Word: closed
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Dates: during 1970-1979
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...addition to his duties at TIME, he organized the National Citizens Commission for the Public Schools to arouse local interest in school reform. His connection to Harvard was always close and active. He served two terms on the university's board of overseers. In 1965 Harvard honored him by naming a new Graduate School of Education building after him. "Roy Larsen has to be ranked among the greatest friends of American education." the school's dean, Paul Ylvisaker, said last spring...
...summer holiday, he invariably returns to his vacation house in Pesaro, 150 km from Modena (see box). He cherishes a sense of himself as a sound, simple man of the region: he keeps up ties with relatives and friends there, and he concentrated investments from his considerable income (probably close to $1 million a year) in the area. Among his holdings: a record store in Bologna and an office building near Modena...
...workers on GM's pay roll, but for increased benefits for its fast-growing legion of retired employees. A big reason why policymakers in Washington are agonizing heavily over Chrysler's petition for federal help is the stark fact that if the company were to close down, the nearly $1 billion in unfunded pension obligations that it would leave be hind could exhaust the private-pension rescue fund that the Government maintains. Before long, the combined pressures of inflation and the changing U.S. demographics will force the problem of supporting the retired into the forefront of the nation...
...voluntary wage-price guidelines. They currently limit wage and benefit increases to 7% a year, which is well below the auto settlement. Indeed, there is talk that the wages and benefits achieved in Detroit could become the standard for the new guidelines. If that means approving settlements of close to 12% annually over the next year, the Administration's chances of effectively combatting inflation...
...enough to require unemployment benefits totaling $1.5 billion. As many as 35,000 workers, most of whom are black, could be laid off in Detroit alone. Yet these estimates seem exaggerated, because it is highly unlikely that the company would ever shut down totally. At worst some plants would close, but many would go right on operating...