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Cynics argue that the speculative trend is inevitable until the law of supply and demand is repealed and human nature changes. But responsible men have begun to worry. Both Funston and American Exchange President Ralph Saul have warned their member brokers not to abet ill-advised speculation; in some cases the exchanges have stopped trading in risky stocks temporarily or require 100% margin. Giant Merrill Lynch, Pierce, Fenner & Smith recently dusted off an advertisement that reminds investors that Wall Street runs two ways. Securities & Exchange Commission Chairman Manuel F. Cohen has his investigators scrutinizing for possible fraud 45 companies whose...

Author: /time Magazine | Title: Essay: THE MERITS OF SPECULATION | 9/22/1967 | See Source »

While state officials hoped that the Hughes statement meant that he was about to build a rumored industrial center at Vegas, Federal Aviation Agency officials were quick to warn that to move McCarran away from the city would be a mistake. Then came an other surprise-a second statement from Hughes, in which he predicted that Las Vegas could eventually grow to the size of Houston. If this happens, said Hughes, "the present location of McCarran Field would be approximately comparable to having the airport for Los Angeles located on Wilshire Boulevard at the Miracle Mile...

Author: /time Magazine | Title: Tycoons: Action in Las Vegas | 9/22/1967 | See Source »

...adviser to that nation's Revolutionary Development Program, he was assigned to work with villagers in Viet Cong-infested Quang Ngai province, 300 miles northeast of Saigon. Fortnight ago, Owen and three other Americans volunteered to drive from Quang Ngai City four miles to a coastal hamlet to warn U.S. and Vietnamese co-workers that Viet Cong had attacked the city and were believed still to be lurking in the area. On the way back, the Jeep was ambushed. Taking cover in a cornfield, Owen and his companions were bombarded by a Viet Cong mortar barrage. One round exploded...

Author: /time Magazine | Title: Youth: Unanswered Questions | 9/15/1967 | See Source »

advisers' compound and freeing 1,200 inmates of the province prison (352 of whom elected to stay behind rather than flee with their liberators). In Saigon's Chinese quarter of Cholon, Viet Cong squads boldly entered four movie theaters and stopped the shows to warn the audiences not to vote...

Author: /time Magazine | Title: South Viet Nam: Electing a President | 9/8/1967 | See Source »

...area in eastern Bolivia a "war zone." Holding Debray responsible, his military jailers last month went so far as to trot him be fore a press conference dressed in the striped uniform worn only by those who have already been convicted. Although local papers warn against prejudging Debray, the government is conducting a campaign to assure that the public remains convinced of his guilt. Throughout Bolivia, posters attack Debray as an assassin and warn: "He who kills with steel will die by steel...

Author: /time Magazine | Title: Bolivia: The Case of Regis Debray | 9/1/1967 | See Source »

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