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DIED. RICHIE ASHBURN, 70, a.k.a. Whitey, wisecracking baseball Hall of Famer who flayed the competition at the bat and on the mike; of a heart attack; in New York City. A Philly Whiz Kid in the 1950s, Ashburn was a sight in the outfield--a blond streak of pure energy. He won two batting titles, tied a major league record in putouts and later, as a Philadelphia commentator, set another in putdowns as he groused at umpires in his broad Nebraska twang...

Author: /time Magazine | Title: Milestones Sep. 22, 1997 | 9/22/1997 | See Source »

...Institutes of Health and Centers for Disease Control. The organizations have been giving the AIDS drug AZT to half of the infected mothers in their international study, while the other half get placebos ? and according to the journal, this is as ethically shaky as the notorious Tuskegee study, a 1950s experiment that denied syphillis treatment to black men in Alabama. But as TIME Medical Correspondent Christine Gorman reports, the comparison won't wash, "because there is still an open question as to what the effect of AZT in utero is." Not to mention that HIV can also be passed from...

Author: /time Magazine | Title: Storm Over U.S. AIDS 'Experiment' | 9/18/1997 | See Source »

...Alexandria also describe the Fayeds as a modest family: al Fayed's father was a language teacher, and al Fayed grew up on the rougher side of town. He started as a small-time trader there, selling Singer sewing machines and Coca-Cola. In the early 1950s the future Saudi billionaire Adnan Khashoggi offered al Fayed a share in a Khashoggi business that exported Egyptian-made furniture to Saudi Arabia. The company took off, and not long after, al Fayed married Khashoggi's sister Samira, who gave birth to Dodi in 1955. He divorced her after two years and went...

Author: /time Magazine | Title: THE FAYEDS: OUTSIDE LOOKING IN | 9/15/1997 | See Source »

This semester, Thomas presents Slavic 132: "Post-War Czech Prose Fiction and Drama," examining the development of Czech literature-novel, short story and drama-from the Communist Bloc days of the 1950s to the newly capitalized present...

Author: By Geoffrey C. Upton, | Title: ELEVEN ELECTIVES | 9/12/1997 | See Source »

...initial aim of the funds, which were developed in the 1950s, was to protect against market risk and earn greater return in times of sluggish stock-market performance. The notion had a simple elegance: If rich investors could cash in during booms by betting on winners, couldn't they profit during busts by betting against losers? The first funds were fairly simple, usually holding 50% of their assets in long-term investments that were expected to rise over time, and 50% in short positions in stocks or bonds that were considered overvalued. (In a basic short position a fund sells...

Author: /time Magazine | Title: HEDGE FUNDS--OR, HOW THE RICH GET RICHER | 9/1/1997 | See Source »

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