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Saturday night, March 1, was quiet in Shelton, an industrial town of 29,000 in the Naugatuck Valley region of southwestern Connecticut. At the Sponge Rubber Products factory, which stretched for two blocks along the Housatonic River, only two guards and a boiler operator were on duty. Suddenly three men, armed and wearing ski masks, appeared inside the building. They abducted the three employees and drove them to a nearby woods, where they taped them to a tree. One gunman hinted to his captives that he and his companions were connected with the radical Weatherman movement...

Author: /time Magazine | Title: CRIME: A Fiery, Self-Fulfilling Prophecy | 5/5/1975 | See Source »

...grand jury in New Haven returned an indictment accusing ten persons of conspiring to blow up the factory-and there was not a Weatherman among them. Quite the contrary. The first on the list of the indicted was none other than Charles D. Moeller, 48, president of both Sponge Rubber Products, a division of Grand Sheet Metal Products Co., and of their parent company, Ohio Decorative Products Inc. of Spencerville, Ohio. If convicted, Moeller could be sent to prison for a total of 60 years on six counts...

Author: /time Magazine | Title: CRIME: A Fiery, Self-Fulfilling Prophecy | 5/5/1975 | See Source »

...until 1816 that the German baron, Karl von Drais, devised a recognizable model of the contemporary machine. That bike had everything a rider would want-except pedals. The cyclist walked perched on a saddle and propelled himself by running and gliding. In the mid-19th century rubber tires replaced the old boneshaking metal rims and high-wheelers elevated the rider far above the crowd -making crashes all the more resounding...

Author: /time Magazine | Title: Time Essay: The Full Circle: In Praise of the Bicycle | 4/28/1975 | See Source »

Goldman believes that both the corporation and the studied country stand to gain from partially corporate-supported European studies. He gives the example of a rubber company that may pollute the air in a city and then feel compelled, out of community relations, to build a hospital in the area. Logically, then, if that company got its rubber from outside the country: "For the sake of argument, say they got the rubber from Liberia, well then why not put the money in African studies?" Most Ford executives sent to run Opel in Germany read "only two-three books on Germany...

Author: By James Cramer, | Title: Harvard Goes International | 3/26/1975 | See Source »

...concealing the source of this money; having failed to report the disbursement of $81,000 to Frederick C. LaRue, a Nixon re-election committee aide who had arranged some of the payments to the arrested Watergate burglars; and having accepted two illegal corporate contributions ($40,000 from Goodyear Tire & Rubber Co. and $30,000 from Minnesota Mining and Manufacturing Co.). Each violation carries a maximum sentence of one year in prison and a $1,000 fine. Judge Smith deferred sentencing Stans...

Author: /time Magazine | Title: WATERGATE: No. 3: Stans | 3/24/1975 | See Source »

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