Word: yet
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Dates: during 1990-1990
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...leaves painful memories of death and destruction. Yet, as George Santayana wrote, those who cannot remember the past are condemned to repeat it. Last week the clock ticked on for the opposing armies in the Persian Gulf, and some of the correspondents who covered Vietnam for TIME during the fighting there reflected on lessons from that conflict and how they might be applied to our coverage of the gulf crisis...
...thing all shades of opinion agree: the war that may begin in about six weeks would involve so many weapons never before fired in anger, and so many strategic and tactical doctrines never yet pushed to the ultimate test, that it would be unlike any ever fought before...
Matsushita is cautious but forward looking. The company has never had Sony's cosmopolitan polish, yet it was Matsushita's subsidiary JVC that developed the original VHS video technology in 1976. Tanii, then the youthful chief of Matsushita's fledgling VCR division, convinced his superiors that consumers would choose VHS over Sony's Betamax if they could also buy compatible videotaped entertainment...
Other global entertainment deals are being done almost daily. Last week the Japanese electronics maker Pioneer bought the Japanese rights to all Carolco films, which include the Rambo series and Total Recall. Yet control of the remaining three U.S.-owned studios seems likely to remain in American hands. To reduce its $11 billion debt load, Time Warner is looking abroad for partners to take minority stakes in some of its entertainment subsidiaries. "We agree with Matsushita's concept ((of globalization)), but we disagree % with the execution," says Time Warner chairman Steven Ross. "Parent companies should keep their national identities...
...what stands in the way? There's still the American Medical Association, of course, which has yet to catch up to its physician constituency. But the interest group that arguably has the most to lose is the health-insurance industry, which spends more than $1 million a year to forestall any thoroughgoing government action. And why not? The insurance industry already enjoys a richly rewarding, gruesomely parasitic relationship to the public health domain. In broad schematic outline, it goes like this...