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Certainly, reformers do not want an end to all regulation. But most agree that many of the pre-1960s agencies have outlived much of their usefulness and that their rules, once necessary to curtail the old robber barons, now work to inhibit natural competition and accelerate inflation. These agencies do little if anything to improve the quality of life, and deregulation, as proved by the CAB'S move to free air fares and the SEC's loosening of brokers' commission rates, can quickly and dramatically cut prices...

Author: /time Magazine | Title: Time Essay: The Rising Risks of Regulation | 11/27/1978 | See Source »

...they make deposits and withdrawals. Yet last month, this stronghold was the site of a $10.2 million heist, the largest bank robbery in U.S. history. There were no guns, no masks, no getaway cars; indeed, the FBI reports that the Stanley Mark Rifkin thief never touched the money. The robber was so clever that the bank did not realize it had been robbed until told so by the FBI eight days afterward. Last week the FBI arrested the suspected thief: Stanley Mark Rifkin, 32, a balding and genial computer expert...

Author: /time Magazine | Title: Nation: The Ultimate Heist | 11/20/1978 | See Source »

People who know Rifkin are shocked by the accusations against him. Says Gerald Smith, a professor of management science at California State University Northridge: "The guy is not a bank robber, he's a problem solver. I have a feeling Stan viewed the thing as an incredible problem. He's always five years ahead of anything else going on." Rifkin has been charged with transporting stolen property over state lines. If convicted, he could be sentenced to a $10,000 fine and ten years in jail. Wolfson was charged with harboring a criminal...

Author: /time Magazine | Title: Nation: The Ultimate Heist | 11/20/1978 | See Source »

Jack Nicholson plays the role of Henry Moone with an unmistakable relish that suggests self-indulgence as the major appeal of the part. Moone is a bank robber and horse thief whose neck is scheduled to be caressed by the coarse noose of a hangman's rope, as reward for his many trans gressions against border town society and the upstanding folks of Longhorn, Texas. An ornery sort by nature, Moone greets the attending man of the cloth at the gallows with an irreverent "Go to hell." This kind of gutter humor holds the film together during the ensuing...

Author: By Joe Contreras, | Title: A Misbegotten Marriage | 10/16/1978 | See Source »

This color coding has not worked, since it is easy for a bandit with artistic bent to repaint his model gun to give it a menacing steel blue glower. Typical was the incident last July when a real robber brandishing a fake black Colt .38 held up a real Kyoto bank van carrying checks worth 50 million in real yen. That was the equivalent of 263,158 real dollars, which are fake nowadays in Japan anyway...

Author: /time Magazine | Title: JAPAN: Disarming Idea | 10/2/1978 | See Source »

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