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Word: pasts (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Typical of the many cities or states that face the pension squeeze is Hamtramck, Mich. (pop. 26,000), a working-class town of neat clapboard houses skirting Detroit. Payments for retired Hamtramck public employees could be halted next year. Pension promises in the past were so generous while funding was so skimpy that 99% of the town's property tax income now must be funneled directly into the police and fire pension funds to keep them afloat. One former city employee who contributed only $35 to his retirement plan when he was on the payroll has collected...

Author: /time Magazine | Title: Business: Danger: Pension Perils Ahead | 9/24/1979 | See Source »

Imperial, which is Britain's sixth largest corporation, with earnings of $276.5 million on sales of $7.71 billion in the past fiscal year, first flourished in tobacco and now operates 5,500 pubs and 30 hotels. It has long been seeking a sizable U.S.beachhead. Buying one is relatively painless because the rising pound (it has climbed in value from $ 1.70 to $2.20 in the past two years) has cut the price of U.S. properties. Though Howard Johnson's management will stay on, the firm is expected to be more aggressive in marketing and expanding, notably on the tight...

Author: /time Magazine | Title: Business: A Name Acquired, Another Retired | 9/24/1979 | See Source »

...week on the tennis tour with two weeks of schoolwork and practice. That regimen allows for plenty of tournament play and an A average as well. "I just want my time at home to be normal," she says. Tracy has earned well in excess of $300,000 in the past year, so her $1-a-week allowance has been suspended. But she still must ask her mother for clothes money. Her older sister and two older brothers were serious tennis competitors; a third, John, 22, plays on the men's tour. "I'm the baby...

Author: /time Magazine | Title: Sport: She's Not a Kid Any More | 9/24/1979 | See Source »

...have been born around 1915 in County Donegal, Ireland. Other facts of his life are equally vague. But to two London doctors who spent four years investigating hospital records in the British Isles, one thing about Mcllroy is certain: he is an incurable hospital addict. In the past 34 years he has been admitted at least 207 times to 68 different hospitals in Ireland, England, Scotland and Wales for a breathtaking variety of diseases and disorders. Indeed Mcllroy seems beyond doubt to be the alltime champion sufferer of Munchausen's syndrome...

Author: /time Magazine | Title: Medicine: Hospital Addict | 9/24/1979 | See Source »

...problem as long as Americans believe that salvation lies in a pill. Says Pursch: "These drugs make people feel better because they make them feel dull and insensitive. But they don't solve anything." His familiar message may be getting through; one survey shows that in the past six years, use of minor tranquilizers in the U.S. has dropped...

Author: /time Magazine | Title: Medicine: Tranquil Tales | 9/24/1979 | See Source »

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