Word: lightman
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Dates: during 1980-1989
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...library prepares a more creative reply. For a story on the skyrocketing price of gold last year, for example, it calculated that a suitcase of the precious metal would buy a tanker of crude oil. "Anything we are asked we will try to answer," says Chief Librarian Ben Lightman, who has been ferreting facts at Time Inc. for 28 years. "If we are unable to locate the information ourselves, we will direct the writer or researcher to a reliable source or authority...
...TIME alone. The library contains half a million information folders on people, companies and news topics, 87,000 books and government publications and a running collection of several hundred periodicals. About the only thing it lacks is space, so extraneous or outdated materials are constantly being weeded out. Says Lightman: "We try to keep a rough balance between what comes in and what goes...
...independent community of scholars," explains Executive Director Marjorie Lightman, 39, who taught ancient history at New York City's Hunter College until 1976 and is one of the institute's founders. "To be a scholar, you need people around you who want to spend time in the intellectual process. You need criticism, argument, debate. We felt we could go on with these things, even though many of us are no longer making a living in the academic world...
...institute charges dues of up to $50 a year but has no endowment. However, it has helped raise about $450,000 from a variety of foundations to finance members' projects. "A good grant application takes nine months from raw idea to finished application," says Lightman. "An economist tells me that we need ten applications pending all the time in order for the institute to stay alive." I.R.H. also administers the grants, charging only a fraction of what universities charge for administrative overhead...