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...fashioned proxy fight. Called the tender offer, the technique involves a public bid by an individual, group or company to buy a specified number of shares of another company's stock at a specified price, which is set high enough to woo sellers. It is quicker, harder to block, and often much cheaper than trying to oust the management of a company by soliciting proxies from shareholders...

Author: /time Magazine | Title: Corporations: Tender Invitation | 2/18/1966 | See Source »

...tourist in India, the magician's rope trick is merely another clever demonstration that the hand is quicker than the eye. To Professor Mircea Eliade of the University of Chicago divinity school, the fakir's fakery is the vestige of an ancient religious rite with highly symbolic overtones: the rope is an image of the "astral cord," symbolizing the link between earth and sky, man and heaven. Originally, the trick was intended to prove to spectators the existence of an unknown and mysterious world; by climbing the rope and then temporarily disappearing, the conjurer revealed the possibility...

Author: /time Magazine | Title: Theology: Scientist of Symbols | 2/11/1966 | See Source »

Fast-moving businessmen now get quicker visas at airports because the Communist countries have markedly relaxed travel restrictions this year. Once they arrive, the salesmen usually head directly for the ministries that they want to sell to; anybody from a well-known company can win a quick audience. Competition among the Westerners is so ferocious that they seldom talk with each other and prefer to socialize with their Communist customers. This leads to a lot of overeating, undersleeping and hangovers. The Easterners enjoy treating their capitalist guests to marathon meals, brassy nightclubs and the other delights of bourgeois Bolshevism. Says...

Author: /time Magazine | Title: Eastern Europe: Hunters Behind the Curtain | 12/10/1965 | See Source »

Downstate's Dr. Martin Kaplitt, 26, and Dr. Sol Sobel, 40, offered an operation that was both simpler and quicker than standard techniques. Along with Kings County Hospital's Dr. Philip Sawyer, they clamped off the diseased section at either end, then injected carbon dioxide between the outer and inner layers of the artery. With the two layers thus separated, it was relatively easy to make a small incision and snip off the ends of the diseased inner layers, then pull them out. After the incisions were sutured and the clamps removed, the blood immediately began flowing through...

Author: /time Magazine | Title: Surgery: Hewing the Fat | 11/26/1965 | See Source »

...barriers set up by Japan's major African customers (Nigeria, Tanzania, Kenya and Uganda) will contribute substantially to an estimated 5% decline in the country's cotton exports. On top of this, Japan is losing ground in traditional markets simply because spinners in other countries have been quicker to modernize, and thus to undersell the Japanese...

Author: /time Magazine | Title: Japan: Trying to Spin Out of Trouble | 11/26/1965 | See Source »

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