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...profits vanish and companies struggle, the venture-capital firms that helped fuel Silicon Valley's early growth have become stingier. Investment bankers who steer young companies toward the stock market are also cutting back. San Francisco's Hambrecht & Quist recently announced layoffs for 5% of its work force. After arranging initial public offerings for 66 companies, worth $2.2 billion in 1983, Hambrecht & Quist has managed only eight sales worth $96 million so far this year...

Author: /time Magazine | Title: Sad Tales off Silicon Valley | 9/3/1984 | See Source »

...Dreams, as we all know, vanish when we wake. Nightmares vanish too," wrote Continental Illinois Bank Chairman David G. Taylor in a memo to his beleaguered employees earlier this month. But Taylor's corollary proved only half true. The nightmarish flight of Continental's customers that led to the bank's near collapse two months ago has continued. Since May, customers are rumored to have withdrawn two-thirds of Continental's $30 billion in deposits. Last week bank officials appeared to have virtually given up looking for another bank or for some wealthy buyer to infuse...

Author: /time Magazine | Title: The Rescuer of Last Resort | 7/30/1984 | See Source »

...that as a Jew, "I am free to decide what I will choose from this great inheritance, to decide what I will place in my living room and what I will relegate to the attic." Since the religious strains stem from such passionately held beliefs, they will never completely vanish. In deed, Israel has never had a written constitution precisely because its people could not agree on the proper role of religion in the state. Some see the conflict, in fact, as a healthy process that renews Judaism. "The Orthodox Jews have a lot of nuisance power but no real...

Author: /time Magazine | Title: What Next for Israel? | 7/9/1984 | See Source »

...within a few minutes' walk from one another, either on Wall Street or in midtown Manhattan. They operate with the secrecy of KGB agents and the cold nerves of hired gunslingers. In a matter of hours they can build up a corporate empire or cause a company to vanish. Their services command huge fees, yet they are among the least known men in American business...

Author: /time Magazine | Title: The Superstars of Merger | 5/14/1984 | See Source »

Yesterday's 8-4 triumph over Umass proved the Crimson's biggest test yet. Harvard saw an early 4-0 lead vanish as the Minutemen rallied to tie the score in the eighth...

Author: By Mike Knobler, | Title: Batmen Survive UMass Comeback, Remain Unbeaten Through Six Games | 4/11/1984 | See Source »

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