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...Employee Retirement Income Security Act, which set up the Pension Benefit Guaranty Corporation to assure the payment of vested pensions. The aim was to prevent situations like the one that arose in 1964 when Studebaker stopped production and workers were left with little or no benefits. Now the pension protector is itself troubled. Twice the Pension Corporation has asked Congress to postpone putting into effect new provisions on multiemployer pension funds for fear that companies or unions would dump their programs and leave the Government to pick up the pieces. The largest net claim for a bankrupt firm to date...

Author: /time Magazine | Title: Business: Danger: Pension Perils Ahead | 9/24/1979 | See Source »

...pious Muslim does not beseech God for favors, either material or spiritual, so much as for guidance and mercy. The word Islam means submission, and the true Muslim submits his life to the divine will of a deity who is the Compassionate, the All Knowing, the Strong, the Protector, the All Powerful-to cite only a few of the traditional 99 "most Beautiful Names...

Author: /time Magazine | Title: Special Report: A Faith of Law and Submission | 4/16/1979 | See Source »

Teng works in a wary, complementary partnership with Hua. The Hua-Teng relationship has a kind of model in the roles and personalities of Mao and of Chou Enlai, who was Teng's sponsor and protector. While Mao was a visionary and Hua remains his dogmatist and disciple, Chou, like Teng, was a flexible realist. There is still undoubtedly personal as well as ideological conflict between Teng and Hua. Hua, for example, approved Teng's second purging, but now apparently endorses the Four Modernizations. In a sense, Hua may play chairman of the board to Teng's chief executive officer...

Author: /time Magazine | Title: Man Of The Year: Visionary of a New China | 1/1/1979 | See Source »

...study in France. Instead of studying, the 16-year-old Teng got a job in a Paris galosh factory. At the same time, he helped out in the offices of a Chinese Communist periodical called Red Light. Its editor was Chou Enlai, who later became Teng's patron and protector. Teng's zeal in carrying out the menial chores of binding and mimeographing the magazine soon earned him the nickname of "Doctor of Mimeography...

Author: /time Magazine | Title: Man Of The Year: Little Man in a Big Hurry | 1/1/1979 | See Source »

...treaty is vaguer than the friendship pacts that the Soviets have signed in the past two months with Viet Nam and Ethiopia, it further confirms the fact that the softspoken, sometime journalist who heads Afghanistan's leftist Khalq (People's) Party "considers Moscow his friend, benefactor and protector," as a senior State Department official puts it. Indeed, the pro-Soviet tilt of the new rulers in Kabul, the Afghan capital, is already stirring some recriminations in Washington. U.S. Energy Secretary James Schlesinger, an ardent hawk on the subject of Soviet expansionism, growled to a U.S. diplomat visiting from...

Author: /time Magazine | Title: AFGHANISTAN: Red Flag over a Mountain Cauldron | 12/18/1978 | See Source »

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