Word: trusts
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Dates: during 1970-1979
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Today, his union's fortunes are dismal. With 194,000 active members, and 90,000 retirees to represent (peak membership: 600,000 in 1946), the U.M.W. is badly wounded. Three of the four pension and medical-benefit trust funds are broke. The union, which owns more than 75% of the National Bank of Washington (assets: $682 million), real estate in the capital and a Western fuel company, may have to sell some of its holdings. Perhaps most troubling of all, the U.M.W. is in a state of near anarchy, having overwhelmingly rejected its leadership's call to ratify...
...plan is like the classic response of the bureaucrat, or parent whose children are getting older and more independent--it's much easier to try to control, rather than to trust and have faith in the outcome. The faculty's solution to the muddled state of undergraduate education mirrors the kind of responses we are used to seeing in the rest of society. When the crime rate goes up, people cry for law and order and a larger police force--they don't try to eliminate the problems which cause the crime. Too much of our society tries to outmuscle...
Atlanta, golden city of the "New New" South, has been showing big veins of pyrite lately. First came the fall from grace of Famous Local Banker Bert Lance. In February a group of banks headed by Manhattan's Morgan Guaranty Trust Co. announced one of the biggest foreclosures in U.S. history; it prepared to take over the Omni, a glittering Atlanta complex of offices, swank shops, hotel and ice rink, because the Omni's owners were failing to pay off $90 million in debts. And last week Richard Kattel, boy-wonder chairman of Georgia's largest bank...
High school was Brearley, a fashionable Manhattan girls' school, and college was Sarah Lawrence. With the security of a $200-a-month trust fund, Clayburgh then apprenticed at Boston's Charles Playhouse. Another young actor, Al Pacino, was also learning the craft in Boston, and the two of them set up housekeeping, an arrangement that lasted for five increasingly difficult years...
Does Hundley suffer qualms when forcefully plumping for men charged with violating a public trust? "Well, no choirboys have ever walked into this office," he told TIME Correspondent Hays Gorey. "Everyone is entitled to the best defense he can get, and I try not to get too involved personally." Then, after a moment's thought, Hundley chuckled: "The worst defense lawyers I know are those who become convinced their clients are innocent...