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...understandings about the nature of the universities," the guidelines are structured to protect what the authors call "the Academic Context" both from financial crippling and from politicization, the latter by keeping investment decisions as distant as possible from the day-to-day life of the university. The authors carefully dispatch both the theory that stockholders can't or shouldn't influence the companies they own, and all arguments in favor of divestiture except in very specific circumstances. They conclude that investments should almost always be made for maximum financial return, with universities exercising their moral duties as stockholders of companies...

Author: By Michael E. Kinsley, | Title: Profit Without Honor | 6/12/1972 | See Source »

...Chief of the armed forces by the Constitution, partly to ensure civilian control of the military, the President has always had the power to act quickly when he needed to. Congress, a deliberative body, moves more slowly and cautiously. From Jefferson's Louisiana Purchase to Johnson's dispatch of troops to Viet Nam, with rare exceptions the President has taken the lead in foreign and military policy while Congress has tagged along often grumbling. When an earlier activist President, James K. Polk sent troops into Mexico and then demanded that Congress approve his action, Senator John C. Calhoun...

Author: /time Magazine | Title: Time Essay: Where's Congress? | 5/22/1972 | See Source »

RIOTS. CHAOS. The parade was followed by a keynote speech by Georgia Governor Jimmy Carter that was received, reported the Richmond Times-Dispatch, with "remarkably convincing mock boredom...

Author: /time Magazine | Title: The Nation: Intimations of Miami | 5/22/1972 | See Source »

...Goldstein identified a newly discovered body as that of Bobby in time to prevent a $10,000 ransom payment, then succeeded in tracing the ransom note back to Law Student Nathan Leopold's typewriter. Goldstein spent the next 40 years as a correspondent for the St. Louis Post-Dispatch...

Author: /time Magazine | Title: Medicine: Medicine, May 22, 1972 | 5/22/1972 | See Source »

...same day in a dispatch from Moscow in the London Evening News Soviet agent Victor Louis stated, "A negotiated end to the Vietnam war appears to be in sight. All the indications are that, with Russia and the United States finding a common interest over the conflict, a race for peace has begun...

Author: By Jim Blum, | Title: Dusk at Paris | 5/3/1972 | See Source »

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