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...much has changed since you first started out as a reporter in the 1940s. What do you miss most? We were much closer to the President back then. We could walk down the street without 10 circles of security around. Now it's more difficult...

Author: /time Magazine | Title: White House Legend Helen Thomas | 10/15/2009 | See Source »

...Around the same time, Occidental was having problems. In the late 1960s the company bought Hooker Chemical Co. in a effort to diversify. But in the 1970s, allegations surfaced that toxic waste that Hooker dumped into the ground during the 1940s and early '50s was causing severe health problems in Niagara's Love Canal neighborhood. Oxy Pete needed cash to shore up this and other problems, and its CEO, Armand Hammer - flamboyant, powerful and ultimately corrupt - came up with a solution: raid the retirement kitty. Amazingly, this was legal at the time, and Hammer wasn't alone in doing...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

...signifying product and the city's houses and streets with nearly 2 million people. Of course, if you were black, it was substantially less wonderful, its neighborhoods as segregated as any in America. On the northwest side, not far from where I grew up, a homebuilder had in the 1940s erected a six-foot-high concrete wall, nearly half a mile long, to separate his development from an adjacent black neighborhood. Still, white Detroit believed that the riots that ravaged Los Angeles in 1965 and a number of other cities the following summer would never burn across our town. Black...

Author: /time Magazine | Title: Detroit: The Death — and Possible Life — of a Great City | 9/24/2009 | See Source »

...once been the most visionary of American unions. As early as the 1940s, UAW president Walter Reuther was urging the auto companies to produce small, inexpensive cars for the average American. In 1947 and '48 the union even offered to cut wages if the Big Three would reduce the price of their cars. But by the early 1980s, the UAW had entered into a nakedly self-interested pact with the auto companies. After the union's president joined GM's chief congressional lobbyist to defeat a tougher mileage standard in 1990, the lobbyist declared that "we would not have...

Author: /time Magazine | Title: Detroit: The Death — and Possible Life — of a Great City | 9/24/2009 | See Source »

...Edgar Hoover took on a "red menace" of radicals, anarchists and Bolsheviks. By 1920, the pair had arrested up to 10,000 alleged subversives. (Most cases were thrown out.) With the onset of the Cold War, fears flared anew. Indeed, the term socialized medicine was coined in the late 1940s by critics of President Harry Truman's national health-care plan. From 1945 to 1960, the House Un-American Activities Committee (HUAC)--which was founded in 1938 to hunt down suspected Nazi sympathizers--interrogated more than 3,000 people. And in 1950, Wisconsin Senator Joseph McCarthy launched his infamous witch...

Author: /time Magazine | Title: Brief History: Red Scares | 9/21/2009 | See Source »

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