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...seemed little more than a routine civil suit brought by the Securities and Exchange Commission. Overnight, however, the case burgeoned into a Washington scandal involving the office of House Speaker John Mc-Cormack. The first to be tarnished was Dr. Martin Sweig, 46, McCormack's $36,000-a-year aide for the past 24 years, who was suspended by the Speaker last week pending a complete inquiry...

Author: /time Magazine | Title: Investigations: The Voloshen Connection | 10/24/1969 | See Source »

...past 18 years, the seven-member board has been headed by William McChesney Martin, 62, who has become almost as much a fixture in the capital as the Washington Monument. But his term in the $42,500-a-year job ends on Jan. 31, and by law he cannot be reappointed. Last week President Nixon announced his choice as successor to Democrat Martin. The new economic maestro is Arthur Frank Burns, 65, a self-described "moderate Republican," a longtime close aide of Nixon, and a stubborn anti-inflationist. For at least the next four years, the nation's money...

Author: /time Magazine | Title: Business: NIXON'S NEW MAESTRO OF MONEY | 10/24/1969 | See Source »

...Expo open-has alienated Montrealers from their political leaders. The city's police were particularly angry because their Toronto counterparts receive more pay for less dangerous work. When the city offered the police an increase that still left them $800 short of Toronto's basic $9,200-a-year scale, the cops struck. As an Ottawa official put it: "The people who had been kicking them and stoning them and bashing them over the head weren't paying them enough...

Author: /time Magazine | Title: Canada: City Without Cops | 10/17/1969 | See Source »

...only thing between the bulldozer and the birds is a suit filed by an odd coalition of six conservation groups and the N.A.A.C.P. Seeking a federal court injunction, they charge that the golf course would be de facto segregated because few local Negroes could afford the $100-a-year membership, plus fees. The case will be heard this month, but thus far the vision of green fairways seems to outrank either the black man's cause or the yellow bird's fate...

Author: /time Magazine | Title: Wildlife: The Beat of Passing Wings | 10/17/1969 | See Source »

...tight-money policies to slow down an overly accelerated economy, which is what is happening now. After that, still another three to six months generally pass before price increases start to lade. By this reckoning, the Administration will do well if it manages to reduce today's 6%-a-year price inflation to something approaching 4% by the early or middle part of next year...

Author: /time Magazine | Title: Business: INFLATION: WHAT MORE CAN NIXON DO? | 10/10/1969 | See Source »

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