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...Crimson once reported that prior to 1972, the Harvard Treasurer's Office dealt with many shareholder resolutions before companies in the University portfolio by tossing them into the trashcan upon receipt. That was back when Treasurer George F. Bennet '33--once a member of the Ford Motor Company Board of Directors--was in charge. Under Bennet's direction. Harvard never voted against management in any of the "proxy fights" that occurred within companies in the University's portfolio...

Author: By Michael J. Abramowitz, | Title: The Ethics of Investment | 5/7/1982 | See Source »

...worldwide good will by sponsoring such DXpeditions. His foundation had supplied all of the radio gear, while the trip's cost (more than $10,000) was split among the nine operators. Ackley set off with two crewmen in a 12-ft. dinghy, powered by a 25-h.p. outboard motor. One crewman skillfully maneuvered the tiny craft through the heavy seas to put Ackley at the ladder on the crest of a wave. He scrambled up the 16 suspended steps-and the ladder held...

Author: /time Magazine | Title: In the Caribbean: Hams and Goats | 5/3/1982 | See Source »

...Direct from the Motor City, the soul capital of America, the man of the hour, the man with the power, the hottest soul sensation since Marvin Gaye and Smokey Robinson; introducing the wonderful, the marvelous . . . Lily Tomlin!" Lily Tomlin? In her upcoming television special, Tomlin eerily metamorphoses into Purvis Hawkins, "the Messiah of Soul." Purvis is one of three new characters who will join Tomlin's company of creations. The other newcomers: Holly Oneness, a burned-out '60s folk singer, and Agnes Angst, a manic-depressive deeply into the "heavy mental" new wave sound...

Author: /time Magazine | Title: People: May 3, 1982 | 5/3/1982 | See Source »

...moral problem it at first appears, but purely a practical one. Yes, a machine should think as much as it can, because it can only think in limited terms. Hubert Dreyfus, a philosophy professor at Berkeley, observes that "all aspects of human thought, including nonformal aspects like moods, sensory-motor skills and long-range self-interpretations, are so interrelated that one cannot substitute an abstractable web of explicit beliefs for the whole cloth of our concrete everyday practice." Marianne Moore saw the web her own way: "The mind is an enchanting thing,/ is an enchanted thing/ like the glaze...

Author: /time Magazine | Title: Essay: The Mind in the Machine | 5/3/1982 | See Source »

Today, however, Hiroshima-based Toyo is flourishing. Its 1981 profits reached a record $84.9 million, while sales of $4.9 billion made the firm the world's ninth largest automaker and the third biggest in Japan, behind Toyota and Nissan. About 10% of those sales went to the Ford Motor Co., which buys Toyo parts and cars and has owned 24.4% of the company since...

Author: /time Magazine | Title: Comeback Kids | 4/26/1982 | See Source »

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