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...earnings of $130 million in the last fiscal year, and it is roughly four times larger than Brascan. To help finance the takeover, Brascan would have to borrow $700 million from the Canadian Imperial Bank of Commerce, which by no small coincidence is also Woolworth's largest lending bank worldwide. In a suit to block the bid, Woolworth charged that Canadian Imperial would never lend such a sum to a company of Brascan's size unless the bank had confidential information about Woolworth's bright future prospects and was sharing the inside dope with Brascan...

Author: /time Magazine | Title: Business: Woolworth Woo | 4/23/1979 | See Source »

This newest burst of creative activity at Woodstock would seem to lend support to those, from Coleridge to Castaneda, who believe that nature's creative force springs from very specific spots on earth. Some forty miles north of the actual site of the festival that burnt its name onto the map, Woodstock might be any sleepy little town at the base of the Catskills, but for the amazing variety of artistic spirits that seem to gravitate there. The tourists shops and gaudy "art" galleries that sprang up at the end of the 60's (actually a few years earlier, when...

Author: By Paul Davison, | Title: Mingus at Eight | 4/19/1979 | See Source »

...association with Harvard is clearly a bargain for ARCO. But the money involved should not be enough to persuade Harvard to lend its prestige to this unsavory outfit or to compromise its own integrity...

Author: By Mark R. Anspach, | Title: The ARCO Connection | 4/16/1979 | See Source »

After seeing some shows, one is tempted to say, "I gave at the office." Moral solicitation for worthy causes is an old and honorable U.S. custom. So is a distaste for indignity and injustice. But, barring isolated instances, the theater does not lend itself comfortably to social polemics and underdog rhetoric. What too often happens, and Zoot Suit is a case in point, is the reduction of the stage to a soapbox and the meaningless ritual of preaching to the already converted...

Author: /time Magazine | Title: Theater: Threads Bare | 4/9/1979 | See Source »

...previously been the rule. Rockefeller claimed that projects funded by moral obligation bonds would pay for themselves, but because the government invested them in non-revenue producing projects, they did not. When the Urban Development Corporation defaulted on its moral obligation bonds in February 1975, no bank would lend the city any more money...

Author: By Jeffrey R. Toobin, | Title: The Coroner's Verdict | 4/6/1979 | See Source »

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