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...bonds pay interest of 4%, which is as good as an 8% stock dividend return to an investor in a high-tax bracket. The current struggle in Wall Street's market is not between bulls and bears, but between stocks and bonds. Calling some important turns are the faceless but formidable institutions-mutual funds, pension and profit-sharing funds, insurance companies and banks -which account for about 31% of all trading on the major exchanges. Now they are socking more and more of their millions into the high-yield, no-risk bonds. In the past four months, Pittsburgh...

Author: /time Magazine | Title: Wall Street: The Tight-Money Market | 3/18/1966 | See Source »

...Snorkels. Another architect who is fed up with faceless, anonymous architecture that conceals function is John Johansen, 49, whose Goddard Library at Clark University in Massachusetts looks more like a photocopying machine than a glassy showcase for books. Johansen believes that architects, like all thinking people today, yearn to pierce through established façades: "Nothing goes unquestioned today; nothing is taken at its face value...

Author: /time Magazine | Title: Architecture: Inside Out | 3/11/1966 | See Source »

...public defenders tackled 620,000 cases. Yet the American Bar Foundation estimates that 1,400,000 indigents a year are tried without lawyers in U.S. courts -to say nothing of the problems that afflict millions of other poor Americans whose rights are often routinely ignored by landlords, merchants and faceless welfare agencies. The result, say experts, is the breeding of a dangerous disbelief in equal justice...

Author: /time Magazine | Title: Lawyers: The Missionaries | 11/12/1965 | See Source »

...Role. "People used to think of the anesthetist as a faceless person who suddenly appears in the surgery, does his little assignment, and then disappears," said Dr. Volpitto. "It's different today. Anesthesiologists see the patients in advance, and we play a role with the surgeon in preparing them for what is to come." The A.S.A.'s incoming president, Dr. John J. Bonica, drew attention to another vital role of the anesthesiologist-where surgery is not involved or at least not scheduled. "Suppose," he said, "a patient comes in with barbiturate poisoning. All his automatic nervous system reactions...

Author: /time Magazine | Title: Anesthesiology: Responsibility Beyond Surgery | 11/5/1965 | See Source »

...Hats off to Senator Dirksen and his stand on repeal of Section 14(b) [Oct. 1]. My disgust with the 89th Congress and its faceless mass of yes men has been somewhat alleviated by Dirksen's refusal to knuckle under to the autocracy of the Johnson Administration. Compulsory unionism is akin to compulsory Communism, and no American should stand...

Author: /time Magazine | Title: Letters: Oct. 15, 1965 | 10/15/1965 | See Source »

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