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He is one of the highest-paid musicians in the world, commanding a fee of as much as half a million dollars for a single concert and never less than $100,000. "The Soviets can't afford me," he jokes, but Horowitz will receive about $2.5 million dollars for TV...

Author: /time Magazine | Title: Vladimir Horowitz: The Prodigal Returns | 6/21/2005 | See Source »

The logic of the American position eventually prevailed. The Glassboro meeting led to the Strategic Arms Limitation Talks (SALT). At a summit in Moscow in 1972, Richard Nixon and Leonid Brezhnev signed a pair of agreements embodying McNamara's recommendation to Kosygin at Glassboro: a treaty restricting antiballistic-missile defenses...

Author: /time Magazine | Title: The Long Road to Reykjavik | 6/21/2005 | See Source »

Bhutto explained her latest move as an attempt to avoid the "bloodshed and chaos [that might] lead to a takeover by another general." Opponents were quick to blame it all on Bhutto herself. A strong-willed aristocrat who was educated at Harvard and Oxford, she has had difficulty in unifying...

Author: /time Magazine | Title: Pakistan: No Shortcut: Benazir's strategic retreat | 6/21/2005 | See Source »

There was less ambiguity in the $2.8 billion merger offer made to limping BankAmerica (assets: $117 billion), headed by President and Chief Executive Officer Samuel Armacost, 47. The proposal from Joseph Pinola, 61, chairman of California's First Interstate Bancorp (No. 9 in the U.S., with assets of $50 billion...

Author: /time Magazine | Title: Takeover Tugs-of-War | 6/21/2005 | See Source »

Every reporter at the New York Times, newspaper wags like to say, remembers two birthdays: his own and Abe Rosenthal's. Next May 2 the Times's powerful executive editor reaches the paper's mandatory retirement age of 65, and speculation about who will succeed him at the helm of...

Author: /time Magazine | Title: Press: A Power Shift Within the Kingdom | 6/21/2005 | See Source »

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