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...mutual funds do break into the exchange, brokers fear that they will lose so much in commissions that quite a few houses will be forced to fold. For their part, the mutual-fund men contend that there is more at stake than the row over commissions. They say that the brokers' entry into the mutual-fund business raises grave questions of conflict of interest. One reason: brokers may be tempted to "churn" the portfolios of their own mutual funds-that is, buy and sell excessively in order to earn commissions. Last week's move by Dreyfus...

Author: /time Magazine | Title: WALL STREET: The Dreyfus Affair | 1/25/1971 | See Source »

Less loftily, others contend that Utopia can be achieved by a liberation of the instincts. Philosopher Herbert Marcuse argues that today's technological society has concentrated undue power in the hands of a few political and economic monopolies that suppress the freedom of a paralyzed citizenry. Only by removing this "surplus repression" and "eroticising the entire personality" can man once again learn how to love and create. The libidinal mystic Norman O. Brown wants to return to the unfettered pleasure seeking of infancy, where all "pansexual" desires are instantly gratified. "The real world," he writes in Love...

Author: /time Magazine | Title: Time Essay: VOYAGE TO UTOPIA IN THE YEAR 1971 | 1/18/1971 | See Source »

Reformers contend that the new alternatives eliminate the coercion that often blocks real learning, and encourage genuine curiosity in many students who otherwise might be bored to the point of hostility. Skeptics insist that such highly individualized scholarship needs close faculty-student rapport, and that big campuses will never be able to afford the staff to provide it. The new approach, they fear, could eliminate incentives to hard work and undercut liberal education with academic faddism...

Author: /time Magazine | Title: Education: Free-Form Reforms on Campus | 1/18/1971 | See Source »

...pity poor J. Edgar Hoover. Imagine having to contend with lazy judges, bleeding hearts on parole boards, Black...

Author: /time Magazine | Title: Letters, Jan. 4, 1971 | 1/4/1971 | See Source »

Seaborg has used similar tactics to meet the emotional challenges of Gofman and Tamplin, who contend that the AEC's policies are nothing less than outright genocide. In response, Seaborg acknowledges the dangers of radiation, yet insists that the AEC's precautions have been more than adequate. Such a reply, however, may not be enough. Public anxiety over the real or imagined dangers of the atom was on the rise even before Gofman and Tamplin unleashed their polemic. One evidence of this is the proliferation of conservationist lawsuits attempting to block construction of nuclear plants...

Author: /time Magazine | Title: Science: Fallout Over Seaborg | 1/4/1971 | See Source »

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