Word: agee
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Dates: during 1950-1959
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Frederick Andrew Seaton, 47, after seven months as Secretary of the Interior, is the youngest Cabinet officer in age and service. Succeeding Douglas McKay, Seaton assumed a difficult job with the light hand and sure footwork that marked earlier Washington assignments, e.g., as Charlie Wilson's public relations counselor and as presidential administrative assistant. Currently Seaton's touchy job is to reverse some McKay water and power decisions that proved to be vastly unpopular in the Far West, e.g., to shift emphasis from McKay's theories of all-out help for quick, private-power development...
...Cabinet officer whose quips and forthright answers have earned the most smiles, howls and congressional yowls. Wilson probably will be the first in the Cabinet to retire, possibly this summer or fall. But he will go not because of carps or criticism against him, but because of age and a desire to rest. As a military man, Ike understands Wilson's problem of holding a lid on the highly competitive services, and can see that he is doing it with better than average success. Wilson has buttressed civilian supervision of the armed forces, headed off Pentagon feuds, supervised...
...gloomy steel report front-paged in the Wall Street Journal, and sent over the Dow-Jones ticker, which said that demand is disappointing and inventories are building up too fast. Steelmen thought the report was far too pessimistic, and so did the industry's bible, Iron Age. Said Editor Tom Campbell to the American Warehousemen's Association in Chicago: "The facts do not suggest a rate of activity under that of last year, when steel production was 115.2 million tons...
...reality and people who ring true. The film was adapted by Robert Dozier, son of RKO Production Chief William Dozier, from his TV play, Deal a Blow, and is based on an incident that happened to him. Its point turns on the emotional gulf that separates a bright teen-age boy from his successful movie-producer father...
...uncommon crook, Kreuger did not crumble on Black Thursday. Indeed, he never defaulted on a dividend; but he was in the trap of paying dividends out of capital. He gambled millions in the market himself, and lost. Outwardly calm but inwardly frantic, he became the master forger of the age when, in 1931. in the inner fastnesses of his regal headquarters at the Match Palace in Stockholm, he forged with his own hand $143 million in Italian government bonds. By now, Kreuger's Depression-gored empire was bleeding cash too fast to be saved by bogus credit plasma...