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Since the SEC began probing Wall Street ten months ago, the hot glare of unfavorable publicity has focused almost entirely on the American Stock Exchange (TIME, May 26 et seq.). Last week the spotlight abruptly swung to the Amex's stern older brother, the New York Stock Exchange. After three weeks of deliberation, a federal grand jury indicted J. (for James) Truman Bidwell, 58, chairman of the board of governors of the Exchange, on the charge that he had "willfully and knowingly" evaded payment of $55,808.83 in income taxes for 1956-57. Within minutes of the announcement, Bidwell...

Author: /time Magazine | Title: Wall Street: Under the Spotlight | 3/9/1962 | See Source »

...motorman's pal," which was attached to the lining of his space suit. On his second orbit, he again ran into the field of luminous particles; he turned his capsule around at a 180° angle to see them better, but most of them were eventually lost in the glare...

Author: /time Magazine | Title: Nation: Space: The Flight | 3/2/1962 | See Source »

Still unsolved, however, is the problem of sometimes deadly glare from the white headlights of oncoming cars. A workable solution might be found by using amber-colored headlights here as well. This is done in France...

Author: /time Magazine | Title: Letters: Feb. 9, 1962 | 2/9/1962 | See Source »

...Automobile Manufacturers Association, which announced the new design switch last week, began testing new colors in 1958. It concluded that amber signals are more readily observable by oncoming motorists. The customary white lamps too often get lost in the glare of white headlights at night, or in sun reflection (from chrome) by day. Before the automakers could crank up the change, they had to get 25 states to change motor vehicle laws to allow the use of the amber lamps. Oklahoma-the last state-agreed last July...

Author: /time Magazine | Title: Design: Amber Wink | 1/26/1962 | See Source »

...dingy downtown headquarters of Hearst's Los Angeles morning Examiner stepped Managing Editor William A. Townes, 52. Suddenly he was trapped in the glare of television floodlights. Bill Stout, newscaster for Los Angeles station KTLA, had his microphone at the ready. Could Townes confirm persistent reports that the Examiner was about to die? No, said Townes, he could not. Then he added quietly: "I am sad because I believe the rumors are true...

Author: /time Magazine | Title: The Press: Death in Los Angeles | 1/12/1962 | See Source »

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