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...high breeding and low wattage while supporting orphans, saving widows from penury and generating far more money than the stock market did for corporations and governments. Now this primary source of long-term lending has been pulverized by the twin forces of inflation and soaring interest rates, and staid bond dealers talk like teen-agers trading bubble-gum cards or posters of Pop heroes. They speak of swapping "Bo Dereks" and "James Bonds," slang for big bond issues that mature...

Author: /time Magazine | Title: Nation: The Big Bond Market Goes Bust | 3/24/1980 | See Source »

Around the horseshoe-shaped table in the board room on the twelfth floor of the Ford Motor Co. headquarters in Dearborn, Mich., last week, 18 normally staid directors gave out three loud hurrahs. The first was for Henry Ford II, who retired after nearly 35 years as the company's boss and was succeeded as chairman by Philip Caldwell, 60. The second was for Donald Petersen, 53, who replaced Caldwell as president. The third was for the automaker's acquittal that same day in Winamac, Ind., on unprecedented criminal charges of reckless homicide in the deaths of three...

Author: /time Magazine | Title: Nation: Three Cheers in Dearborn | 3/24/1980 | See Source »

THEY STICK OUT LIKE SNOWY laundry among the blue-suited bureaucrats and bums of Harvard Square. Irreverently called "towel heads," their children "washcloth heads," the Sikhs move transcendentally through The Square in their white clothes and turbans, bringing their Eastern mysticism to Cambridge's dark-brick, staid Puritanism...

Author: By James L. Tyson, | Title: Serenity Amid Chaos | 3/21/1980 | See Source »

...spirit. Yang rammed a screaming yin across the night sky. He brought into his gut the paragon of rationality and the pride of corporate innovation and technology and regergitated it all over the heavans with an ass slappin' yell. Western, righteous stuff was taking it eastward home to its staid, straight beginnings, sp.tting and yawping...

Author: By Jim Tyson, | Title: Chariots of the Gods | 3/15/1980 | See Source »

...doctor of law, a career diplomat in the Austrian foreign service, staid, elegant Kurt Waldheim had never confronted such a scene. Several hundred maimed Iranians, all veterans of the rioting that toppled Shah Mohammed Reza Pahlavi a year ago, shook their crutches and artificial limbs at the United Nations Secretary-General as they swarmed around him at a former military officers' club in Tehran. "Waldheim, look at us," shouted one of the wounded demonstrators. "Give the Shah back to us!" One man plucked out his glass eye and shouted: "That's what the Shah did to me!" Another...

Author: /time Magazine | Title: Nation: Mission Impossible | 1/14/1980 | See Source »

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