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...Babcock & Wilcox has not left his target's management cheering. The tender-offer announcement, which caught Wall Street by surprise, followed weeks of fruitless overtures by Gray to B&W's chairman, George Zipf. Last week, after Gray had finally managed to see Zipf twice to no avail, he rocketed off what amounted to an ultimatum, telling Zipf that he had until week's end to declare whether B & W would fight the offer. Zipfs reply was both immediate and curt. He dismissed the April 1 deadline as "totally unrealistic," and warned that the unilateral manner...

Author: /time Magazine | Title: MERGERS: Not-So-Tender Offer | 4/11/1977 | See Source »

...entering its second year. Its orchards, dairies, small farms and citizens are all in trouble, and the bars and churches are better patronized than ever before. In fact, the churches have been holding rain prayer meetings from 10 in the morning until 10 at night-so far to no avail...

Author: /time Magazine | Title: Environment: A Tiny Town Near Collapse | 3/7/1977 | See Source »

...making large, happy, quiet communities within the House become smaller, paranoid, and angry. They have felt the university uprooting them entirely, as though they were crabgrass which might contaminate the straight and true Harvard Man; they have seen the absurdity of this picture, and have tried reason, to no avail. The administration is continuing to destroy the remaining shreds of unity, to merge us into the faceless mask that produces the new standard Harvard-Radcliffe person. But if Harvard has its way, certainly these people, and probably the College, will be the poorer for it. Christopher M. Holt...

Author: NO WRITER ATTRIBUTED | Title: Ignorant Professors | 1/10/1977 | See Source »

...America's oldest continuously published weekly (founded in 1865). The magazine has always been slightly to the left of American journalism, and often out in front. The Nation blew the whistle five months before the event on CIA preparations for the 1961 Bay of Pigs invasion-to little avail-and published the first article on automobile safety by a young lawyer named Ralph Nader. Publisher James J. Storrow Jr., who has owned the magazine since 1965, put it on the block early this year, after the retirement of longtime Editor Carey McWilliams. "It was time to turn it over...

Author: /time Magazine | Title: The Press: Old Left, New Broom | 12/6/1976 | See Source »

...ceiling and reflect the sound. Alas, the $17.7 million hall was something else to hear-strident, cold, weak in bass. In succeeding years, a series of four acoustical repair jobs (total cost: $2.5 million) were made, culminating in the replacement of the entire ceiling in 1969. But to little avail. In 1973, Hi-Fi Magnate Avery Fisher donated $10 million to keep the place going. Accordingly, Lincoln Center put his name on it, which was just as well. His money was used for the most radical step of all. Starting last May, the hall was gutted and a new interior...

Author: /time Magazine | Title: Music: A Bright New Version | 11/1/1976 | See Source »

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