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...weakness and his strength. With typical lack of finesse, he approached the riders from behind. But when he got turned around, he lingered for a responsive chat with some, pointing to a broken window ("That's a real danger") and low fences along the tracks ("My grandson could climb that fence"). One man wearing a Rockefeller button grasped Goldberg's hand and said: "You were a wonderful Supreme Court Justice. I wish you had stayed on the court." Goldberg responded: "Sometimes I wish...
Burgers and Scotch. Troubles began piling up for Gramco soon after upheavals in Cornfeld's I.O.S. shook investor confidence in American-run investment plans in Europe. Last month redemptions began to climb alarmingly after West Germany's Federal Credit Supervisory Board abruptly banned sales of Gramco's USIF. The board acted on the disputed grounds that the fund failed to comply with some complex provisions of a new German securities law. In the last five weeks, the owners of more than $40 million worth of shares asked for their money back. But real estate...
...long downturn-but how quickly is it likely to bounce back? TIME editors posed that question last week to the eight experts on the magazine's Board of Economists (see box). Their answers were remarkably similar. Walter Heller summed up: "The U.S. is beginning a long, slow climb back to full employment." The outlook, he said, is for "progress, but stagnancy." All the other members of the board basically concur. They foresee only small rises in production and profits next year, and predict a gradual lessening of inflation. The budget cutbacks by the Nixon Administration and the severe squeeze...
Real gross national product will climb about 4% next year, compared with a 1970 increase that board members estimate will wind up somewhere between zero and 2%. Nixon's economists figure that the nation's "optimum growth" is 4.3%, and they hope to achieve it during 1972. The rise in G.N.P. will send corporate profits climbing again, after a 7% or 8% fall this year, but after-tax profits will not reach the $48.5 billion level of 1969. Nor will the production gain even begin to close the gap between actual and potential output. Next year...
Both have built powerful cross country teams with different techniques, but Tuppeny's a relatively new face in Ivy circles, and Penn's climb toward the top began only a few years ago. Penn had never beaten Harvard in a dual meet...