A Letter From The Publisher, Jul. 14, 1975

Many experts, like Senior Editor George Church, are drawn to their disciplines irresistibly by the forces of supply and demand. "The reason I began reporting business," Church admits, "was that I heard the Wall Street Journal was hiring people with no experience." Thus in 1954, Church began his apprenticeship on the Journal, reporting on the food and textile industries. "I found myself far more fascinated with business than I had expected," he recalls. "It requires the type of mind that enjoys puzzles—the more pieces, the better." Since joining TIME in 1969, Church has unraveled economic enigmas in dozens of lead articles...