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...that the universe was expanding. Now these kids seem to feel it's contracting, closing in on them." Walter Brown, head of the job placement office at California State University at Los Angeles, distills the mood of the class of '82 this way: "If a recruiter from Dow Chemical showed up here now and he had jobs, he would be greeted with something resembling Beatlemania...

Author: /time Magazine | Title: Education: Head High, Chin Up, Eyes Clear | 6/28/1982 | See Source »

...Princeton, N.J., are charged with selling tetracycline in Southeast Asia without sufficient warnings that the antibiotic can discolor children's teeth. California-based Syntex Corp. is taken to task for failing to publish standard warnings on birth control pills sold in Singapore and Malaysia; Parke-Davis and Dow Chemical, for not publicizing the perils of chloramphenicol in Asian drug manuals...

Author: /time Magazine | Title: Medicine: A Double Standard on Drugs? | 6/28/1982 | See Source »

...Silverman report had focused on isolated offenses and ignored the major obstacles that drug companies face in the Third World. Some of those problems: distributing drugs to patients who may live far from medical centers; keeping vaccines refrigerated in jungle outposts; teaching uneducated patients how to take medicines. Dow, Parke-Davis and Hoechst maintain they have uniform policies on drug information worldwide. Any abuses, they say, originate within the importing countries. Syntex and Squibb note that warnings for their products have been omitted by local drug manuals. "We are not responsible for what the guides will print," said a Squibb...

Author: /time Magazine | Title: Medicine: A Double Standard on Drugs? | 6/28/1982 | See Source »

...Cities Service, headed by Chairman Charles J. Waidelich, provided a refreshing diversion from a miserable week. With the economy stubbornly refusing to show any convincing signs of improvement, Wall Street's five-week slide managed little more than a modest uptick with the 30 stocks of the Dow Jones industrial average ending the week...

Author: /time Magazine | Title: Texas-Style Takeover | 6/21/1982 | See Source »

Smaller firms like Axlon, IXO and Lexicon are coming out with palm-size terminals that have little or no memory but full keyboards and telephone jacks, so that users can contact data banks like Dow Jones from telephones anywhere. If brokerage houses and banking chains will cooperate, and if the Government will change its regulations, such machines could be used to move money from one account to another or order securities without going through brokers or tellers. Predicts Atari Founder Nolan Bushnell: "People will not pay bills by check within five years...

Author: /time Magazine | Title: Computers: Carry Along, Punch In, Read Out | 6/21/1982 | See Source »

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