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...stock on the N.Y.S.E. was Coleco Industries, the videogame manufacturer, even though it ended the year 28% below its 1982 high. Coleco, the creator of Donkey Kong, absorbed a swift kick in December after Warner Communications, owner of Atari, projected a fourth-quarter slump in earnings caused by disappointing videogame sales. Coleco suffered in the ensuing market selloff, but then it bounced back. Having started the year 6⅞, the Stock wound up at 36¾. By last Friday, it had risen another 5%, thanks to Coleco's announcement that 1982 earnings could be quintuple those...

Author: /time Magazine | Title: The Year It Paid to Buy Bonds | 1/17/1983 | See Source »

Among the great skyscrapers built in Manhattan during the 1920s and '30s, the 56-story Chanin Building has worn its years well-as has its creator and namesake, Irwin Chanin, 91. The architect is being honored by his old alma mater, New York's Cooper Union, in a retrospective. Chanin designed eight Broadway theaters and two monumental apartment houses on Central Park West. Perhaps his most cherished work is his personal suite of art deco offices on the top floor of the Chanin Building. The bathroom alone, done in glass, mirror and gold plate over bronze, cost...

Author: /time Magazine | Title: People: Jan. 17, 1983 | 1/17/1983 | See Source »

...produced. Starting in the late 1920s, James labored in a fine frenzy within the airy precincts of haute couture. He believed himself to be an artist, the equal of anyone who created with paint or plaster, and he died at 72 in 1978, just like the burnt-out creator of so much contemporary myth, broke and broken, working out of a cluttered, crumbling studio at Manhattan's Chelsea Hotel. The show contains some 50 pieces, each a practical study in suspended line, upended gravity and undiluted elegance...

Author: /time Magazine | Title: Living: Puttin' on the Ritz in Gotham | 1/10/1983 | See Source »

...sensitivity toward local cultures has led even conservative Protestants to treat tribal religion with respect. Missionaries try to banish belief in, and fear of, evil spirits; yet they also plumb the animist religions for concepts of eternal life or of a remote "high god" or primordial creator that might be used to inspire belief in the one God of the Bible. After all, the missionaries point out, Christmas was originally a pagan rite that ancient preachers turned to good advantage...

Author: /time Magazine | Title: The New Missionary | 12/27/1982 | See Source »

DIED. Louis Engel, 72, retired advertising vice president of Merrill Lynch, credited with being instrumental in his company's effort to "bring Wall Street to Main Street"; of undetermined causes; in New York City. Creator of a popular 1948 ad that lucidly distinguished between a stock and a bond, Engel later expanded it into an investment guidebook for laymen (How to Buy Stocks) that sold more than 4 mil lion copies and helped sell the idea of investing to a broader array of Americans...

Author: /time Magazine | Title: Milestones: Nov. 22, 1982 | 11/22/1982 | See Source »

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