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...invited in as a comanager. Among the hundreds of obligations are loans to owners of race tracks, jai-alai frontons, boat slips, tennis courts and a $5 million mortgage on Ohio's Cathedral of Tomorrow, whose minister, Sawdust Evangelist Rex Humbard, likes to exhort: "You'd better straighten out and fly right with God." Last year $52 million was on loan to parties-in-interest," meaning institutions or individuals who have business or fiduciary relations with the fund; 55 loans were classified as "uncollectible" and 26 were in outright default. A generous proportion of the loans was granted...

Author: /time Magazine | Title: INVESTMENT: Equitable Alchemy | 7/11/1977 | See Source »

...that made possible the transformation of a handful of impoverished colonies into history's richest nation. Frontier mythmakers celebrated the idea that Americans could summon limitless supplies of energy for whatever needed doing, most notably in the tales about Paul Bunyan, who could harness his ox Babe to straighten out the bends in rivers with a single tug. If Faust, the archetypal European, believed that the world was created anew each morn, Americans had a more practical faith: the world and its riches were inexhaustible, easily accessible and-above all-theirs. The American megalopolis of superhighways, hermetically sealed buildings...

Author: /time Magazine | Title: POLICY: SUPERBRAIN'S SUPERPROBLEM | 4/4/1977 | See Source »

...workably, if not neatly, into place. The troopers, the new administrators, the shuffled administrators, the elected parent and student councils, all have had a full summer to prepare. Still, imposing this "blanket" program citywide has been somewhat like pulling an actual blanket over the sheets to make a bed. Straighten a section and a wrinkle appears there; soothe a ten mile-square district here and a minor outburts erupts there. Wednesday, in Charlestown, white youths pelted troopers and new, bussed arrivals, then boycotted classes all day. Thursday night a Charlestown woman who sent her children past the boycott received...

Author: By Mark T. Whitaker, | Title: Not quite the same old song | 9/24/1976 | See Source »

...workably, if not neatly, into place. The troopers, the new administrators, the shuffled administrators, the elected parent and student councils, all have had a full summer to prepare. Still, imposing this "blanket" program citywide has been somewhat like pulling an actual blanket over the sheets to make a bed. Straighten a section and a wrinkle appears there; soothe a ten mile-square district here and a minor outburts erupts there. Wednesday, in Charlestown, white youths pelted troopers and new, bussed arrivals, then boycotted classes all day. Thursday night a Charlestown woman who sent her children past the boycott received...

Author: By Mark T. Whitaker, | Title: Not quite the same old song | 9/20/1976 | See Source »

...workably, if not neatly, into place. The troopers, the new administrators, the shuffled administrators, the elected parent and student councils, all have had a full summer to prepare. Still, imposing this "blanket" program citywide has been somewhat like pulling an actual blanket over the sheets to make a bed. Straighten a section and a wrinkle appears there; soothe a ten-square mile district here and a minor outburst erupts there...

Author: By Mark T. Whitaker, | Title: Not quite the same old song | 9/20/1976 | See Source »

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