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...vote. Always, Clark awaited them, either turning them away or arresting them for contempt of court, truancy, juvenile delinquency and parading without a permit. In seven weeks, Clark jailed no fewer than 2,000 men, women and children, including King, who dramatized the situation by refusing to make bond for four days. Still the Negroes came, singing "We shall overcome." In reply, Sheriff Clark pinned a button on his shirt reading "Never!" The city's mood grew ever uglier...

Author: /time Magazine | Title: THE NATION 1965: CIVIL RIGHTS The Central Point | 10/5/1983 | See Source »

...Australian campaign has had an unlikely Nelson: Allan Bond, 45, a chunky, feisty Perth entrepreneur and onetime sign painter, who has spent $16 million in ten years pursuing what many of his countrymen dismissed as a manic obsession. This is his fourth bid, Australia II his third boat. In Ben Lexcen, 47, Bond found a naval architect who could radically change the design of a 12-meter boat, a field that has seen little technological innovation in years. In secret tank tests in The Netherlands, Lexcen developed a keel like nothing ever used before: with two delta-type wings weighing...

Author: /time Magazine | Title: Sport: The Best Cup Challenge Ever | 10/3/1983 | See Source »

John Bertrand, 36, Bond's skipper, proved in the trials that he is among the world's best at handling a 12-meter yacht. Relaxed and modest, he was quick to admit error. He also had the fervent loyalty of his crew. By contrast with previous years, when the Aussie sailors downed Foster's Lager in Newport's pubs till the wee hours, Bertrand's men trained like commandos for the marine assault. Off Newport, long considered mare nostrum by the American defenders, Bertrand developed a feel for wind and water conditions unmatched by many...

Author: /time Magazine | Title: Sport: The Best Cup Challenge Ever | 10/3/1983 | See Source »

...Australian, repeatedly pouncing on the wind shifts he needed to carry him ahead. After two shifts on the first leg, Conner declared, "God works on Tuesdays." Bertrand admitted his error in losing the start: "It was a mistake on my part. One mistake is all it takes." Owner Bond, crushed by the defeat and with his back to a 3-1 wall, reminded a press conference of the valiant way Australian troops fought at Gallipoli in World War I (and lost...

Author: /time Magazine | Title: Sport: The Best Cup Challenge Ever | 10/3/1983 | See Source »

...fourth-highest salary in the firm and installed him as its head options broker. For Sung, the responsibilities were especially complicated, not only does Harvard speculate in the market, but it also acquires buying and selling rights as insurance against plunges in the prices of some stock and bond holdings. It, for example, the Management Company were concerned that IBM was about to take a dive, it would protect itself by buying the right [rather cheaply] to sell the stock at its current value 30 days from now. It does not: however, have to exercise that option...

Author: By David L. Yenmack, | Title: Innovative Investing | 10/1/1983 | See Source »

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