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...flusher times, Perot's plan might have worked. But the stock market has been wobbling downward ever since the Dow Jones hit its alltime high of 1051.7 in January 1973. The advent of negotiated commission rates for large transactions in 1971 has cut into the profits of many firms. New York Stock Exchange member firms collectively lost some $80 million last year after turning a profit of more than $787 million in 1972. Among the biggest losers was Walston, which reportedly dropped $22.9 million between July and November, the first five months of Perot's stewardship. Meanwhile, duPont...

Author: /time Magazine | Title: WALL STREET: Perot's Orderly Retreat | 2/4/1974 | See Source »

...nightclubs, smashing and gutting hundreds of automobiles as they surged through the stricken city. It was the worst rioting that Jakarta had seen since the anti-Communist disturbances of 1967. The occasion for the violence this time, ironically enough, was neither the threat of externally supported subversion nor the advent of civil war; rather, it was the good-will visit of a friendly foreign leader, Japanese Premier Kakuei Tanaka...

Author: /time Magazine | Title: ASIA: Hot Time for Tanaka in Indonesia | 1/28/1974 | See Source »

...problems of the sixties exceeded the ability of the traditional "internal governance" method to deal with them. With the advent of these problems, two groups intiated a new pattern of activism. One group--made up of the post-war generation that has assimilated into the American mainstream--attempted to tap outside governmental resources for aid. They initiated a number of programs in adult education, health services, and social services. Well-educated, this group was able to work effectively and was able to articulate the needs of the community well enough to obtain some financial support. Another group of younger people...

Author: By John Wong, | Title: The Chinese Melting Pot | 1/15/1974 | See Source »

...hardly surprising that The Waltons, a cosmeticized version of Depression childhood before the advent of the Now world, is one of childhood's favorite TV programs. Even for a fourth grader, nostalgia has value−particularly nostalgia for time before his birth...

Author: /time Magazine | Title: A Child's Christmas in America | 12/24/1973 | See Source »

...advent of University hockey recruitment, with its expenses-paid excursions to American schools, have encouraged many hockey stars to look south...

Author: NO WRITER ATTRIBUTED | Title: Seven Canadian Freshmen Skate Here | 10/24/1973 | See Source »

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