Word: virtualization
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...rodding across the water, many young boatmen have towed water skiers into stumps or other boats; one small lake near San Antonio noted one death per week last summer. At Lake Lavon, near Dallas, speed demons and water skiers thundered down on so many defenseless fishermen that a virtual state of war existed. Shaken, splashed and enraged, the fishermen took to throwing heavy plugs and razored hooks at the water skiers; driven beyond restraint, one fisherman stood in his boat with a shotgun and threatened to blow the next boat that rushed him right out of the water...
...yuan's low estate is dramatic evidence of Peking's virtual bankruptcy and the urgent need to raise hard currency to pay for 233.4 million bu. of Canadian grain ordered last month (TIME...
SURROUNDING the elegant figure of the French painter who calls himself Balthus, there has always been an aura of mystery. He rarely exhibits his work, and he himself lives in virtual seclusion in a gloomy medieval chateau near Autun. He has shunned all of the schools that in successive waves have swept over Paris, but he can claim among his fervent admirers some of the most prestigious names in French art. One admirer is Pablo Picasso, who has a prized Balthus painting of two children in his Vallauris villa. Another is Minister of Culture André Malraux, who three months...
...world's most mysterious and powerful billionaire. Shrewd and ruthless, the shadowy figure of Juan March has floated across the face of Europe for more than half a century, bringing public officials low, underwriting dictators, helping to finance two world wars (on both sides), and buying himself virtual immunity from the law. With characteristic foresight, March bankrolled Dictator Francisco Franco's Spanish Civil War campaign. Today, still Franco's creditor and a powerful voice in Spanish affairs, he boasts a personal fortune that is said to match the U.S.'s entire foreign aid program to Spain...
Locked in a virtual Russian bear hug by geography and two valiant but lost wars, the Finns have kept a delicate independence by what President Urho Kaleva Kekkonen, 60, has called the ability "to live on fine distinctions." Last week, in one of the Finns' finest distinctions yet, representatives of Western Europe's economic Outer Seven gathered in Helsinki's Smolna Palace to sign a treaty with Finland creating the Finland Association-a legal fiction that enables Finland to be a part of the European Free Trade Area (EFTA) and share in the benefits of its lower...