Word: vastness
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Dates: during 1970-1979
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Slowly but unmistakably, the nations of Asia are adjusting to the Communist conquest of Indochina. That event has forced all nations of the region, including China and the countries on its vast periphery, to re-examine their relations with one another and with Washington. Last week Thailand-a member of the Association of South East Asian Nations, once regarded as a barrier to Chinese Communist expansion-followed the Philippines and Malaysia in establishing formal diplomatic relations with Peking. TIME'S diplomatic editor Jerrold L. Schecter completed a tour of Asia that included many of the affected capitals. His report...
Like a lot of other things about New Orieans, the whole battle seems to border, if you think about it objectively, on the irrelevant. New Orleans has problems like other cities; perhaps not so much crime, but vast disparities in income and opportunity between the half of the city that is black and the half that is white. The schools are bad and, by and large, segregated; there is very little of the kind of premeditated city planning that produces parks and other objectively pleasant environments. There is not much of what usually passes for intellectual and cultural life-good...
...Salt Lake City, an unprepossessing group of trolley barns built in 1908 houses a thriving shopping and entertainment center. In Chicago, a seven-decade-old building that served variously as a hospital and a whorehouse is now a popular restaurant. In San Antonio, a vast brewery is being converted into an art museum. In San Francisco, a plant that once processed chicken feathers for pillow stuffing has been transformed into an office building. In Galveston, New Orleans, New York and scores of other U.S. cities, old buildings are being put to new uses. They are, in the current jargon, being...
...about 70% invested in the market. Other institutions have made an even more dramatic turnabout. Philadelphia Investment Co., which had 75% of its assets in cash last fall, is now 75% in stocks. At New York's Marine Midland Bank, Vice President Richard Hobman acknowledges that "the vast majority of our cash is fully invested." Growth-oriented mutual funds have been among the heaviest stock buyers of all. The Value Line funds have been 100% in the market since the fall. Says Value Line Head Arnold Bernhard: "We don't see any need to be anywhere else...
...hard to find a better stretch of water for the amateur-if not the raw novice. You are never out of sight of land, so navigation is easy. The trade winds blow their dependable 15 knots all day, squalls are brief, and the yacht bowls along through a vast basin of sea, rimmed by a half-circle of blue mountain peaks that runs south to Grenada 60 miles away. Braced against the wheel, refreshed with iced milk punch (embellished on the label with a crude drawing of a hairy fist), and watching the flying fish skitter like fusiform silver bugs...