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Apple Computer (1983 sales: $982.8 million) reported last week that its fourth-quarter profits fell 73%, to $5.1 million, compared with last year's earnings results. The plunge forced Apple, hitherto one of the most prosperous firms in California's Silicon Valley, to suspend payment to its employee profit-sharing plan for the first time since the company went public in December 1980. A day after Apple's announcement, Massachusetts-based Digital Equipment Corp. (1982 sales: $3.8 billion) announced that its profits were off 72% during its most recently ended quarter. Digital's stock lost...

Author: /time Magazine | Title: D-Day for the Home Computer | 11/7/1983 | See Source »

...what faculty are capable of teaching well, but of where students have been before they came, what their various subcultures on campus are and might develop into, and where diverse cohorts among them are headed. For any program to work well, students and faculty must be prepared to suspend disbelief in it, and sustain a certain level of intensity which will occassionally be joyful, more commonly effortful, even painful. Let us call whatever we conclude about this part of the curriculum General Education...

Author: By David Riesman, | Title: Building Blocks | 10/26/1983 | See Source »

With the flow of new loans cut off, foreign currency reserves fell sharply, prompting the central bank to suspend all withdrawals of foreign exchange. Within hours, lines formed in front of many of Buenos Aires' major banks as Argentines tried to withdraw dollars and even jewelry for fear that the government would seize their deposits...

Author: /time Magazine | Title: Argentina: Crisis of Confidence | 10/17/1983 | See Source »

...back and another rammed his fallen body with a car. Officer Ralph Conner said he thought Sales was reaching for a gun. Conner's cousin, officer Edward Spivey, allegedly then hit Sales' body with his car. The police chief called the incident a "tragic mistake," and refused to suspend the officers involved...

Author: By Errol T. Louis, | Title: When the Tough Get Going | 10/5/1983 | See Source »

...approval of the events: "When I see the spirit of liberty in action," wrote Burke, "I see a strong principle at work; and this, for a while, is all I can possibly know of it. The wild gas, the fixed air, is plainly broke loose; but we ought to suspend our judgment until the first effervescence is a little subsided, till the liquor is cleared and until we see something deeper than the agita tion of a troubled and frothy surface. I must be tolerably sure, before I venture publicly to congratulate men upon a blessing, that they have really...

Author: /time Magazine | Title: What Really Mattered? Not just great events, but underlying causes | 10/5/1983 | See Source »

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