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...started diversifying the Times by buying Cowles Communications, with its lucrative magazines (Family Circle, Golf Digest) and small newspapers. Diversification, according to Columnist James Reston, has been Sulzberger's shrewdest move to date. "With more of the company's earnings coming from outside the paper," says Reston, "Punch could confront the unions with the fact that we could take a strike if necessary...

Author: /time Magazine | Title: The Kingdom And the Cabbage | 8/15/1977 | See Source »

...make a profit." In West Germany, Kurt Richebacher, chief economist of the Dresdner Bank, speaks of "a grave profitability crisis." In Belgium, Baron Leon Lambert, chairman of the Compagnie Bruxelles Lambert, flatly declares that European regimes are "impotent before the enormousness of the political, economic and social problems that confront...

Author: /time Magazine | Title: INVESTMENT: A Safe Haven for Frightened Funds | 7/25/1977 | See Source »

...Church of Scientology, founded 23 years ago by a science-fiction writer, does not believe in turning the other cheek. In a key church exercise called ''auditing," members are taught, for a handsome fee, to confront long-forgotten traumas-sometimes even from previous incarnations-and then to scourge these so-called "engrams" that have been troubling their subconscious...

Author: /time Magazine | Title: Religion: Scientology: Parry and Thrust | 7/25/1977 | See Source »

...court's decision means that in states that cut off Medicaid funds, poor women will have to confront not only the trauma that almost inevitably accompanies the decision to have an abortion, but also the problem of finding enough money to pay for one. Women who cannot scrape up the $150 needed for a typical first trimester abortion are certainly unlikely to have enough money to raise a child under decent conditions. They are far more likely to turn to cheap, unsafe abortions, or to go unwillingly through with the pregnancy and give the child up for adoption. The court...

Author: By Gay Seidman, | Title: The Abortion Decision: Justice With Blinders | 7/12/1977 | See Source »

...season when college and university commencement speakers exhort the capped and gowned to go forth and confront the world. A sampling of what 14 of the best, the brightest and the most beautiful in the class of 77 see ahead for themselves...

Author: /time Magazine | Title: Education: Let's Hear It from the Class of '77 | 6/13/1977 | See Source »

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