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...main exits happened to be directly beneath the plummeting walkways. Said Betty Webb: "The first thing I knew I was on the bottom and some girl was on top of me. We were just piled up helter-skelter and the structure was on top of us." A chunk of walkway came thudding down a few feet from Tea Dance Veteran Julie Halford. "The impact threw me against a concrete railing," she said. The entire crash sequence took only 15 seconds. Edgarton, above the lobby and off to one side, had his back turned when the bridges crashed. Instead of seeing...

Author: /time Magazine | Title: The Night the Sky Bridges Fell | 7/27/1981 | See Source »

...least through mid-1984. Bailey's own arrangement called for annual pay of $637,716 until 1989. Observed one cynical Conoco employee: "They equipped themselves with golden parachutes." The company also lined up $3 billion in stand-by bank credit. Conoco executives intended to buy back a large chunk of company stock from the shareholders, if necessary, to block a hostile takeover...

Author: /time Magazine | Title: History's Biggest Merger: Du Pont-Conoco | 7/20/1981 | See Source »

...home or apartment to become vacant. One particularly grateful renter is former Homeowner Mae Rose Owens of Winter Park, Fla. She was able to save her household possessions by hastily storing them in a local miniwarehouse after a giant sinkhole began to swallow up her house and a big chunk of the neighborhood...

Author: /time Magazine | Title: Alternate Attic: Easing the Space Squeeze | 7/20/1981 | See Source »

Even so, HMC recognizes the need to produce for today and therefore employs investment strategies that strike the proper balance. For the last several years, the plan has been to invest a large chunk of the portfolio in common stocks. Not just any stocks, though; the managers at HMC do careful research before making their investment decisions, often seeking the advice of Harvard experts at their disposal. In the early to mid-1970s, their research told them that world oil prices would increase substantially and that American prices would have to catch up. Translated into an investment strategy, that meant...

Author: By Burton F. Jablin, | Title: A Prudent Investor | 6/4/1981 | See Source »

...everyone but the tax-exempt universities. The proposal may not pass, for city councilors don't like to increase service charges, especially in an election year. But it shows how resourceful Cambridge officials are becoming in their ongoing struggle with the non-profit institutions that comprise such a huge chunk of their city...

Author: By William E. Mckibben, | Title: A Shotgun Wedding | 6/4/1981 | See Source »

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