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...bear market, the brokerage houses suffered more severely than most of the firms in whose shares they deal. The capital-to-debt ratio of three out of the 25 largest brokerage houses was so low in recent weeks that the New York Stock Exchange has been pressuring them to trim expenses by dropping employees and reducing salaries. Many firms have laid off 10% to 15% of their staffs without announcement, and young men are leaving the Street to look for more secure jobs. Several firms are trying to save money by subletting some of the space in their new, more...

Author: /time Magazine | Title: Business: A Bear Market for Brokers | 6/15/1970 | See Source »

...with Richard Nixon a deep-rooted belief in hard work, loyalty and efficiency. The identification began early. Haldeman was a student at U.C.L.A. in the late '40s. Alarm about the Communist threats was approaching its zenith, and his hero then was Congressman Richard Nixon. Today, at 43, still trim, tan and crewcut, Haldeman very much resembles that student of decades past...

Author: /time Magazine | Title: Nation: Harry R. Haldeman | 6/8/1970 | See Source »

...basis of their qualifying times, and the speed they posted in Wednesday's carburation tests. The track always is closed from the last qualifying session until the race itself a week later, except for a three-hour period on Wednesday. The cars will have been converted from qualifying trim, to the state of tune. The carburation tests are the only opportunity for the crews to try the cars out with the new suspension settings, with the tanks full of fuel. The times recorded in this session give a good indication of how fast each car will actually be able...

Author: NO WRITER ATTRIBUTED | Title: A Racer's Weekend: ???ndianapolis 1970 | 5/29/1970 | See Source »

...Trim and compact (5 ft. 9½ in.), the easygoing Haise is married to his high school girl friend, Mary Grant. The match seems ideal. Haise is a devoted family man. Mary is totally immersed in astronaut life and needs little help in translating the exotic technical language her husband and his fellow space travelers speak. The Raises have three children, and Mary's icy calm throughout her ordeal was all the more remarkable for the fact that she is expecting her fourth (which the family hopes will be a girl) in June...

Author: /time Magazine | Title: Nation: The Brave Men of Apollo | 4/27/1970 | See Source »

...from 40% to 30% the deposits that importers must make when they place orders. He reduced the basic bank-lending rate by half a point, to 7%, and demolished the 2½-year-old ceiling on the amount of bank loans. In addition, the government will trim taxes, particularly for the poor and the elderly. About 2,000,000 of Britain's 21.5 million taxpayers will be removed from the tax rolls and another 15 million will enjoy reductions. This news was so startling that Tory Opposition Leader Edward Heath offered barbed congratulations: "We have witnessed not quite...

Author: /time Magazine | Title: Britain: No Longer the Sick Man | 4/27/1970 | See Source »

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