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...swift, smooth salvage job. Perilously short of cash needed to pay off creditors, Long Island's Security National Bank (assets: $1.8 billion) was close to collapse. Over a hectic weekend in Washington, Comptroller of the Currency James E. Smith declared a formal emergency under the banking laws, then arranged for Justice Department and Federal Reserve Board approval of a quick rescue. When Security National customers showed up at the bank's 86 branches on the following Monday, they were greeted with signs announcing, WE'RE NOW CHEMICAL BANK...

Author: /time Magazine | Title: BANKING: Nagging Questions of Stability | 2/3/1975 | See Source »

Nixon's smooth but hard-nosed millionaire special assistant had been job hunting since he resigned last June. For a time it seemed that Flanigan might be U.S. ambassador to Spain, but the Senate Foreign Relations Committee let his nomination die. The Senators were reluctant to hand a diplomatic plum to a Nixon aide who had had at least a passing involvement in the Administration's marketing of ambassadorships. During a House hearing in July, Nixon's lawyer, Herbert Kalmbach, recalled being told by Flanigan to get in touch with a department-store millionairess, Ruth Farkas, because...

Author: /time Magazine | Title: Business: Flanigan's Return | 2/3/1975 | See Source »

...often veers between journalism and the short story. And it is interesting to realize from this juxtaposition of the two genres, a bastard belonging to neither, how much literature since Hemingway and Edmund Wilson has picked up the mannerisms and styles of newspaper writing. Here, as we read the smooth flow of narratives, the captured regional accents and hestitations of the dialogues, we are almost fooled into thinking that the often abrupt, slightly non-sequitur one-liner endings to the stories may conceal some literary profundity befitting a contemporary short story. Most probably, it was merely the unmerciful...

Author: By Ta-kuang Chang, | Title: The Boys Off The Bus | 1/24/1975 | See Source »

...contrast, The Romantic Rebellion is a quiet, smooth-flowing distillation of a lifetime's thought. It examines just twelve artists in the 14 half-hour episodes that follow this week's hour-long introduction. And even within these shows, there is no attempt to examine a subject's entire work. Instead, Lord Clark picks out key examples for close contemplation-discerning for us, in the modeling of a figure, the curve of a line or the choice and application of colors, the rise and fall of individual careers, artistic ideals and even cultural ideas...

Author: /time Magazine | Title: Television: The Pleasures of Clark | 1/20/1975 | See Source »

...central character is Poirot, played by Albert Finney; he's like a chess player who takes on a dozen opponents simultaneously. Finney's performance is the stumbling-block to the film's otherwise smooth accomplishment of its limited purpose. Finney plays Poirot as an affable tailor's dummy of a man, who wears a hairnet and a moustache band to sleep every night, and whose moustache, indeed, doesn't move when he talks. Poirot is not the coolest of detectives; he's always in control of the situation (this is no Chinatown or Maltese Falcon) but he doesn't care...

Author: By Paul K. Rowe, | Title: Anglo-Frog Justice | 1/16/1975 | See Source »

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