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...hurrah. Beame in his emotional TV appearance called for a congressional investigation of why New York's giant banks are refusing to underwrite new issues of city bonds, and New York Congressmen are going to start such a probe. Though the banks have reasons-the city's habit of borrowing against future revenues to pay current bills would frighten any creditor-they can hardly relish the prospect of scrutiny by unfriendly liberal Democrats. Municipal unions are trying to get their members to withdraw deposits from First National City Bank, which to them symbolizes the financial community...

Author: /time Magazine | Title: THE CITIES: A Financial Last Hurrah? | 6/9/1975 | See Source »

...champ ended his lecture within its predicted 30 minutes saying. "It's always a victory to finish a thing in a set time," alluding to his habit of predicting the round in which he will knock out his opponent...

Author: By Richard J. Doherty, | Title: Professor Muhammed Ali Delivers Lecture; Poems and Parables Fill Talk on Friendship | 6/9/1975 | See Source »

...movie is a fairly brutal character study up until the time Popeye finally, albeit tenuously, shakes off his habit. Then, as Doyle goes out for revenge, Frankenheimer changes gear smoothly into the sort of supercharged action adventure that gives memories of the original French Connection some stiff competition. Doyle and his French al lies track Charnier's minions to the ship yards, where they start a shooting match that ends with the threat of the cops getting drowned like water rats and Doyle getting crushed under the keel of a freighter. It is a flamboyant sequence, intended...

Author: /time Magazine | Title: Cinema: Leap Frog | 6/2/1975 | See Source »

...auditors have estimated that as much as 14.2% of the money goes to people who do not qualify for it. By enrolling in a drug program, narcotics addicts have been able to qualify for welfare payments. Since many of them continued to take drugs, the payments have subsidized their habit...

Author: /time Magazine | Title: CITIES: Saying No to New York | 5/26/1975 | See Source »

...author's fancy here is that an eccentric inventor, working in secrecy at St.-Tropez, is on the point of perfecting a solar-powered car. The Arabs are out to stop him before he sells his process to General Motors, thus weaning the West away from its petroleum habit. When all seems lost, one of the bad Arabs reveals himself to be a good Arab, determined to make peace with Israel and save the GM third-quarter profits. Some of the figures in this fantasy-notably an ancient tyrant in French Intelligence-are worth a smile...

Author: /time Magazine | Title: Books: Wild Easterns | 5/26/1975 | See Source »

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