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When an outsider moves to take control of a long-established local business, the process can be about as amicable as a custody fight in family court. Right now, two modest-sized U.S. banks, one in San Jose, Calif., the other in Pontiac, Mich., each with assets in the $300 million range, are embroiled in takeover proceedings that are even more acrimonious than usual. The reason: in both cases, the would-be investors are Arab nationals-the forerunners, as some impassioned local citizens see them, of a full-scale economic invasion by Middle East oil sheiks...

Author: /time Magazine | Title: INVESTMENT: A Local Arab Banker? | 2/3/1975 | See Source »

...Merker Menominee, Mich...

Author: /time Magazine | Title: Forum: The Public's Economic Program | 2/3/1975 | See Source »

Died. Richard Tucker, 60, Metropolitan Opera tenor since 1945; of a heart attack while on tour; in Kalamazoo, Mich, (see MUSIC...

Author: /time Magazine | Title: Milestones, Jan. 20, 1975 | 1/20/1975 | See Source »

Last week, on the eve of his 30th anniversary with New York's Metropolitan Opera, Tucker at 60 collapsed and died of a heart attack in Kalamazoo, Mich., where that night he had been scheduled to sing a joint recital with his friend, Baritone Robert Merrill. Among Met tenors only Giovanni Martinelli outlasted Tucker, with 32 seasons...

Author: /time Magazine | Title: Music: One of a Golden Dozen | 1/20/1975 | See Source »

...eyes of his peers, Johnson is to aviation what Wernher von Braun was to rocketry. From the time he took his first flight in a barnstorming Lincoln biplane from a pasture near his boyhood home of Ishpeming, Mich.-the pilot told him to learn to build planes, not fly them-Johnson has lived aviation. After studying aeronautical engineering at the University of Michigan, he landed a job with Lockheed in the Depression year of 1933, largely on the basis of an impressive wind-tunnel analysis he had made of a model of a forthcoming Lockheed plane; the young graduate recommended...

Author: /time Magazine | Title: Science: A Farewell to Kelly Johnson | 1/20/1975 | See Source »

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