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...Pious Caveat. Delivering the Godkin Lectures at Harvard, former Council of Economic Advisers Chairman Walter...

Author: /time Magazine | Title: The Economy: From Mist to Rain | 3/25/1966 | See Source »

Until recently, many American humorists obeyed that caveat by looking the other way when the subject was raised, or treating the whole thing as a joke. Robert Benchley spoke for most of his colleagues when he lampooned the scientific students of humor with his dictum: "We must understand that all sentences which begin with W are funny." Well, something unfunny has happened to American humor. Today the humorists are outexamining the examiners, some of them even making second careers as commentators who probe and pontificate on the radio and TV panels that ceaselessly sift American manners, morals and mores...

Author: /time Magazine | Title: Essay: AMERICAN HUMOR: Hardly a Laughing Matter | 3/4/1966 | See Source »

Next, $10 Million? At $3,861 per sq. in., Simon was simply playing caveat emptor according to the rules. The prince, currently hard pressed for cash following several unsuccessful business ventures, agreed-but he was in no mood to let his treasure cross his principality's boundaries or risk an adverse verdict. When negotiations broke down, the prince's art dealer, Josef Farago, issued a categorical denial: "The prince would not dream of selling the Leonardo." As for the prince, he was, as one to the manner born, off hunting in Austria. Does this mean that Ginevra...

Author: /time Magazine | Title: The Market: Gambit in Graustark | 12/3/1965 | See Source »

These were the times that Professor Harmer Davis, transportation expert at the University of California, calls the period of caveat viator-let the traveler beware. With the '20s came the concept of traffic engineering, which finally adapted the carriage road of history to the internal-combustion car, providing gradual curves, smooth surfaces, low grades, road markers-and some helpful innovations. One was the parkway, which was born along the Bronx River in New York's Westchester County in 1922 and pioneered the principle of separated opposing lanes. Another was the cloverleaf, the essential invention that lets traffic...

Author: /time Magazine | Title: Essay: ODE TO THE ROAD | 9/10/1965 | See Source »

...such cases the old rule of caveat emptor especially prevails. The offbeat plunger can make a big splash if he is lucky; he can also quickly go under. Bankers and investment houses usually shy away from such unusual and high-risk opportunities, but potential investors seldom have trouble hearing about them. Word travels rapidly through accountants, special brokers, newspaper advertisements, relatives or neighbors who want to let someone in on a good thing-they hope...

Author: /time Magazine | Title: Investment: Off the Beaten Track | 3/19/1965 | See Source »

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