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...pocket the money they would otherwise have to pay to independent brokers in commissions. Presumably these savings would be passed on to individual investors in the form of lower management fees or sales commissions. The SEC and Representative Moss have made specific recommendations on each issue, but they differ in important detail...

Author: /time Magazine | Title: WALL STREET: Setting a Deadline for Reform | 9/11/1972 | See Source »

Beyond that, the Soviet and American legal systems differ fundamentally, so there will have to be some special arrangement to settle commercial disputes arising between U.S. companies and Soviet government organs. The Soviet Union is not yet a party to international copyright conventions, and there is no bilateral tax treaty between the two countries...

Author: /time Magazine | Title: EAST-WEST TRADE: Tapping Soviet Treasure | 8/21/1972 | See Source »

...Soviets supported us, but our assessments of the situation differ. For them, the Middle East crisis may not be the No. 1 problem, but 2, 3 or 4. But for me the Middle East is the problem. It is not only the No. 1 problem, but it is sleep, life, food, fasting and drinking to me. It is my problem, the problem of my occupied land...

Author: /time Magazine | Title: The World: Sadat: A Sort of Whirlwind | 8/7/1972 | See Source »

...first seven ecumenical councils, and in the duty of reverence toward the Virgin Mary. But Orthodoxy rejects papal infallibility and permits married men to become priests, though only celibates can become bishops. Orthodoxy also makes a distinction between its churches and "Oriental" churches like the Armenian Church, which differ from them doctrinally on the nature of Christ but are sometimes confused with them by Westerners...

Author: /time Magazine | Title: Religion: Death of a Patriarch | 7/17/1972 | See Source »

...Lutheran study does not deny that prejudice exists. About two out of five Lutherans reject people who differ from them in lifestyle, values or belief; Communists, homosexuals, drug addicts, "hippies" and Students for a Democratic Society are their most despised targets. About one out of five Lutherans shows some prejudice toward Jews. But the prejudiced Lutherans, A Study of Generations asserts, are not authentically orthodox. They tend to be "law-oriented" rather than Gospel-oriented. Law-oriented Lutherans show a distinct need for religious absolutism and a marked intolerance for change. In the authors' stinging words, they are people...

Author: /time Magazine | Title: Religion: The Fruits of Misbelief | 7/10/1972 | See Source »

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