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...Lazard Freres and a longtime critic of the stock market's speculative excesses, has proposed a sharp limit on the right of Government-insured pension funds, thrift institutions and trusts to invest in junk bonds. He suggests that takeover bids that are conditional on anticipated junk-bond financing be forbidden as an unfair manipulation of public markets. Rohatyn also thinks that offers to acquire a large number of shares in a firm should be voted on by all stockholders on both sides of the transaction. That would help to prevent managements from paying inflated prices to buy back stock from...

Author: /time Magazine | Title: Going After the Crooks | 12/1/1986 | See Source »

Anger among European officials was fanned further at midweek when Ciba- Geigy, Switzerland's largest chemical company, admitted spilling about 105 gal. of the herbicide Atrazine into the Rhine the night before the Sandoz fire. The discharge of the chemicals, which is forbidden by law, was discovered only after officials tested the river for pollution from the Sandoz accident. While a Swiss water official asserted that the Ciba-Geigy accident did not kill the fish, the disclosure increased demands for stricter laws regulating chemical storage...

Author: /time Magazine | Title: Environment a Proud River Runs Red | 11/24/1986 | See Source »

Between the inner and outer stone walls of the Forbidden City in Beijing, China, stand the barracks that housed the emperor's army for five centuries. Since the conversion of the royal family's palace into a public site, however, museum employees, not soldiers live here. For eight years, Wu Hung, now a tutor in the Fine Arts department, lived between these walls as a curator for the Palace Museum...

Author: By Allison L. Jernow, | Title: The Fine Arts of Calligraphy and Counterrevolution | 11/20/1986 | See Source »

...education and prevention may encounter resistance. In the view of the Roman Catholic Church, for example, a Government campaign to urge use of condoms would be encouraging people to commit mortal sin. The church regards condoms as artificial contraceptive devices whose use, even to avoid lethal disease, is forbidden. In the view of the NAS panel and Surgeon General Koop, however, action must no longer be delayed. AIDS researchers have faced an exquisite dilemma: they initially felt obliged to calm public hysteria stirred by the false idea that AIDS can be spread by casual contact, but in the process some...

Author: /time Magazine | Title: Call to Battle | 11/10/1986 | See Source »

Applause, though forbidden by moderator MaryRichardson, rose periodically from both factionsin the audience, but generally favored Dukakis,except for a voluble Kariotis contingent on theright of the auditorium...

Author: By Martha A. Bridegam, | Title: Candidates Clash On Abortion, Spending | 10/28/1986 | See Source »

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