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Word: formula (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Although the group has not articulated the formula it used to derive the $4 million total, it is clear that some payment above the current level may be in order. University officials are fond of saying that a large part of the $2 million Harvard pays now is "voluntary," but such claims represent mere semantic distinctions. Of the three projects on which officials say Harvard makes some payment to the city, one is a housing project financed by Citicorp and therefore not legally tax-exempt. Another is a housing project on which Harvard agreed to make in-lieu...

Author: NO WRITER ATTRIBUTED | Title: Consider Fair Share | 10/4/1977 | See Source »

...with Jordan if it returned all the occupied territory. Hussein said in effect: "I am ready to open a Jordanian embassy in Israel, but you will have to pull out from the West Bank." Hussein also indicated that he was willing to negotiate along the lines of the Israeli formula-a little land for a little peace. In return for an eight-to ten-mile strip along the Jordan River, Jordan would sign a partial agreement. The alternative, he warned, was for Dayan to "go deal with the P.L.O...

Author: /time Magazine | Title: The World: The Minister and His Mystery Trip | 10/3/1977 | See Source »

...contend that the will is authentic. Next week a jury trial is scheduled to open in Las Vegas to decide on the validity of the Mormon will. If the will is declared to be a legal and binding document, Hughes' estate will be divided according to a complex formula among the medical institute, Rice University and the Universities of Texas, Nevada and California, and a number of organizations and individuals, including Dummar...

Author: /time Magazine | Title: Business: Howard Hughes' Messy Legacy | 10/3/1977 | See Source »

...Lummis, Hughes' heirs, who number 23 in all, are contesting the Mormon will. They want the estate to be divided according to a formula that would give nearly one-quarter to Lummis' mother and distribute the rest among the others. Davis, meanwhile, is starting his own case in which he will argue that although a written will has not been found, Hughes' real and declared intent was to leave his whole fortune to the medical institute. Even in Las Vegas, no one is willing to bet how long these trials will take or what the outcome will...

Author: /time Magazine | Title: Business: Howard Hughes' Messy Legacy | 10/3/1977 | See Source »

...through 1962), the new Trib will lack one important characteristic of its predecessor: news. Denson has designed a stylish, magazine-like tabloid filled with canned features from syndicates and wire services, graced with an aggressively pro-business editorial page and almost devoid of breaking stories. Saffir defends that formula, which was first presented in a June 27 preview edition, on the grounds that the city's three major dailies generally avoid syndicated material. "New Yorkers never get to see this stuff, so it will be fresh and new to them," he says. It is also cheaper than hiring reporters...

Author: /time Magazine | Title: The Press: Tribulations | 10/3/1977 | See Source »

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