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...violation involves Dr. John P. Merrill '23, associate professor of Medicine, who is supervisor of the artificial kidney program at Babcock. This year's prospectus of National Medical Care, Inc. (NMC)--the company which owns Babcock--listed Merrill as a member of its Medical Advisory Board. This violates a provision of the contract which states that the supervisor should have no financial interest whatsoever in the operation...

Author: NO WRITER ATTRIBUTED | Title: Council Denies Hospital Artificial Kidney License | 10/23/1971 | See Source »

...hour unstructured class, which students could elect to take in place of their study halls. They planned it blithely assuming that the chance to make King Tut journals and cigar boxes instead of wasting time pretending to be busy, would thrill the kids. And besides the fun and games prospectus, they went a step further and assured the kids that there would be no grades, and that the students would be allowed to leave the classroom at any time, without asking teacher. With these ground rules, Herndon quickly discovered that his kids would rather leave his Creative Arts (CA) class...

Author: By Christopher Ma, | Title: Back to School | 9/30/1971 | See Source »

...prospectus shows that Playboy is still the most profitable part of Hefner's expanding empire. The magazine accounted for more than half the corporation's $132 million revenue last year, and for most of its $9,200,000 net income. Playboy Enterprises' other divisions are not doing nearly so well. Pretax profits from the 17 key clubs dropped slightly last year from $3,400,000 to $3,200,000. The company's hotel operations dipped into the red and showed a loss of $1,700,000 in 1970; a $2,200,000 deficit at the Playboy...

Author: /time Magazine | Title: MILLIONAIRES: Playboy Goes Public | 9/27/1971 | See Source »

Cash Drain. In turning to the stock market to raise capital, the Post Co. offered several reasons in its prospectus. It said that the lack of a public market for its stock had inhibited diversification of the investment portfolio of its profit-sharing trust, had complicated the estate planning of the controlling stockholders, and had foreclosed the company from obtaining loans to finance its growth, including a new Post plant in downtown Washington. In the past, the company had assumed an obligation to repurchase the stock it distributed to employees. The prospectus said that "over the past' three years...

Author: /time Magazine | Title: The Press: Opening the Books | 5/24/1971 | See Source »

...That prospectus in the Monthly's first issue in Feb. 1969 promised readers "to help you understand our system of politics and government, where it breaks down, why it breaks down and what can be done to make it work." To the Monthly, no territory is off-limits; it has zeroed in on Congress, lobbyists, governmental agencies, press, labor and management. More often than not, Peters' material is not written by journalists but by those who were or still are Government insiders and veterans of the bureaucratic wars...

Author: /time Magazine | Title: The Press: Low-Keyed Muckrakers | 3/29/1971 | See Source »

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