Word: systems
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Dates: during 1970-1970
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...Illinois anthropologist and author of The Children of Sánchez and La Vida, a collection of intimate portraits of Mexican and Puerto Rican slumdwellers; of a heart attack; in Manhattan. His books were based on lengthy tape-recorded interviews that described as nothing else could people whose value system is almost totally a function of their poverty. Most controversial was La Vida, a shattering account of three generations of a family in the barrios of San Juan and New York, in which Lewis states his theory that poverty is an identifiable culture transcending national differences...
...Nazi-like greatcoat worn by Pizarro (formidably portrayed by Baritone Walter Berry) was an irrelevant touch, the eyeglasses he took from a pocket-a desk man-were the perfect way to suggest Pizarro as not just a vague, timeless man of evil but the product of a villainous system...
...began its current investigations in January, seemed generally impressed by the testimony of Nader's young investigators. Senator Frank Moss, a Utah Democrat, is looking toward establishment of a corps of federal inspectors to see that the homes come up to standard. Moss also hopes to change the system of federal payments to reward those homes that provide high quality care and discourage those that...
...Reserve's prime job is to prevent just such disasters. After Texas Congressman Wright Patman, an archenemy of banks and railroads, blocked the Nixon Administration's efforts to prop up the Pennsy with a $200 million loan guarantee, the Federal Reserve moved swiftly to steer the financial system out of danger. The board made a special point of offering to advance credit to commercial banks through its "discount window," providing them with much needed funds for relending to corporations that had to pay off commercial paper. The mechanism was conventional, but the need for speed was so urgent...
Companies that had thrived by borrowing and expanding recklessly simply collapsed. Several franchising chains took a clobbering, including International Industries' House of Pancakes, Joe Namath's Broadway Joe's and Minnie Pearl's Chicken System. So did computer software firms and rickety conglomerates. Flamboyant, fast-talking entrepreneurs toppled like dominoes. Among them was Bernard Cornfeld, the expatriate supersalesman who had built Investors Overseas Services into the largest mutual fund organization selling shares to foreigners. Denver's John King, whose King Resources sold interests in oil wells and other holes in the ground, tried to come...