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...call the report a "shameless, vicious, political document," deliberately timed to embarrass him and full of "intemperate charges and conclusions." The next day Beame again struck out at the SEC, but added the banks to his hit list. "For more than a year," he said, "the SEC withheld and covered up the fact that the banks secretly dumped city securities from their own portfolios on the market. If verified, the banks' actions constitute a fraud against the city and its people...

Author: /time Magazine | Title: The Nation: Mob Scene in New York | 9/5/1977 | See Source »

Last week Walter J. McNerney, president of Blue Cross, announced that its 69 member-plans had agreed on a new program of cost containment for the benefit of their 84 million subscribers. What it amounts to is a kind of watchdogging on doctors and hospitals, with the threat of withheld insurance payments, and a carrot-and-stick incentive plan...

Author: /time Magazine | Title: Medicine: Blue Cross Bearing Down | 8/29/1977 | See Source »

...oddities of the individual. Still other cases seem to envision the abolition of all exclusivity, whether its purpose is malign or not. Exclusive societies of professionals (lawyers, doctors, engineers) exist for perfectly decent reasons. And certain groupings of artists for different decent aims. Yet, federal funds were briefly withheld from a Connecticut school on the ground that its boys' choir, by existing, encouraged sexist discrimination-and never mind the unique musical reasons why boys have always been assembled into singing groups. Government bureaucrats looked ridiculous in that instance because of their failure to admit a common-sense truth: some...

Author: /time Magazine | Title: Time Essay: The Sensible Limits of Non-Discriminiation | 7/25/1977 | See Source »

...came from Arab governments either in the form of individual donations or as part of the $29 million a year provided jointly by the 20 governments of the Arab League. In addition, the 300,000 or so Palestinians working in the oil states regularly have 5% of their pay withheld by host governments; this head-tax revenue, amounting to about $10 million at present, is forwarded to the P.L.O.. although not always as promptly or as completely as the Palestinians wish. Complains Rifaat Nimr, deputy chairman of the P.L.O. financial committee: "Dubai, for instance, seems to mistake the initials...

Author: /time Magazine | Title: PALESTINIANS: The Well-Heeled Guerrillas | 7/18/1977 | See Source »

...this fragment of an autobiography, written in the early 1940s but withheld from publication until now, Wright tells of his tumultuous, troubled early manhood. In his 20s he left the South for Chicago, where he found relief from the physical brutality of Mississippi. But he was introduced to subtler forms of intimidation. If the whites no longer kicked him, they inevitably stepped on the spot that Wright was mopping in the hospital laboratory and tracked the dirty water around. "If I ever really hotly hated unthinking whites," he recalls, "it was then. Not once during my entire stay...

Author: /time Magazine | Title: Books: Escape to Loneliness | 5/30/1977 | See Source »

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