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...about $12 million and hired an appraiser to value them at twice their true worth. Then a Rogers associate bundled the inflated mortgages on the apartments into securities that were sold to savings banks and other investors. Bank of America investigators are looking into why its Inglewood, Calif., branch agreed to act as an agent for handling the payments...

Author: /time Magazine | Title: Dirty Cash and Tarnished Vaults | 2/25/1985 | See Source »

...years Judaism's Conservative branch struggled over whether women should become rabbis. Reform Jews, more liberal, have ordained women since 1972, and 71 are now rabbis. But the Conservatives warily delayed, until in 1983 the faculty of the Jewish Theological Seminary voted to train and ordain women. Last week, with the first female seminarian about to graduate, the cycle was completed when the Rabbinical Assembly, the organization of Conservative rabbis in the U.S. and Canada, announced it would admit to membership anyone ordained by the seminary, male or female...

Author: /time Magazine | Title: Religion: End of a Vigil | 2/25/1985 | See Source »

...join after her May ordination is Amy Eilberg, 30. "The long vigil is over," she said gratefully. During the next few years she will be followed by 18 other women now in the rabbinical program at the New York City seminary, the only such school in the Conservative branch. Eilberg's assembly membership provides critical recognition for her as a Conservative rabbi. The rabbi-to-be, who is married to a religion scholar, is considering a hospital chaplaincy or a job at a synagogue in southern Indiana near her home. The Conservatives' change "creates a synthesis of Jewish tradition...

Author: /time Magazine | Title: Religion: End of a Vigil | 2/25/1985 | See Source »

...Conservative rabbinate, and women were admitted only through parliamentary finesse. A three-fourths majority is normally necessary to approve an individual candidate. In 1983 and 1984 the Rabbinical Assembly convention fell short of that vote on a move to allow a woman rabbi to transfer from the Reform branch. But the new measure, automatically admitting seminary graduates, was passed as a constitutional amendment requiring only a two-thirds majority...

Author: /time Magazine | Title: Religion: End of a Vigil | 2/25/1985 | See Source »

...public libraries have even ventured into the world of computer communications. The North-Pulaski branch of the Chicago Public Library, which claims to have installed in 1981 the world's first library computer available to patrons, also boasts what may be the first electronic library bulletin board. The system, which lets people with home computers and modems dial into the library's Apple II, has logged 16,000 calls in three years, including requests for everything from book reviews to tips on pet care. A library bulletin board in San Bernardino, Calif., lists theater performances and city council meetings...

Author: /time Magazine | Title: Computers: Terminals Among the Stacks | 2/25/1985 | See Source »

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