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...November 1985, when a Texas jury issued a $10.5 billion judgment against Texaco for inducing Getty Oil to break a merger agreement with Liedtke's Houston-based firm. Shortly before the bankruptcy, Texaco filed an affidavit in a Texas appeals court claiming that any settlement over $500 million would trigger defaults. Liedtke, on the other hand, said he turned down a Texaco offer of $2 billion two weeks ago. Liedtke wanted more like $4 billion to $5 billion and felt confident he could get it after a 9-to-0 Supreme Court decision that week referred the legal war back...

Author: /time Magazine | Title: A Break in The Action | 4/27/1987 | See Source »

...most distressing revelation for the American President is that he really does not control the trigger. "I hope you realize, Mr. President," an aide says, "that you're not the only one who can release nuclear weapons." Launch authority devolves on the President's 15 constitutional successors (including, ultimately, the Secretary of Housing and Urban Development and the Secretary of Transportation) and also on the National Military Command Center, the Strategic Air Command, and a "looking glass" airborne command center. "They all can launch if you're incapacitated," the aide tells the President. Then, ominously, he adds, "As a practical...

Author: /time Magazine | Title: How Many Fingers on the Button? | 4/20/1987 | See Source »

...Kenneth Cribb will be the primary custodian of the conservative flame as White House director of domestic affairs. A close adviser to Meese for seven years, both in the White House and at the Justice Department, Cribb, 38, has a reputation as a tough ideological infighter with a hair-trigger temper. Conservative Columnist William Buckley recently lauded him as an "arrestingly bright young man." Cribb seems destined to supplant Gary Bauer, a conservative intellectual who was recruited from the Education Department as a ranking domestic adviser in the waning days of the Regan regime. "Gary will continue to formulate domestic...

Author: /time Magazine | Title: The President's New Men | 4/6/1987 | See Source »

Despite Gorbachev's obvious preference for allies who think and act the way he does, he knows that he cannot impose all his initiatives on the satellites. But he can nudge them along. In the process, he may trigger an early changing of the elderly guard in Eastern Europe. Thus his message is, in effect, not simply "Do as I do," but an ultimately more demanding "Do what suits you, but make sure it works...

Author: /time Magazine | Title: Eastern Europe: Worried and Nervous | 3/9/1987 | See Source »

While Spencer's discovery cannot directly explain the cases of the San Francisco 49ers or the Ohio schoolteachers, it does lend credence to the notion that something toxic in diet or environment can later trigger ALS. Indeed, over the years, a befuddling array of culprits has been suggested. They include infection with poliovirus, exposure to heavy metals, employment in the plastics industry and a history of traumatic injuries...

Author: /time Magazine | Title: Medicine: Probing A Mysterious Cluster | 2/23/1987 | See Source »

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