Word: modern
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Dates: during 1980-1989
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Though he can claim credit for inventing many of the tools of modern corporate mergers, Rohatyn (pronounced Row-ah-tin) these days is like the sorcerer whose apprentices have run amuck. Last week, speaking before a group of TIME editors, he criticized the new excesses of takeover madness and warned that these practices are endangering the health of the American financial system. Said he: "Today things are getting badly out of hand...
Takeover struggles are the modern corporate equivalent of a duel of gladiators to the death. In the past it was often assumed that, as in love and war, all's fair in takeover battles. The judgment against Texaco, though, shows that there are still rules of the game and that it can be very costly to break them...
That blending involved some distinctly modern ideas. Maimonides argued that the biblical account of creation out of nothingness was a more plausible concept than the eternal universe of Aristotle. But he also declared boldly that if his philosophical thinking had substantiated Aristotle's view, he would simply have reinterpreted the Bible accordingly. Maimonides treated the sacrificial rituals commanded by biblical law as accommodations that God made to the Hebrews' pagan background...
...many accounts, Maimonides' legal compendium provided a strength that enabled Judaism to avoid factionalism during the Muslim and Christian persecutions of the Middle Ages. The Guide of the Perplexed influenced the metaphysical speculations of Thomas Aquinas and other Christian scholastics while being largely ignored by medieval Judaism. But for modern Jews, says Biblical Scholar Nahum Sarna of Brandeis University, Maimonides provides "the model of a person who is able to accept a religious position without compromising on intellectual honesty and freedom of inquiry...
...days the King of England could tell you what you said was treason, and you would have to be quarantined in the Tower. But then modern man developed Freedom of Speech (which, of course, I am now enjoying, as did Jeff Wise in "Not Taking Chances," December...