Word: adventism
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Record Profit. Unfixed commissions had been resisted by much of Wall Street for years, and their May 1 advent had been ominously labeled "Mayday" (TIME, April 28). Yet Mayday came and went with few surprises. Some firms raised commissions to small investors. Merrill Lynch, Pierce, Fenner & Smith, the industry's leader, increased rates an average of 3% on orders of up to $5,000. But Blyth Eastman Dillon held commissions at present levels for small investors, trimmed them by 8% or more on larger deals for institutional clients. Bargain brokers popped up; one advertised commission cuts...
Many of the people of South Boston are now in the position of defending a school system that has never been adequate for the needs of their own children. The schools have always been poor, but not until the advent of busing has the cry of "quality education" been raised. The very people raising that cry are those who are to blame for the school system's deplorable state: past and present School Committee members, like Hicks, Kerrigan, Tierney and Ellison. These people are making money from the crisis, and conducting the School Committee illegally in the process according...
...Vinnell Corp. contract is merely the first example of a cost-cutting Pentagon policy change laid down in 1972. Ever since World War II, the U.S. has been using regular military personnel to train the forces of countries round the world. But with shrinking U.S. force levels and the advent of the volunteer army, U.S. soldiers have become too scarce and expensive to use for such purposes. Thus three years ago, the Pentagon decided that in the future, wherever possible, it would hire civilian contractors to train friendly foreign armies in the Middle East who asked for such...
...recently at the sight of the fraternity's flagpole. There, billowing in the breeze, was a frilly assortment of coeds' panties and bras. Such pranks, common to college life of the '50s and early '60s, had pretty much died out in recent years with the advent of student protests, a more serious campus mood and the near demise of fraternities. But now, fraternities-and their high jinks-are back in full force on campus...
...receding tides of colonialism have altered the U.N.'s size and character. Founded in 1945 with 51 charter nations, the U.N. now has 138 member countries. The advent of so many fledgling Third World nations has caused a kind of transmogrification of the U.N., which now seems bent, as U.S. Ambassador John Scab' said last week, on establishing a new "tyranny of the majority...