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...over the destiny or price of their work. If there are to be any royalty assurances, then, they can only work if they are written into U.S. law. The prospect of such a bill ever getting to Congress is, naturally, viewed askance by many dealers and most collectors, who contend that it would diminish or even wreck the art market, depress prices, and discourage new collectors. These critics raise other objections: Why should an artist be entitled to a piece of the profit every time his work is resold when an architect, say, must settle for a single flat...

Author: /time Magazine | Title: Time Essay: A Modest Proposal: Royalties for Artists | 3/11/1974 | See Source »

Bell officials protest that price competition is not only unjust, but also a threat to the entire monopoly system that has put telephones in 94% of American homes. Only by charging tieline customers somewhat more than the service actually costs to provide, they contend, can AT&T hold down rates to users of its standard services. Federal regulators, they argue, should not permit its rates to be undercut by MCI, which has no obligation to maintain unprofitable service in rural communities, as Bell does. MCI executives reply simply that prices should reflect the cost of providing service: costly services should...

Author: /time Magazine | Title: COMMUNICATIONS: Gnat v. Elephant | 3/4/1974 | See Source »

...Sixth Circuit Court of Appeals agreed, and ordered the city and the suburbs to "metropolitanize," to bus children from the city into the suburbs and vice-versa. The suburban school boards have appealed the decision. They contend that the federal government cannot require that their school children be bused, since the localities have not been guilty of intentionally segregating black from white students. The 84 suburban school districts surrounding Detroit claim a metropolitan busing order, in the absence of a demonstrated intent to segregate, is an unwarranted intrusion into their local government's legitimate authority...

Author: By Michael Massing, | Title: Doughnut Desegregation | 2/26/1974 | See Source »

Harvard will also have to contend with two Penn athletes, Bruce Collins in the dash and Dan Fikes in the 1000. Both Fikes and Collins will be seeking their third consecutive gold medals...

Author: By James Cramer, | Title: Thinclads Battle for Hep Title Today | 2/23/1974 | See Source »

...Exxon's executives, ranging downward from Canadian-born Chairman John Kenneth Jamieson (see box following page). Such men are several light-years removed from the vulgar, wheeler-dealer, overnight Texas oil millionaires of popular myth and occasional reality. Still, as successors of Founder John D. Rockefeller, they must contend with memories of the evils of the old Standard Oil Trust. Moreover, Exxon executives are inviting scapegoats simply because their company has more wells, refineries. pipelines and tankers than any other...

Author: /time Magazine | Title: OIL: Exxon: Testing the International Tiger | 2/18/1974 | See Source »

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