roll he had bought from a vendor and asked his wife Joyce, a schoolteacher, if she could make a tastier one. After she came up with a delicious specimen topped with streusel and a thin layer of vanilla icing, they tried selling her rolls at state fairs and arts-and-crafts shows. When long lines started to form, they knew they had a hit. The Rices opened their first T.J. Cinnamons shop in Kansas City...

Author: /time Magazine | Title: Franchising Fever | 8/31/1987 | See Source »

...future are being nurtured in a rapidly growing nationwide network of comedy clubs. A few big-city night spots, like New York's Improvisation (sister club of the Los Angeles version) and Los Angeles' Comedy Store, have for years served as a proving ground for young comics, helping launch the careers of Robin Williams, Joe Piscopo, David Letterman and dozens more. Now clubs with names like the Punch Line, Laff Stop and Funny Bone are spreading the yuks everywhere from Kalamazoo, Mich., to Ozark, Ala. At least 260 full-time comedy clubs -- ranging from posh nighteries like New York...

Author: /time Magazine | Title: Show Business: Stand-Up Comedy On a Roll | 8/24/1987 | See Source »

...weaponry, including .50- cal. machine guns, AK-47 assault rifles and homemade mortars. But the arms dump was also salted with rusty rifles and shells the Tigers would probably never use. The final turn-in rate might be as low as 40%. In that case, the Indian army may launch operations to ferret out hidden weapons...

Author: /time Magazine | Title: Sri Lanka Peace Flexes Its Muscle | 8/17/1987 | See Source »

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