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...Carettoni, Rome's superintendent of antiquities, estimates cost of the immediate restoration of the Colosseum at $430,000 and, of the crumbling walls and underpinning of the Forum, another $4,000,000. But Rome has the highest municipal debt in Italy, around $3 billion: it is in effect bankrupt. And the deterioration of antica Roma is only one in a series of revelations of decay in Italy's most famous monuments that have popped up, like Banquo's ghost, to alarm conservationists this summer...

Author: /time Magazine | Title: Art: Old Man in Need | 10/9/1972 | See Source »

...bankrupt that it can never be merely reformed. Its operation over the past three years has played a major part in undermining the atmosphere of trust in which any community is supposed to operate. The Faculty lost this trust by foisting the CRR on an unwilling student body. Only by completely abolishing this instrument of repression and working with students at all stages in the implementation of a new disciplinary procedure can the Faculty redeem itself...

Author: NO WRITER ATTRIBUTED | Title: Abolish the CRR | 10/3/1972 | See Source »

...named Sharpstown, of course) for a new preparatory school and made Father Michael Kennelly a director of the Sharpstown Bank. For this he was granted an audience with the Pope. Then Sharp borrowed $6 million from the Jesuits, none of which he ever repaid, and the Jesuits eventually went bankrupt. In addition, he used Kennelly as a middle-man for distributing some very dubious gifts to state officials. In spite of it all, after the SEC and the press had shown what Sharp had been doing, the Pope sent Sharp a telegram in which he expressed his sympathy and told...

Author: By Harry Hurt, | Title: Shadow' on the Alamo | 9/26/1972 | See Source »

After a year at Boston's Emerson College and another three with the Fifteenth Air Force near Foggia, Italy (since enshrined as Archie's old unit), Lear was laid off his first job with a Manhattan publicity firm. Then he went bankrupt with his own novelty ashtray business. He took his wife and infant daughter to Los Angeles, where half of his luck improved. He at least survived as a door-to-door salesman of furniture and baby pictures...

Author: /time Magazine | Title: The Team Behind Archie Bunker & Co. | 9/25/1972 | See Source »

...that 485 jobs be eliminated and that teachers accept more work and only token pay raises. Both sides predict that the strike may last as long as three months. In Detroit, on the other hand, the city's 11,000 teachers agreed that because the city is nearly bankrupt they would accept a new contract containing neither pay increases nor improvements in working conditions...

Author: /time Magazine | Title: Education: Quieter Opening Days | 9/25/1972 | See Source »

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