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...following year. Forecasts that far ahead, of course, are always risky, the more so given the still dicey international situation. But it is worth noting that if the expansion lasts even through the first two months of 2000, it will break the 1961-69 record and become the longest in U.S. history...

Author: /time Magazine | Title: Quarterly Business Report: Close Call | 12/21/1998 | See Source »

Returning to active management, Bechtel spent six months every year roaming the world, hobnobbing with kings, presidents and foreign business magnates, fishing for projects. Around 1947 he landed a whopper: construction of what was then the world's longest oil pipeline (1,068 miles), across Saudi Arabia. That was an early step in the building of a powerful economy as well as a fruitful relationship with Saudi kings. According to legend, on one trip to the kingdom Bechtel noticed the flames of natural gas being burned off at wellheads as he flew over. Surely, he thought, the wasted energy could...

Author: /time Magazine | Title: Stephen Bechtel: Global Builder | 12/7/1998 | See Source »

...once dreamed of taming the Yangtze, China's longest river, whose floodwaters have claimed the lives of millions. Officials expect this $24 billion dam to corral the river, giving their nation a great leap forward as it generates electricity for China's burgeoning cities and makes the river more navigable. But as with other great projects, there is controversy. Some see it as a disaster because it will endanger animal species, submerge ancient temples and drive 1.2 million people from their homes...

Author: /time Magazine | Title: Monuments of the Age | 12/7/1998 | See Source »

...shrewd promoter of his sport. He invented the Super Bowl, for example, and sold the rights to the first game to two networks (NBC and CBS), which forced them to compete for viewers. He invented (with ABC Sports chief Roone Arledge) Monday Night Football, which is the second longest running prime-time show on American television, after 60 Minutes. He exhibited a taste for kitsch and spectacle unrivaled in professional sports. He loved floats and glitter and marching bands. His idea of beauty was a balloon drop. (He did not, however, like the name Super Bowl. It was coined...

Author: /time Magazine | Title: PETE ROZELLE: Football's High Commissioner | 12/7/1998 | See Source »

1960s The cold war and the Vietnam War feed the military-industrial complex. This decade witnesses the longest period of sustained economic growth in U.S. history...

Author: /time Magazine | Title: The Business Of America | 12/7/1998 | See Source »

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