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...Amexco hardly needs currency crises to prosper. Diversification is turning it into more of an insurance and banking colossus than a travel company. Fireman's Fund, a group of life and property insurers that American Express acquired in 1968, accounted for nearly two-thirds of the company's $1.6 billion revenues last year. In addition Amexco runs an international banking division with $1.8 billion in assets, manages five mutual funds, and owns 25% of Donaldson, Lufkin & Jenrette, a major Wall Street investment house...

Author: /time Magazine | Title: CORPORATIONS: Embassies of Money | 4/30/1973 | See Source »

...farmer could do what pleases him most: produce and produce and produce without worrying as much as before about price supports or acreage controls. A sensible policy aimed at increasing production, while providing help for those who have to leave the land, would benefit the whole nation. Farmers would prosper as never before, and consumers would not have to demonstrate, picket and boycott in protest against the high cost of eating...

Author: /time Magazine | Title: INFLATION: Changing Farm Policy to Cut Food Prices | 4/9/1973 | See Source »

Their deliberations are immensely complicated by the blunt fact that, heavily traveled as the Atlantic route is, there is still not enough business to enable all of the 2 1 scheduled and score or so of nonscheduled carriers flying it to prosper. Meanwhile, confusion over fares is soaring. Travelers planning spring and summer vacations overseas are being forced to make reservations without knowing just how much they will eventually have to pay, and thus what they can afford to spend on the ground...

Author: /time Magazine | Title: AIRLINES: Keeping Fares Aloft | 3/12/1973 | See Source »

...dictée, as every French schoolchild learns to his sorrow, is a dictation exercise full of traps for the unwary. Prosper Mérimée, author of the original Carmen, once offered a 248-word specimen as a test at the imperial court in Compiègne, and Napoleon III committed 75 errors. (Empress Eugènie made only 62.) Nothing much has changed since then in the stern regulations governing how the French teach their language to their children. Grading is fierce (more than five mistakes on a dictée bring a zero...

Author: /time Magazine | Title: Education: A Cure for a Plague | 1/1/1973 | See Source »

...minimum then common in department stores. Nearly 50 years ago, he decided that the business needed professional managers rather than a merchant at the top, and he gradually withdrew from active participation to devote most of his time to philanthropy and hobbies. The chain continued to prosper, and now includes 1,190 stores in 43 states with annual sales of $1.5 billion...

Author: /time Magazine | Title: Milestones, Aug. 21, 1972 | 8/21/1972 | See Source »

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