Word: accountability
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Dates: during 1950-1959
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Perspective of History. The entangling necessity of having to take into account the desires, pride, prejudices and whims of U.N. members has become a permanent complication of U.S. foreign policy. But it is by its own choice that the U.S. meets the complication. During the years since the U.N.'s birth, the U.S., in a momentous shift of national outlook and policy, has committed itself to trying to achieve some of its national objectives through the forum that President Eisenhower called "man's best organized hope to substitute the conference table for the battlefield...
...mergers, interlocking directorates and subtle cooperation, all the major groups are together again, forming giant corporations. The three biggest-Mitsui, Mitsubishi, Sumitomo-already account for well over 35% of Japan's total commercial and industrial business. Mitsubishi controls 22 major firms with 189 subsidiaries, produces 37% of Japan's ship tonnage, 57% of its sheet glass, 20% of its electrical machinery. Profits before taxes last year: $77.5 million, on sales of $2.3 billion, plus banking and insurance operations. Rival Mitsui, which reported $2.8 billion in sales and $85 million in profits in 1957, controls 24 major firms with...
...quick movement of troops to Lebanon might bolster whatever resistance there might still be in Iraq. The President's advisers agreed that U.S. intervention would surely reap hot Russian and Nasserian denunciation, but not, in all probability, armed opposition. Crisply and quickly, General Twining laid out a precise account of how U.S. forces could be deployed to help Lebanon...
...Called Methodists" in 1784. Last week the zeal seemed to be guttering low. As 650 delegates met in a heat wave at Newcastle-on-Tyne, even their lustiest singing of The Living Church ("And are we yet alive") could not hide their mood. By the delegates' own gloomy account, the Methodist Church in Britain is sick...
...euchred the Indians out of Manhattan Island for $24 in beads and trinkets, real estate has been one of the happiest hunting grounds of all for the Great American Confidence Man. Last week in Washington members of the Permanent Subcommittee on Investigations sat spellbound as witnesses unfolded a vivid account of the latest and biggest real-estate con game: the "advance fee" racket. From its birthplace in Chicago more than five years ago, the racket has expanded to all 48 states until some 70 firms now bilk unwary U.S. property owners of an estimated $25 million-$50 million a year...