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Beyond Conventions. Merrill Lynch is fond of noting that it imposes on its employees a set of ethics that goes well beyond the requirements of law or the conventions of Wall Street. For example, no employee is allowed to obtain a bank loan by using securities as collateral. Unless he is about to retire, no officer is permitted to become a director of another company. Alone among big brokers, Merrill Lynch has refused to promote the sale of mutual-fund shares, reasoning that such dealings could lead to a conflict of interest in serving its big and little customers...

Author: /time Magazine | Title: Wall Street: Where It Really Hurts | 9/6/1968 | See Source »

Allied in their opposition to the war, the demonstrators are still divided on goals and methods. Tom Hayden, who traveled to North Viet Nam last year to obtain the release of three U.S. prisoners and who is now a chief organizer of the mobilization committee, said that "we are coming to Chicago to vomit on the politics of joy, to expose the secret decisions, upset the nightclub orgies, and face the Democratic Party with its illegitimacy and criminality." Members of Students for a Democratic Society, on the other hand, are only reluctantly joining the demonstrations. Their purpose in coming...

Author: /time Magazine | Title: Nation: DALEY CITY UNDER SIEGE | 8/30/1968 | See Source »

...medicines for Biafra were also stalled on the Spanish island of Fernando Po off the Nigerian coast and at mainland relief centers in Lagos and Enugu, the former Biafran capital now held by federal troops. Top United Nations and Red Cross mediators were in Nigeria last week trying to obtain entry into starving Biafra for the supplies, so far without success. Meanwhile, the fighting continued, as the Nigerians sought to shrink still further the territory defended by the surrounded Biafrans...

Author: /time Magazine | Title: Nigeria: Talking Again | 8/16/1968 | See Source »

...there is any prospect of a transplant, those physicians must not be members of the transplant team. On the need for this division of authority, Sir Leonard Mallen said: "Doctors must never be in a position where it could be said that a donor was murdered to obtain an organ for a transplant...

Author: /time Magazine | Title: Thanatology: Determination of Death | 8/16/1968 | See Source »

...creation of a third, more or less independent buffer state between North and South Viet Nam, carved out of both their provinces along the DMZ. A major drawback to these schemes is U.S. assurance to Laotian Prince Souvanna Phouma that the U.S. will also try in Paris to obtain withdrawal from Laos of North Vietnamese troops...

Author: /time Magazine | Title: Essay: HOW THE WAR IN VIET NAM MIGHT END | 8/9/1968 | See Source »

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