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...that every company's insiders disclose their holdings, authorized the Federal Reserve to set margin rates, and established a new Securities and Exchange Commission to regulate the market (its first chairman: Joseph P. Kennedy). Wall Street howled. "The exchange," said Harvard-educated, Morgan-trained Stock Exchange President Richard Whitney, who later spent three years in Sing Sing prison for embezzlement, "is a perfect institution...

Author: /time Magazine | Title: F.D.R.'s Disputed Legacy | 2/1/1982 | See Source »

...over his hamburgers and plaster cakes in the '60s. he did so in homage to Pollock. If a sculptor like Richard Serra made sculpture by throwing molten lead to splash in a corner, or Barry Le Va scattered ball bearings and metal slugs on the floor of the Whitney Museum, the source of their gestures was not hard to find. Distorted traces of Pollock lie like genes in art-world careers which, one might have thought, had nothing to do with his. Certainly Pollock scorned decor. He was not interested in painted hedonism; and yet his practice of painting...

Author: /time Magazine | Title: Art: An American Legend in Paris | 2/1/1982 | See Source »

...exhibition of "Ceramic Sculpture: Six Artists," now on view at Manhattan's Whitney Museum, is meant to mend at least some of the failures of cultural communication between the Atlantic and Pacific coasts of America. In California, for the past 25 years, there has been a strong tradition of clay sculpture. In New York, by contrast, any sort of earthenware was generally felt to be inferior as sculptural material, compared with bronze, steel, stone or wood. By showing the work of six leading Californian clay sculptors. Curators Richard Marshall and Suzanne Foley hope to show once...

Author: /time Magazine | Title: Art: Molding the Human Clay | 1/18/1982 | See Source »

...coping with economic pressures. He calls for organization of interdisciplinary programs which place language in a historical, philosophical or sociological context--"Let the curriculum follow the mind, not restrain it." Clearly Giamatti feels most comfortable when discussing his own field (before assuming Yale's presidency in 1978, he was Whitney professor of English and comparative literature...

Author: By Laurence S. Grafstein, | Title: Giamatti's Morals and the Majority | 11/19/1981 | See Source »

...United Technologies' main Pratt & Whitney jet engine plant in East Hartford, Conn., dozens of huge, computerized lathes turn out some of the 3,000 finely machined parts that go into the company's latest jet engine, PW2037, destined for use in Boeing's economy airliner, the 757. Six hundred miles away, at the plant of a Pratt & Whitney subcontractor in Walled Lake, Mich., other machines perform equally complex functions, instructed by electronic signals sent over an ordinary telephone line from a computer back in East Hartford...

Author: /time Magazine | Title: Now the Star Wars Factory | 11/2/1981 | See Source »

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