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Because duPont Glore Forgan's only data-processing customer is Walston, Perot's original Wall Street possession will probably soon be dissolved as well. Walston is trying to find other brokerage firms to assume the leases on its branch offices and its more than $350,000-a-month Lower Manhattan headquarters. So far, it has come up with takers for at least 71 offices. Many of Walston's 4,000 employees will probably be retained by the new managements; customers, if they wish to, can pick up their holdings at Walston and follow their old broker...

Author: /time Magazine | Title: WALL STREET: Perot's Orderly Retreat | 2/4/1974 | See Source »

...year-old Henry Carag. Though they charge less than most doctors for their services ($8 for the first visit, $6 thereafter), the two men are beginning to pay their own way. When the clinic opened in May, the hospital was paying each of them a full $3,000-a-month subsidy to fulfill the guarantee; it is now down to $2,100, and the hospital estimates that by next year the doctors will be earning their entire salary from the community. The physicians are motivated by more than their paychecks in working long past the closing hours posted outside...

Author: /time Magazine | Title: Medicine: Reaching the Ghetto | 11/12/1973 | See Source »

Parts of the Arab oil strategy are still unclear. The communiqué from Kuwait, for instance, left deliberately vague the political conditions under which the 5%-a-month production cuts would be restored; it made no attempt to define "Palestinian rights." Further, the Arabs promised to slash shipments only to "unfriendly" countries. That pledge is impossible to carry out because the Arabs have little control over where oil goes once it leaves their ports...

Author: /time Magazine | Title: OIL: Unsheathing the Political Weapon | 10/29/1973 | See Source »

Some Western diplomats and oilmen thought that the production cuts were about the most modest that the Arabs could have agreed on. In fact, before settling on the 5%-a-month formula, the Kuwait conference rejected proposals for a three-month total shut-off of oil exports and for an immediate 50% reduction in production...

Author: /time Magazine | Title: OIL: Unsheathing the Political Weapon | 10/29/1973 | See Source »

...lots for $50 down and $50 a month-and to put the first $50 check in the next mail-with the promise that the buyer can quickly resell the land for a huge profit. Excerpts from one telephone spiel: "I'm going to make an offer that will definitely be of interest to you, especially if you're interested in making money ... If you saw that you could definitely make an excellent profit within the next 24 to 36 months, Mr. Blotz, could you comfortably handle a $50-a-month investment program? ... Because...

Author: /time Magazine | Title: Special Section: The New American Land Rush | 10/1/1973 | See Source »

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