Word: altmans
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...decision to leave law is becoming a more common one, especially in urban firms. "Compared with five years ago, there are a significantly greater number of lawyers today who are not practicing law for a living," says Ward Bower, a partner at the legal consulting firm Altman & Weil in Ardmore, Pa. Experts estimate that nearly 40,000 lawyers a year are leaving the profession, almost as many people as are entering law school annually. A Maryland State Bar Association survey last December found that 35% of the lawyers who responded were not sure they wished to continue practicing...
Biology students used to be taught that there was a strict division of labor within living cells. The nucleic acids, DNA and RNA, served as repositories of genetic information, and certain proteins, called enzymes, did all the work. But research conducted in the past decade by Sidney Altman of Yale University and Thomas Cech of the University of Colorado at Boulder has forced scientists to alter completely their ideas not only of how cells function but also of how life on earth began. Last week the Nobel Prize for Chemistry went to Altman and Cech, with the citation that "many...
Working with a bacterium and a pond-dwelling protozoan, Altman, 50, and Cech, 41, independently discovered that RNA can act as an enzyme, a molecule that accelerates chemical reactions a millionfold or more and makes it possible for life to exist. Plants, for example, depend on enzymes to convert carbon dioxide in the air to sugar and starch. An enzyme in human saliva helps transform starch into glucose, the body's energy source. Until RNA enzymes were identified, all enzymes were thought to be proteins...
...Although Altman and Cech did not collaborate directly, each benefited from the other's advances. "Like a Ping-Pong match, the ball went from one to the other," according to Bertil Andersson, a member of the Nobel Committee. Cech heard of the award while in Boston accepting another prize. "I am obviously excited about it," he said. "It was something that everyone has been telling me would happen, but I had no way of knowing when." What will the researchers do with their $470,000 prize? "I'll just go back to the lab and do more work," Altman said...
...retailing empire and put the 17-store Bloomingdale's chain up for sale. In August Australian raider George Herscu put his U.S. retailing subsidiary into bankruptcy after becoming overwhelmed by its $1.2 billion takeover debt. Herscu may well have to sell Bonwit Teller (stores: 16) and B. Altman (7), which he acquired...