A Letter From The Publisher, May 10, 1971

WE had done a story on the Wall Street Journal, mentioning some of the staffers in important jobs, and back came a letter to the editor.

"Just when we began feeling a bit creaky in the joints and paunchy under the belt," it said, "we were positively elated to read that we're among those five 'young' editors who help put out the front page."

That was five years ago. One of the letter's signers, George Church, now a youthful 39, came to work for TIME'S Business section in 1969. He is presently one of our most prolific writers: this week's cover story—on Japan's...

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