Word: musts
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Dates: during 1960-1969
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Many critics fault ROTC on strictly academic grounds. As they see it, such boring trade-school courses as "military staff operations" have no more business being part of the college curriculum than the officer-instructors sent by the Pentagon-who must be accorded the rank and privileges of a full professor-have being part of the faculty. While overlooking the presence of similar non-military courses (accounting, physical education), the critics also tend to forget that universities themselves approve the ROTC instructors, many of whom are rising young officers who take graduate courses on the side. At Columbia, for example...
Member churches will retain their own identities, doctrines and devotions. The constitution of the conference com mits them to "doing together all things save those which we must in conscience and obedience do separately, cultivating interchurch fellowships throughout the state and fostering dialogue in the realm of faith and order." In the near future, the social-action programs of the Texas Catholic Conference will probably be merged with similar programs run by the council. Eventually, predicted San Antonio's Roman Catholic Archbishop Robert E. Lucey, the work of the new organization will extend into "the whole field...
...ones ? have not yet convinced skeptics that they have the talent to run the huge structures that they have built. Warns Chairman Willard F. Rockwell Jr. of North American-Rockwell, the aerospace-electronics combine: "Sooner or later, after all the crazy speculation, after all the manipulations, those acquisitions must be operated profitably. And it isn't easy to find the management." Conglomerates must cope with the problems of maturity ? the inevitable day when the pace of expansion slackens. Then, without the continuous growth-through-merger that has too often been the basis of their Wall Street appeal...
...doubly attractive because they are generally convertible into common stock at an above-the-market price. For the companies that issue them, debentures offer an even bigger tax break. The interest payments can be deducted from corporate taxable income as a business expense. On the other hand, stock dividends must come from after-tax earnings. Using debentures, conglomerates can often grab control of other companies at little or no real cost to themselves. For example, Victor Posner, Miami conglomerator who has plucked a personal fortune from slums and money-losing corporations, has just captured Sharon Steel (annual sales: $225 million...
...ultimately, the Maysles brothers are crippled by the inherent limitations of their technique. Although they use flash-forwards and other devices of fictional film, they are still bound to include only what actually happened in front of their camera. They cannot re-create or conjecture; they must rely solely on the moment itself. Federico Fellini once asked, "Why should people go to the movies, if films only show reality through a very cold, objective eye? It would be much better just to walk around in the street." Salesman is a walk in a fascinating street, but the street leads only...