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Angered state officials immediately challenged Moody's evaluation, pointing out that Standard & Poor's, the other major rating service, had continued to give MAC bonds an A-plus rating. But no one questioned Moody's motives until last week, when Felix Rohatyn, feisty, flamboyant chairman of MAC, demanded that the firm disqualify itself from evaluating MAC bonds because its political bias made it "unfit" A few days later in Washington, Assistant Secretary of the Treasury Robert Gerard cautiously agreed that if Moody's were basing its judgment on such political considerations as what the New York...

Author: /time Magazine | Title: CREDIT: Moody's Under Fire | 10/11/1976 | See Source »

...cover-up.' It will go down in the annals of illegality together with the 'investigations' associated with the irregular court-martial of Captain Alfred Dreyfus in France, and the (mis-) trials of Nicola Sacco and Bartolomeo Vanzetti in Massachusetts, against the injustice of which latter infamy Supreme Court Justice Felix Frankfurter, among others, felt compelled to speak out while professor of Administrative Law here at Harvard. And, gentlemen, in my case also, 'the truth will out.' I believe in this place...

Author: NO WRITER ATTRIBUTED | Title: Harvard, supposedly | 9/24/1976 | See Source »

...especially their bourgeois interiors-was utterly transformed by architects led by Victor Horta and Hector Guimard, designer of the Paris Metro entrances; poster artists like Privat Livemont and Alphonse Mucha; designers of jewelry like René Lalique; glassmakers and ceramists like Louis Comfort Tiffany, Emile Gallé and Felix Bracquemond. A new style of luxury art, the last great mannerism, had been found. Because of a hostility to "applied" as against "high" art, and because Cézanne and the post-impressionists were its contemporaries, art nouveau was long dismissed by those who believed that cultural history is only...

Author: /time Magazine | Title: Art: The Snobbish Style | 9/13/1976 | See Source »

...result, researchers are stepping up the hunt for a better way. One of these is Surgeon-Immunologist Felix Rapaport of the New York University Medical Center, who became the Transplantation Society's new president-elect last week. Prior to implanting new kidneys in beagles, he has been removing some of their bone marrow-the site, along with the lymph nodes, of white-blood-cell production-and irradiating the dogs. The X rays destroy the ability of the remaining bone marrow and lymphoid tissue to produce white blood cells. Then he reinjects the marrow cells, thus restoring the animal...

Author: /time Magazine | Title: Medicine: The New Kidneys | 9/6/1976 | See Source »

...potential for improper police actions is inevitable as long as the defendant's criminal predisposition is the critical issue. Instead, he writes, judges should focus on "the appropriateness or offensiveness of the police conduct," with emphasis on disapproving actions "that would be criminal for the private citizen." Justice Felix Frankfurter agreed. "The crucial question," he said, "is whether the police conduct ... falls below standards, to which common feelings respond, for the proper use of Government power." But that was 1958, and Frankfurter was writing only for four Justices. His view remains a minority one, and there seems little likelihood...

Author: /time Magazine | Title: The Law: Catch As Catch Can | 7/26/1976 | See Source »

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