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...Peninsula near Anchorage subsided 7 ft. or more; the Kenai mountains moved laterally as much as 5 ft. In a 480-mile by 127-mile area off the Alaska coast, the ocean floor rose as much as 50 ft., the greatest quake uplift ever recorded. Near Valdez, Alaska, a slice of land 4,000 ft. by 600 ft. fell into...

Author: /time Magazine | Title: Seismology: Shaken Earth | 11/17/1967 | See Source »

...When Atlas Credit Corp., a Philadelphia-based investment company, offered $77.50 a share to gain control of Detroit's fourth-largest Commonwealth Bank, Parsons cancelled a business trip to Chicago, huddled for 24 hours with his partners. It would have been ambitious enough just to try for a slice of the bank, but the young partners decided that nothing could be quite so satisfying as complete control. They bettered Atlas' offer by fifty cents a share, organized a public relations campaign that stressed the advantages of hometown ownership. Within three days, after tender offers were counted, Parsons...

Author: /time Magazine | Title: Banking: The Parsons Group | 11/17/1967 | See Source »

...this, without which you cannot understand the central madness of nigger existence," he explains. "Beat a nigger, starve him, leave him wallowing, and he will be yours for life. Awe him by some unforeseen hint of philanthropy, tickle him with the idea of hope, and he will want to slice your throat...

Author: /time Magazine | Title: Books: The Idea of Hope | 10/13/1967 | See Source »

...ample power to check spending through the appropriation process. The House is stymied nonetheless because the Senate is more openhanded with cash than the lower chamber, and most Representatives want to dodge responsibility for retrenching important domestic programs. For its part, the Administration has said that it intends to slice perhaps $2 billion out of the current year's budget-but only after it knows how much Congress is appropriating overall. This is too little, too late and too vague for many House members...

Author: /time Magazine | Title: The Economy: Revolt on the Hill | 10/6/1967 | See Source »

...dissects this slice of Indian life, he works outward from individual characters toward general truths. His young couple are well enough educated to cope with the city's mechanized realities, yet bound to an ancient morality. The husband (Anil Chatterjee) can accept the fact of his wife's working, but not the lipstick she must use on the job. The wife (Madhabi Mukherjee) looks with childlike eagerness upon her newly won status, but goes to pieces before the in-laws' condemnation...

Author: /time Magazine | Title: Cinema: An Epic of Eavesdropping | 8/25/1967 | See Source »

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