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Coming so soon after the near foundering of Bernard Cornfeld's Investors Overseas Services Ltd., the mess is sure to heighten European misgivings about all U.S.-controlled financial institutions. More important, the bank's closing will doubtless influence the Swiss Senate, which begins debate this week on a bill to tighten the country's banking regulations. "The scandal can only help make the changes in the law more severe," says R.C. Harpham, First National City Bank's vice president in Switzerland...

Author: /time Magazine | Title: Banking: Scandal in Basel | 10/5/1970 | See Source »

...water bed responds in kind to any movement on it. Restrained motion produces only a soothing, rippling reaction, but more active movements heighten the response. "You can't fight the water," says Hall, "you have to go with it." Several acquaintances who have tested the water bed for Hall have equated their sensations with returning to the womb. In fact, Hall solemnly says, it has been suggested that the invention be called the "Bedwomb." So far, he has resisted the idea...

Author: /time Magazine | Title: Modern Living: The Waves of Morpheus | 9/7/1970 | See Source »

Another distressing note is a persistent background wail that is apparently music supposed to heighten the film's dramatic impact. Instead, the sound evokes visions of some poor soul being tortured in the Tower of London by Vincent Price. The film's ultimate effect, as Mishkin would say, is enough to drive an audience meshugge...

Author: /time Magazine | Title: Theater: Meshugge | 8/3/1970 | See Source »

Obligations begin with group membership. The tighter and more selective cells and parties can heighten willfulness to impose greater obligations. By contrast, the state demands only a minimum commitment. Should these secondary associations make total claims to primacy, they become revolutionary. But Walzer is quick to hedge this democratic right of revolution (rescued from Locke, not Marx) in an actual democracy...

Author: By Thomas Geoghegan, | Title: Books Walzer's Obligations | 7/2/1970 | See Source »

Directed by Nelo Risi, who also collaborated on the script, Diary is candid without being voyeuristic and sympathetic without being mawkish. Risi's gentle direction never obtrudes, and even the flashbacks do not obstruct. The film's muted colors and luxuriant landscapes heighten the dramatic impact...

Author: /time Magazine | Title: Cinema: Darkness to Light | 6/22/1970 | See Source »

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