Word: jannings
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Dates: during 1970-1979
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...hope your assessment of the American attitude toward the energy crisis [Jan. 21] is incorrect. Americans must realize that even if the present "crisis" has been engineered by the oil companies, the country must still admit to having squandered energy for much too long a time. If the crisis is shown to have been fabricated by the oil companies, let that serve to flood the companies with public indignation. But their possible guilt must never become an excuse to let us return to our thoughtless, wasteful expenditures of energy...
...Alaska kids always go to school in the dark [Jan. 21] and come home that way too. At -46° no one can see more than 10 ft. ahead because of the ice fog. Maybe that's why we've had no rise in crime. We just can't find each other...
...Congressmen should go home and check their constituents before deciding what to do about Watergate [Jan. 14]? That's like standing by a cesspool and asking someone else if it stinks before you decide yourself. What ever happened to men who make up their own minds on the basis of what is morally right or wrong rather than on what is politically expedient...
Last week, confirming widespread rumors that he planned drastic changes in his expanded Wall Street empire (TIME, Jan. 28), Perot set about closing down duPont Walston, the nation's second largest brokerage house (after Merrill Lynch). The firm was the old Walston & Co. (renamed duPont Walston Inc.), an ailing brokerage that Perot had partially consolidated with duPont, Glore Forgan last July. Whatever the mistakes of the Texas millionaire in his 32-month binge in the securities industry, at least he still knew how to prevent panic. Walston's 143 offices remained temporarily open for business...
Hughes was just indicted for stock manipulation of still another airline (TIME, Jan 7). Tinnin's book suggests that he used his investment in TWA mainly as a tax vehicle to offset the profits from his Hughes Tool Co. Most of all, the TWA-Hughes saga is a damning indictment of the legal system that serves the very rich. Indeed, Justice Burger, dissenting from the Supreme Court's 6-2 pro-Hughes decision, referred to the monstrous litigation as a 20th century version of Bleak House, in which Charles Dickens argued that the "grand principle" of the legal...