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...case focuses on $12.5 million that investors put up for research and development of the DeLorean, a sleek, stainless-steel sports car with distinctive gull-wing doors. The indictment charges that beginning in 1978 DeLorean funneled much of that money into a mysterious Panamanian company called GPD Services, which in turn deposited the funds at the Pierson Bank in Amsterdam. Eventually, $8.9 million went from that bank into DeLorean's personal account at New York's Citibank. Of that amount, the indictment says, DeLorean used $7.5 million to buy Utah-based Logan Manufacturing, which makes equipment for maintaining ski slopes...

Author: /time Magazine | Title: Another Roadblock for a Dreamer | 9/30/1985 | See Source »

During the 1950s, TV series without continuing characters or story lines, such as Playhouse 90 and The U.S. Steel Hour, provided some of prime time's most illustrious moments. In 1985 this kind of liberation from a rigid weekly format offers viewers a new and welcome sensation: the feeling that on any given week, they might be shaken from their easy chairs by the sight of something totally unexpected...

Author: /time Magazine | Title: Video: Old Habits, New Formats | 9/23/1985 | See Source »

...remain underwater indefinitely. Essentially, it is a 16-ft.-long cage fashioned to protect a clutch of strobe lights, side-scanning sonar devices and an array of cameras from marine flotsam. The entire contraption is tied umbilically to the mother ship by a thick steel cable. When sonar patterns signal an interesting feature, the video cameras can be commanded to zoom in on the object. The images they pick up are relayed instantaneously through the cable to computers and video screens in the ship above, providing scientists with an Argo's-eye view of the bottom...

Author: /time Magazine | Title: Science: Argo's Golden Feat | 9/16/1985 | See Source »

...hands have a variety of specific functions. The right often holds the steel-rimmed glasses, occasionally manipulating them when Gorbachev pauses to search for a word. The left hand talks. It can lecture, pointing with one finger, or declaim with the palm up, or thump with its edge on the table, karate style, but always quite gently. It is seldom still. Sometimes both hands work together, the fingers clasped, drumming the table for emphasis...

Author: /time Magazine | Title: An Interview with Mikhail Gorbachev | 9/9/1985 | See Source »

...melodies on Little Creatures, released a couple of months ago and cruising into the upper regions of the charts, are all smooth sailing. Eric Weissberg, of Dueling Banjos fame, even puts in a guest appearance, playing a steel guitar on Creatures of Love that makes it sound like an Eagles tune. There is a Cajun accordion on Road to Nowhere and enough unashamed tunesmithing all around to set toes to tapping and get the Top 40 a little loosened...

Author: /time Magazine | Title: Music: The Heads Are Rolling | 9/2/1985 | See Source »

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