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...such petrowealth power play would, of course, be dangerous for world political as well as financial stability, and so far the Saudis show no sign of undertaking it. That is to be expected. As the holder of more dollars than it knows what to do with, the Saudi Arabian Monetary Agency stands to gain much by caution and prudence, and to risk everything by impulsive actions that upset the world's finances. With enormous wealth comes large responsibility, and SAMA seems up to the challenge. -By Charles Alexander. Reported by Gisela Bolte/Washington and Adam Zagorin/Beirut

Author: /time Magazine | Title: Squirreling Away $100 Billion | 7/13/1981 | See Source »

Other critics have different objections. William Fore, head of the communications commission of the National Council of Churches, has supported many boycotts and is a longtime opponent of televised sex and violence. He questions the use of boycotts when there are other remedies available-for example, share holder proposals at annual meetings to ban company advertisements on excessively violent shows. One such N.C.C. petition succeeded, Fore said, in persuading General Mills executives to adopt the policy voluntarily. Peggy Charren of Newtonville, Mass., a Boston suburb, is head of Action for Children's Television, which has successfully lobbied for better...

Author: /time Magazine | Title: Another Kind of Ratings War | 7/6/1981 | See Source »

...enough. During the streak, a contingent of fans showed up at Wrigley Field wearing paper bags over their heads, and another group wore disguises. "We're too embarrassed to show our faces," said Disc Jockey Bob Del Giorno from behind a fake nose and eyeglasses. Season Ticket Holder Al Bernstein, however, is one of the many who declined to join the covered-face revolt...

Author: /time Magazine | Title: Sport: You Can Look It Up | 5/11/1981 | See Source »

M.B.A. Master of Business Administration. The piece of paper certifies that the holder knows things that other people do not know about how to make money, a lot of money. As recently as 1960, they were a rarity: only 4,643 such diplomas were granted. By 1970, the figure had leaped to 21,599, and this year it will top 54,000. The number of institutions granting graduate degrees in business and management has soared from 303 in 1970 to nearly 500 today. All told, there are now slightly more than half a million M.B.A. holders-also known as just...

Author: /time Magazine | Title: The Money Chase | 5/4/1981 | See Source »

Yale lived up to its reputation as the reigning New England champ and co-holder of the Ivy League title by forcing the Crimson to struggle for every...

Author: By Marco L. Quazzo, | Title: Yale Edges Women's Tennis Team in 5-4 Decision | 4/20/1981 | See Source »

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