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...been revealed to him that liberals as well as conservatives believe in "the concentration of power in the fewest practical hands." He was once one of American business's staunchest supporters; now, in a paraphrase of Proudhon, he writes. "Corporate capitalism is an act of theft" because "a very few live very high off the work, invention and creativity of very many others." Hess does not buy state socialism either, regarding it as "an act of betrayal... by bureaucrats who have contrived a new synthesis of capitalism's obsessive bookkeeping with feudalism's top-down, absolute authority...

Author: /time Magazine | Title: Books: Means and Extremes | 5/19/1975 | See Source »

...able to do logarithms. Yet the superbikes' forward motion does not differ substantially from that of the cheaper models. Non-aficionados often wonder whether it might be cheaper to buy ten $100 models, replacing each one as it gets worn out. Or, more likely, stolen; bicycle theft has become America's fastest-growing crime...

Author: /time Magazine | Title: Time Essay: The Full Circle: In Praise of the Bicycle | 4/28/1975 | See Source »

...conditions heightened the dread of losing the crutch of fixed commissions. In the early '70s, for example, many sloppily managed firms were driven out of business because they were not automated enough to handle swelling trading volume. There followed destructive "back office" paper jams, missing stock certificates and theft. In recent weeks, firms have easily shouldered daily trading volume that would have smothered many of them a few years ago. Even so ardent a foe of negotiated commissions as James J. Needham, chief of the New York Stock Exchange, concedes that brokers are ready for Mayday. Says he: "They...

Author: /time Magazine | Title: WALL STREET: Prosperity Blunts 'Mayday's' Edge | 4/28/1975 | See Source »

...enemy rocket fire. Then, without us even firing a shot, the province chief gave the order to disperse. Everyone fled; even wounded soldiers got out of their hospital beds and walked off. On the road, I saw armed soldiers forcing people out of their cars and countless instances of theft; some soldiers were even carting sacks of fertilizer and driving 100 tractors out of a warehouse owned by a relative of President Thieu. Saigon is going to go too; wherever we go, the Communists are going to get there...

Author: /time Magazine | Title: VIET NAM: The Communists Tighten the Noose | 4/21/1975 | See Source »

...city committee chairman Peter Camiel. Phillips offended both factions by allying himself with neither and prosecuting malefactors in both camps. Though he has obtained indictments against six cops, he has also bagged numerous state and local officials who have been charged with offenses ranging from bribery to extortion to theft of public property. Fifteen members of the state department of transportation, including the regional superintendent in Philadelphia, were charged with submitting pay vouchers for hours they had never worked. To date, a total of 42 individuals have been indicted. Seven have been convicted or have pleaded guilty; none have been...

Author: /time Magazine | Title: INVESTIGATIONS: A Wealth of Enemies | 4/21/1975 | See Source »

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