Word: colorados
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...week's cover story on cocaine, the most deceptive and expensive of drugs, TIME sent a team of correspondents to measure its burgeoning popularity across the country. Jonathan Beaty interviewed sources in Washington, D.C., New Mexico and Southern California, while Jeff Melvoin traveled in New England, Florida and Colorado, and Steven Holmes covered Northern California and the Midwest. Correspondent Robert L. Goldstein spoke with movie celebrities in Los Angeles and Reporter-Researcher Rosemarie Tauris talked to dancers and psychiatrists in New York City. Says Beaty...
...through a night's work, through a lot of grinding case preparation." Says a counselor at an upper-crust prep school in Massachusetts: "I'd say 10% to 15% of the kids here use cocaine with some regularity." A sun-bleached woman student at the University of Colorado's Boulder campus confesses: "I took all my finals coked out last semester, and I heard a lot of sniffing in the exam room...
...Colorado Shangri-la in a classic struggle against development...
...bankers argue, however, that they will not be able to survive the tough new competition from other financial institutions unless the Government lifts the regulations that limit the amount of interest they can pay and the areas where they can do business. Says Bruce M. Rockwell, chairman of the Colorado National Bank in Denver: "If the banks are not given more freedom, there will be a serious erosion in the industry. We can't go on this way without major consequences...
...Georgia, Colorado and Florida, Merrill Lynch is test-marketing a product that could change the way the life insurance industry does business. The firm offers policies that allow customers to choose whether they want part of their premiums invested in mutual funds containing stocks, bonds or short-term money-market securities. As interest rates fluctuate, policyholders will be able to try to increase the return on their investments by switching their money from one fund to another. In the past, insurance premiums have been tied up mainly in low-return long-term bonds...