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Tanzania's expropriation of Lonrho's assets amounts to no more than a slap on Rowland's wrist. Nyerere's government is talking about a payment of $4 million for the nationalized properties; whatever their worth, they make only a tiny contribution to the company's total revenues ($2.5 billion last year). The Tanzanian President hoped that other African countries would follow his lead in chastising the corporate giant. No such luck. Zambia's Kaunda, whose country's ailing economy might collapse if Rowland abandoned his interests there, made it clear that...

Author: /time Magazine | Title: AFRICA: Bye-Bye for Tiny Rowland | 6/19/1978 | See Source »

Cauthen took the kind of spill that tests courage a few days before his apprenticeship was to expire. His right wrist was broken; kicked by the flying hoofs of trailing horses, his forehead and right hand were cut, and he suffered a concussion and cracked ribs. He was out for a month. When he came back, he answered all the questions. Rounding the turn for home in his first return race, he drove a colt named Little Miracle?Affirmed's half brother?through a narrow opening between front runners and booted him home the winner by 1¼ lengths. He used...

Author: /time Magazine | Title: Cauthen: A Born Winner | 5/29/1978 | See Source »

Back in the shelter, the kibbutzniks keep their children busy with games and laughter and songs. The small children dance and sing songs for Purim, which is only two days away. Meanwhile, the leaders nervously tap their fingers and study their wrist watches, trying not to show their fear...

Author: By Mark A. Feldstein, | Title: Life Within the Bunker | 5/10/1978 | See Source »

...music is steeped in symbolic rituals. A student's guru is more than his teacher--he is a paternalistic spiritual guide. In the student's initiation ceremony, a string is tied around his wrist to indicate devotion to his guru. In addition, the soles of one's feet are considered unclean; it is forbidden to touch instruments with them. Fifteen hours of practice each day is not considered too rigorous...

Author: By Judith E. Matloff, | Title: The Sound is God | 5/1/1978 | See Source »

...DAMNING IMPLICATIONS of this ITT-CIA conspiracy and other "dirty tricks" of the multinational have claimed some casualties in the intervening years. First came two plea-bargains, one of which featured all the niceties of a slap on the wrist. In November 1976, a former ITT public relations director for Latin America named Harold V. Hendrix pleaded guilty to a one-count charge of failing to testify fully and accurately to the Senate multinationals subcommittee during the ITT hearings. In return for dropping possible perjury charges against Hendrix, the Justice Department required Hendrix to cooperate fully with its fledgling...

Author: By Joe Contreras, | Title: The Discreet Lies of ITT | 4/5/1978 | See Source »

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