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Howard Baker, the former Senator and a lawyer himself, often deplored the professionalization of Congress, which has insulated it from the marketplace. If legislators were steel fabricators or computer salesmen and only part-time politicians, they would be far more careful with the public's money. A member of Congress may not get wealthy on a salary of $96,600 (House) or $98,400 (Senate), but it's enough to relieve anxiety. Pensions are fat and perks numerous. Then there are the unspent campaign kitties: Dan Rostenkowski, chairman of the House Ways and Means Committee, the man who shapes...

Author: /time Magazine | Title: The Presidency: What, This Crowd Worry? | 5/28/1990 | See Source »

Operating out of a steel-and-glass Houston skyscraper once owned by a failed thrift, Pankau, 44, directs his own agency, Intertect. (Its fee: $60 to $100 an hour.) Pankau's 30 investigators assemble financial profiles of S&L scoundrels who have bled their institutions dry through bad loans and insider dealings. Often court judgments are pending against the culprits, but the regulators or new banks holding the bad notes need to know whether the assets are sizable enough to pursue. "These are world-class con men who were just as sophisticated in hiding their money as they were...

Author: /time Magazine | Title: If The Loot's There, He'll Find It | 5/21/1990 | See Source »

...instead of canceling the project, the authorities transferred responsibility to the Ministry of Medium Machine Building. One scientist taunted me: "Do you know who's in charge of the murder of Baikal? Your own Slavsky!" New plans were drawn up for earthquake-resistant aluminum-and-glass buildings supported by steel piles. But the buildings are still vulnerable to the major earthquakes that have occurred there once or twice a century...

Author: /time Magazine | Title: Sakharov: Who Murdered Lake Baikal? | 5/21/1990 | See Source »

...uses no fossil fuels, does not pollute the atmosphere and is a great form of exercise for this fitness-crazed era. But in the age of high tech, bicycles have long seemed old-fashioned, a classical conveyance stuck with a century-old design: two equal-size wheels, a welded steel frame, manual gear shifting, pedals and a chain. While cars have loaded up with electronic gadgetry, bicycles have watched the wheels of progress roll...

Author: /time Magazine | Title: Technology: Reinventing The Wheel | 5/7/1990 | See Source »

...decades, engineers struggled to strengthen frames while making them lighter. That task seemed impossible until manufacturers turned to materials used for jet fighters and missiles. Frames constructed of aluminum, titanium, carbon fiber and various metal combinations have proved to be stronger, stiffer, more shock absorbent and lighter than steel ones. The popular Kestrel frames from Cycle Composites, based in Watsonville, Calif., are made of molded carbon fiber. One-piece and aerodynamically designed, they are stronger and up to 1 kg lighter than premium steel frames...

Author: /time Magazine | Title: Technology: Reinventing The Wheel | 5/7/1990 | See Source »

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