Word: populars
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Dates: during 1970-1979
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That concentration worries Government officials, who are afraid that institutions that administer pension funds are investing too much money in a few popular stocks. The Employee Retirement Income Security Act, enacted last year, has been interpreted by many institutions as limiting holdings of any one stock to 5% of their portfolios. IBM's move allows institutions overloaded with its stock to sell shares back to the company without depressing the market. Given the fondness of money managers for IBM, some analysts wonder whether the $280 offer will actually persuade many institutions to sell. Still, the offer strikes a balance...
Adler's list of 131 works by 73 writers is, quite naturally, eclectic. It extends from the popular (Orwell's Animal Farm) to the ponderous (Sartre's Being and Nothingness). To stimulate the board, Adler professes to consider his selections "woefully inadequate" and urges anyone to "challenge the soundness of my nominations...
...went. And in its place has risen a new public attitude that seems the antithesis of the former awe. That awe has given way to a new skepticism, the adulation to heckling. To the bewilderment of much of the scientific community, its past triumphs have been downgraded, and popular excitement over new achievements, like snapshots from Mars, seems to wane with the closing words of the evening news. Sci-Tech's promises for the future, far from being welcomed as harbingers of Utopia, now seem too often to be threats. Fears that genetic tinkering might produce a Doomsday...
America's current spirit of skepticism toward Sci-Tech is, above all, the popular response to that question. The answer is a no so resounding that when it came, it was mistaken for a mortal war on science. So alarmed was Philip Handler, president of the National Academy of Sciences, that in 1972 he preached publicly on the urgent need to stave off the "crumbling of the scientific enterprise." Today, with that enterprise clearly waxing (federal funding for science this year: $24.7 billion, up 67% in eight years), Handler's excessive reaction may seem like that...
...gold filling in a mouth full of decay." But how unpredictable history can be, as kings and queens are the first to know. Osborne has long since been dethroned, while Her Majesty -cresting on '70s nostalgia and God only knows what other divine rights -has never been more popular...