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...vice president with Chase Manhattan: "Since we couldn't offer market value on savings, we needed a branch on almost every corner to attract business." The total number of branches of banks in the U.S. increased from 21,880 in 1970 to 43,995 in 1981, the peak year...

Author: /time Magazine | Title: Branch Pruning | 9/12/1983 | See Source »

...solar system may be the most important finding so far made by IRAS, a joint effort of the U.S., Britain and The Netherlands that was launched last January. When Astronomers H.H. Aumann of the Jet Propulsion Laboratory, which manages the project for NASA, and Fred Gillett of Kitt Peak National Observatory in Arizona aimed the instrument at Vega, they detected an unexpectedly strong flood of infrared radiation, or heat. (IRAS is the first orbital telescope that operates in the infrared frequency range, taking the temperature of the various components of the universe...

Author: /time Magazine | Title: Science: Another World? | 8/22/1983 | See Source »

...figures that prompted these effusions were indeed startlingly cheerful. After six months of disappointingly slow declines from its 42-year peak of 10.8% set last December, the U.S. unemployment rate suddenly plummeted in July. It fell to 9.5% of all those looking for work (not counting members of the armed forces), from an even 10% in June. Not since December 1959, almost a quarter-century earlier, had the rate dropped so much in a single month...

Author: /time Magazine | Title: Going Back to Work | 8/15/1983 | See Source »

...major steelmaker, however, is trying to help dislocated employees understand that the end of a steelmaking job is not the end of the road. Bethlehem, where employment has gone from a peak of 115,000 in 1975 to 48,500 at present, was the first major U.S. corporation to develop a comprehensive program to deal with the emotional impact of permanent layoffs...

Author: /time Magazine | Title: After the Mill Shut Down | 8/15/1983 | See Source »

...course of this transition may be an important element in the "crib deaths" that can mysteriously strike during the first year. The struggle to escape from accidental smothering in bedclothes, known as the "respiratory occlusion reflex," is automatic at birth but then needs to be learned. Says Lipsitt: "The peak of 'disarray' is right at the point when crib death is most likely to occur, as if the baby doesn't know whether to be reflexive or cognitive. Suppose a child gets into a compromising situation where it has lost the reflex and has not acquired...

Author: /time Magazine | Title: What Do Babies Know? | 8/15/1983 | See Source »

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