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...used to be that a University could simply lay its endowment into bonds or a few good blue-chip stocks, and Harvard was no exception. But during the last decade, investing has become a frenzied, anxious business, and the potential for overnight disaster strikes most acutely at institutions like Harvard that rely on their endowment to provide much of their income...

Author: By Peter J. Howe, | Title: Busy With Harvard's Billions | 6/7/1984 | See Source »

...dream. Says Louis DeSantis, who has sold New York lottery tickets at his Lower Manhattan newsstand since 1967: "People know they're not going to get rich on what they're making, so they invest a dollar and wish." But despite well-publicized accounts of overnight wealth (see box), a person is about 31½ times as likely to be killed by lightning as to win New York State's Lotto jackpot. "Sure, somebody wins," says Myron Powell, a retired Congregational minister who fought against the Massachusetts lottery a decade ago. "But 900,000 people lose, most...

Author: /time Magazine | Title: Gambling on a Way to Trim Taxes | 5/28/1984 | See Source »

That moral and symbolic victory was achieved in the face of seemingly insuperable odds. The shocking, still unsolved assassination of Opposition Leader Benigno ("Ninoy") Aquino Jr. in Manila last August awoke almost overnight a vigorous and vociferous opposition to Marcos' government. When Marcos refused to meet demands to guarantee the legitimacy of the elections, which had been previously scheduled, Aquino's younger brother Agapito ("Butz"), together with former Senators Jose Diokno and Lorenzo Tañada, resolved to boycott the voting. Salvador Laurel and other Marcos opponents disagreed. While conceding that they had little hope against the money...

Author: /time Magazine | Title: The Philippines: A Message for Marcos | 5/28/1984 | See Source »

...also brushed with fantasy, whimsy and quite real magic. One day before Cajun-raised Governor Edwin Edwards opened the exposition by intoning "Laissez les bans temps rouler! Let the good times roll!" the grounds had been a construction site. But somehow overnight the fair was mostly ready to go. By the end of the first week, the last two pavilions were finally finished dressing. And everything painted, powdered and primped looked alluring, if slightly deshabille...

Author: /time Magazine | Title: Living: The Worldliest World's Fair | 5/28/1984 | See Source »

...years a widely held belief was that arresting the abuser was not the best way to prevent repetition of domestic violence. It is argued that arresting the men, fining them, or putting them in jail overnight only made them angrier and more likely to repeat the violence...

Author: By Rebecca K. Kramnick, | Title: Blaming the Victims | 5/25/1984 | See Source »

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