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...impact of a Moscow pullout will be mostly indirect. No one was counting on the Soviet Union or its satellites to provide more than a tiny fraction of the 600,000 tourists expected to visit Los Angeles during the 16 days of Olympic competition. The big question was whether popular U.S. interest in the Games, abetted by one of the most intensive publicity campaigns ever mounted for a sports event, could be sustained with so many star performers missing. On the answer rode millions of dollars in sales of everything from air fares to souvenir trinkets, as well...

Author: /time Magazine | Title: Olympics: Auditing the Capitalist Games | 5/21/1984 | See Source »

...America's greatest philanthropists; in Mount Kisco, N.Y. The couple met in 1920 when he was struggling to start his new venture, and she began married life stuffing solicitation envelopes in a Greenwich Village basement. As the Digest quickly prospered, she kept her editorial influence largely indirect. But it was she who took the lead in the childless Wallaces' vast (more than $60 million over 30 years) charitable efforts. Personally overseeing many of the projects that she funded, Wallace had a special interest in gifts that continued her two passions: art and gardening. The millions she donated...

Author: /time Magazine | Title: Milestones: May 21, 1984 | 5/21/1984 | See Source »

...Federal Reserve assured private lenders that the $100 million they contributed to the bailout would be repaid. The Federal Reserve told banks that Argentina had more than that amount on deposit with it and that those funds would be used to pay off the loan. Given that indirect guarantee, the private banks charged an interest rate that was only one-eighth of a percentage point more than what they charge one another on loans...

Author: /time Magazine | Title: Unaccountable | 4/23/1984 | See Source »

...Josef Patsch of Houston's Baylor College of Medicine: "You need sustained aerobic exercise for 20 minutes at least four times a week to really benefit." A less strenuous way to raise HDL levels may be to have a daily shot or two of alcohol. "The evidence is indirect," reports Epidemiologist Stephen Hulley of the University of California at San Francisco, "but social drinkers have HDL levels as much as 33% higher than those found in teetotalers." On a more sober note, U.C.S.F.'s Dr. Richard Havel warns: "Anyone who recommends raising HDL by drinking is playing with...

Author: /time Magazine | Title: Hold the Eggs and Butter | 3/26/1984 | See Source »

Lang agrees that researchers should be accountable for their grants but objects strongly to the format in A-21. At Yale he spearheaded a drive to create a new solution to the problem, now in a two-year experimental stage. Yale negotiates a fixed rate for indirect cost reimbursement (the purpose of effort reporting) and requires professors to sign forms saying they have spent their research grants honestly...

Author: By David L. Yermack, | Title: Putting the Squeeze on Bureaucrats | 3/21/1984 | See Source »

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