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...Government safety regulations more than 4,500 times in the past nine years.) In March the nuns asked Blue Diamond to register with the Securities and Exchange Commission so that the SEC would have to regulate it. The company refused, stating that the nuns had not been registered as bona fide stockholders. Now the nuns are going to court to force Blue Diamond to register them as the shareholders of record, so that they will be able to get a stockholders' list, which they plan to use to rally inside support for their cause...

Author: /time Magazine | Title: Business: Stinging Nuns | 10/1/1979 | See Source »

...Resolution 242 of 1967, which implicitly affirms Israel's right to exist, and in addition endorse the Palestinians' legitimate political rights. The Arabs, and the Administration as well, hope that such a formulation might at last allow the P.L.O. to at least tacitly recognize Israel as a bona fide state. This in turn would enable Washington to drop its longstanding boycott of the P.L.O. and open a direct dialogue with it. The Administration's first goal then, would be to bring Palestinians, perhaps even some P.L.O. officials, into the talks between the Israelis and the Egyptians...

Author: /time Magazine | Title: MIDDLE EAST: Semaphoring with the P.L.O. | 8/13/1979 | See Source »

...lunar module (LEM--remember?), hesitated for a moment on the final rung, then placed the first human bootprint on another world. ("The surface appears to be very, very fine-grained," Armstrong observed while his friend "Buzz" waited to join him, "it's almost sort of a powder.") It was bona fide Big Stuff. CBS and provided 31 hours of continued coverage; ABC naturally stopped after 30. "Save us a copy," the astronauts radioed back, when informed that the New York Times had used the largest headline--"MEN WALK ON MOON"--in its history. Nine more moon landings were planned...

Author: By James G. Hershberg, | Title: How Giant A Leap | 7/20/1979 | See Source »

...THOSE bona fide type crazies was preaching on the street corner the other day. Four feet tall with a placard. "Listen," he said, "and know that man's powers of dispossession are far greater than his powers of possession." Terrific. "There are a lot of luxury cars out there, but even the wealthiest people can own but a few." This is true. "On the other hand," he said with absolute glee, "It's entirely possible not to own hundreds of thousands of Mercedes...

Author: By Tom Hines, | Title: No Credit | 2/2/1979 | See Source »

Business opposition has also been dulled by some special provisions in the law. The statute permits companies to continue forcing retirement at 65 for "bona fide" executives and people in "high policy-making positions," provided they have served in those jobs for at least two years and qualify for pensions and other retirement benefits totaling $27,000 a year.* And most companies will indeed compel executives to retire at 65. Their stated and valid reason is that new blood and new ideas are especially vital at the top. An unspoken but powerful reason is that every board member dreads telling...

Author: /time Magazine | Title: Business: Lucking Out on Later Retirement | 1/15/1979 | See Source »

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