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...wrote Humorist Art Buchwald 19 years ago, during the last big wave of corporate mergers. These days the prospect that he wryly foresaw seems considerably less farfetched. In recent months such household names as ABC, TWA and Nabisco have agreed to sell out to other firms and cease to be independent enterprises. They will follow Bendix, Gulf Oil, Conoco and other giants that have already surrendered their separate identities. Since 1980, no fewer than 62 members of the FORTUNE 500 list of industrial behemoths have been swallowed by other companies...

Author: /time Magazine | Title: Bigger Yes, But Better? | 4/18/2005 | See Source »

Savage Grace, a deadpan chronicle of this cesspool of a household, is presented as a collage of documents and reminiscences, in the manner of the 1982 best seller Edie, another glimpse of self-destruction among the elite. The mélange is repetitive yet oddly incomplete, particularly about the family's finances. The absence of a sustained narrative and the mixed-up chronology demand a slow, close reading. There is no attempt at redeeming social importance, and one wonders why Brooks Baekeland and other central characters allowed such an invasion of privacy. Still, the story is evoked with arresting detail...

Author: /time Magazine | Title: Books: Cesspool | 4/18/2005 | See Source »

TIME generally avoids slang and jargon and feels gutter language is best left there. Among discouraged words are cop and kid. Also scowled upon are clichés--nothing should become a household name--and the likes of "tantamount to" and "may well," "arguably" and "recently." (One of the managing editor's most sweeping suggestions, arguably, was: "Approach with caution any word that ends with ly.") For consistency, numbers below 13 are always spelled out, and contractions are avoided, except in quotations. Particularly troublesome are transliterations from such languages as Chinese, Russian and Arabic. In TIME, Libya's leader is Gaddafi...

Author: /time Magazine | Title: A Letter from the Publisher: Aug. 19, 1985 | 4/18/2005 | See Source »

Indeed, merchandising firms are much in vogue with acquisition-minded managers. One day after the Macy's announcement, officers of Household International agreed to pay $700 million for the Chicago-based conglomerate's retailing units, which include Coast-to-Coast hardware and the Ben Franklin variety chain. Even small Wieboldt Stores, a 102-year-old Chicago concern, last week announced a $37.4 million deal that turned the firm into a private company...

Author: /time Magazine | Title: The Popular Game Of Going Private | 4/18/2005 | See Source »

...Sheed household, including Wilfrid's older sister Rosemary, was the most movable of holy feasts. One or both parents were continually getting "mysterious marching orders." Maisie did not exaggerate when she titled a reminiscence To and Fro upon the Earth. In 1940, when Wilfrid was nine, the call took the family to the U.S. and kept them hopping from way station to way station. Young Wilfrid, the eternal transfer student, felt like a newspaper tossed on a lawn. Not even when he was struck by polio at the age of 1 3 did his parents slow down their perpetual motion...

Author: /time Magazine | Title: Books: Pied Publishers | 4/18/2005 | See Source »

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