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...check-kiting scheme, several bank accounts were played off against one another to avoid bouncing any checks and to gain, in effect, interest-free loans. Hutton's scheme was illegal because the overdrafting was so consistent and the amounts involved so excessive. The maneuvers, which took place over a 20 month period beginning in July 1980, involved checks totaling about $10 billion. On some days, Hutton enjoyed $250 million in interest-free loans...

Author: /time Magazine | Title: E.F. Hutton's Simmering Scandal | 4/12/2005 | See Source »

...eventual victor must win seven matches in two weeks, some of which are bound to be played on ill-kempt outer courts, some of which are bound to be interrupted by rain or darkness. The physically tireless have the edge in these circumstances. And so do those who can avoid dank brooding on fate's fickleness...

Author: /time Magazine | Title: Sport: Everyone's Wild over Bobele | 4/12/2005 | See Source »

Sara Delano Roosevelt was in labor more than 24 hours before her 10-lb. son Franklin was born, blue and breathless. The doctor urged that she avoid further pregnancies, which she may have done by totally abstaining from sex. Her dedication to young Franklin was of an intensity bordering on the morbid. She kept him in girlish skirts and long blond curls until he was nearly six. Every hour of his day followed a strict schedule: up at 7, breakfast at 8, lessons from 9 to noon...

Author: /time Magazine | Title: Interiors: The Roosevelts | 4/12/2005 | See Source »

...misleading to compare the economic condition of native blacks with that of immigrants as a group. U.S. immigration policies require prospective immigrants to prove they have sufficient financial resources to avoid becoming welfare recipients once they arrive. Thus most legal immigrants to this land of opportunity are above the poverty level and are already better off than the 36% of blacks who are below that line. Victor Thompson Fort Wayne...

Author: /time Magazine | Title: Letters: Jul. 29, 1985 | 4/12/2005 | See Source »

...tells the story of an event and its consequences. Exhibits are arranged to indicate causalities. Einstein's letter to F.D.R. is located on a wall below a newspaper headline of the times: GERMANY ANNEXES AUSTRIA. There is a letter from Groves to Oppenheimer, requesting that Oppenheimer avoid flying in airplanes: "The time saved is not worth the risk." A photograph shows the July 16, 1945, Trinity test explosion at Alamogordo, looking like a glazed white coffee cup overturned on a bed of suds...

Author: /time Magazine | Title: What the Physicist Saw: A New World, A Mystic World | 4/12/2005 | See Source »

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