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Since there is no public market for these stocks until the offering, the entrepreneurs behind the ventures have no accurate yardstick for measuring what they, or their companies, are worth. Finding out is likely to be a pleasant experience for K. Philip Hwang, 46, chairman of Tele Video Systems Inc., and Allen Paulson, 60, chairman of Gulfstream Aerospace Corp. Their companies are among the 145 now in registration with the Securities and Exchange Commission for first-time offerings. Preliminary prospectuses show that, at the prices anticipated by the underwriters, Hwang and Paulson will soon be worth about half a billion...

Author: /time Magazine | Title: How to Make a Cool Half-Billion | 3/14/1983 | See Source »

...Bohemian colleagues debated aesthetics and dribbled random patterns of canvas. Porter patiently ignored abstract expressionism, rejected as incomprehensible the artistic movements of the fifties and set about depicting "things as they were." Whit an optimistic and impressionistic flair all his own, he faithfully recorded the comfortable little world of pleasant surroundings and relaxed people he knew and loved so well. As the title of the first major exhibition of his work, now at the Museum of Fine Arts, puts it, Fairfield Porter was a "realist painter in an age of abstraction." And now, a full seven years after his death...

Author: By Even T. Barr, | Title: Preppy Perspective | 3/12/1983 | See Source »

...long the county has been dry, but, rather, whether it's ever been dry." One must call upon a distant memory to catch the root of this observance, and that would be the memory of one's response to a parental order to cease a pleasant but pagan dalliance. The result is defiance, brashly executed...

Author: /time Magazine | Title: In Alabama: Voting Dry and Practicing Wet | 3/7/1983 | See Source »

...price of gas drops 15?. If you've installed insulation, you don't just tear it out. People have made the investment, and they'll live with it." Coping with a bear market in oil will require some adjusting, but all things considered, it is a pleasant prospect. - By John Greenwald. Reported by William Stewart/Beirut and Bruce van Voorst/ New York, with other bureaus

Author: /time Magazine | Title: Oil: The War Begins | 3/7/1983 | See Source »

...that his refusal could be used as evidence. Writing the U.S. high court's 7-to-2 decision, Sandra Day O'Connor contended that there was no compulsion, since the driver was free to take the test. The choice, she admitted, "will not be an easy or pleasant one for a suspect to make. But the criminal process often requires suspects and defendants to make difficult choices...

Author: /time Magazine | Title: Law: Flunked Tests | 3/7/1983 | See Source »

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