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...largest offshore investment com bine. At its peak in the late 1960s, I.O.S. managed assets totaling more than $2 billion in mutual funds alone; armies of I.O.S. "reps" rang doorbells everywhere to persuade people to put their savings into one or another of I.O.S.'s 130 in vestment outlets. Cornfeld, a onetime social worker, proclaimed that "everyone can be a millionaire." As if to prove it, he lived a sybaritic life in a Geneva man sion built by Napoleon, where he was sur rounded by purring cheetahs, freeloading jet-setters and a harem of adolescent beauties...

Author: /time Magazine | Title: Business: Bernie Cleared | 10/29/1979 | See Source »

...there is one root to the evils gripping the nation's economy, it is a low level of investment. The U.S. spends only 9% of its national income on capital in vestment, vs. West Germany's 15% and Japan's 20%. Consequently, the country is living off - and eating up - its capital stock. Its plants and machines are aging, its competitive edge in world markets is softening, its productivity growth is falling, and its prices are soaring. The surest way to return to noninflationary increases in living standards would be to enhance productivity, and the best means...

Author: /time Magazine | Title: Business: Pressing a Capital Idea | 6/4/1979 | See Source »

More than 200,000 people were packed into St. Peter's Square when Karol Cardinal Wojtyla, 58, Archbishop of Cracow, received the ceremonial vestment as the 263rd successor to St. Peter and spiritual leader of some 700 million Roman Catholics. As the Cardinals of the church filed forward to pay him homage, he spoke warmly, and often at length, with each, disregarding the presence of television cameras. The most electric moment came when Poland's Stefan Cardinal Wyszynski knelt to kiss the papal ring. John Paul lifted his stern old mentor to his feet, embraced him, then kissed the Polish...

Author: /time Magazine | Title: Religion: John Paul II Charms the Crowds | 11/6/1978 | See Source »

Simmons, who co-founded Diners' Club and published Weight Watchers Magazine before he launched National Lampoon, has three movies to go on his four-film-minimum contract with Universal Pictures. The bankroller and distributor of Animal House, Universal recouped its initial in vestment a few weeks after the film's opening. National Lampoon's cut of the gross - 5% at first, but now and henceforth 17.5% - translates into $3 million...

Author: /time Magazine | Title: Business: Bed Sheets Bonanza | 10/23/1978 | See Source »

...before him and intoned: "Therefore, Father, through Jesus Christ your Son, give your Holy Spirit to Jacqueline; fill her with grace and power and make her a priest in your church." Some of the 45 priests who joined in the service clothed her in a white chasuble, the outer vestment of her new office...

Author: /time Magazine | Title: Religion: Father, Make Her a Priest' | 1/17/1977 | See Source »

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