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Making Movies. When paroled, though, King headed home to Cleveland, where he had reigned as numbers baron. "Most people would rather deposit with me than the Federal Reserve," he says of his days in the policy game. Not long after his return to Cleveland, he helped promote a charity boxing exhibition, and was soon putting together rights of his own. King's first big-time bout as promoter was Foreman's championship defense against Ken Norton in Caracas in March 1974. Even before that fight took place, King was busy bidding for and eventually tying up the Foreman...

Author: /time Magazine | Title: Sport: From Killer to King | 6/30/1975 | See Source »

Under the experiment, First Federal Savings and Loan Association of Lincoln put computer terminals into two stores of the state's Hinky Dinky grocery chain. A customer of the S and L can present a deposit or withdrawal slip and a coded identification card to a Hinky Dinky employee, who punches the transaction onto a typewriter-size console tied into First Federal's main computer. Once the central computer approves the transaction, funds that a customer withdraws are transferred from his savings account to Hinky Dinky's account, and the Hinky Dinky employee hands over the cash...

Author: /time Magazine | Title: BANKING: Cash in Supermarkets | 6/9/1975 | See Source »

...midsummer the number will swell to 20,000 as the pipeline contractors drive to make their target date of mid-1977. The spongy, oil-soaked strata nearly two miles beneath the tundra at Prudhoe Bay contains an estimated 9.6 billion barrels of oil, by far the largest deposit in the U.S. Initially, the pipeline will carry 1.2 million bbl. per day, an amount equal to one-fifth of the nation's current oil imports. If other fields in the inhospitable area can be brought into production as expected, the capacity will eventually rise to 2 million bbl. daily...

Author: /time Magazine | Title: ALASKA: Rush for Riches on the Great Pipeline | 6/2/1975 | See Source »

...dialysis treatments, suffer from serious and progressive bone deterioration and may become crippled. Now help may be on the way. A team headed by Dr. Hector DeLuca of the University of Wisconsin has developed a form of vitamin D that enables the body to assimilate calcium from food and deposit it in the bones. They have tested it on about 50 patients so far. DeLuca is confident that the synthetic vitamin will prove invaluable to some 100,000 people who have serious kidney disease. The vitamin D compound has already had dramatic effect on Canadian Arthur Olson, 24, whose bones...

Author: /time Magazine | Title: Medicine: Capsules, May 26, 1975 | 5/26/1975 | See Source »

When a federal grand jury and the Senate Watergate committee learned of the gift, Jacobsen said, he and Connally agreed that they would say the money never left Jacobsen's safe-deposit box in an Austin, Texas, bank. In fact, they both testified before the grand jury and the Senate committee that Jacobsen offered the money to Connally for him to dispense to political candidates as he saw fit, but that Connally turned him down-a story that Connally has stuck to throughout. Jacobsen told the court that it was false. Rather, said Jacobsen, Connally gave...

Author: /time Magazine | Title: TRIALS: Big John Connolly Acquitted | 4/28/1975 | See Source »

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