Word: annually
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Dates: during 1960-1969
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...many of his proposals are original. His answer to poverty boils down basically to jobs, which is roughly what everyone else is saying, but unlike many other liberals, he opposes a guaranteed annual income. "To give priority to income payments," he argues, "would be to admit defeat on the critical battlefront of creating jobs." He wants to raise social-security benefits and finance part of the increase from general revenue. He wants better housing and welfare programs. His ideas about how to finance all this are debatable. Tax loopholes must be closed, he says, starting with a minimum 20% levy...
...appointment of Bob ("Pappy") Hunt as an assistant to Stowell and varsity coach Bill McCurdy was announced by Adolph W. Samborski '25, director of athletics, at Sunday's annual track banquet at the Harvard Club of Boston...
Currently, that direction points toward $10 billion annual sales in 1970, a goal that will be easily exceeded if the company maintains its current a-year growth rate. Wood's own ideas are still generating much of that impressive growth. Simple expansion, which he daringly pressed after World War II when competitors were fearfully holding back, is one factor: Sears's $190 million expansion plans for this year include 35 new stores, nine of them in Eastern states where sales have jumped by 63% since 1962. Another still-blossoming Wood notion is insurance. Sears's Allstate subsidiary...
...computer field has established its own European image among such veterans as IBM, Machines Bull and Siemens. With only 700 employees in a factory in the Westphalian town of Paderborn, Nixdorf still sells two out of every three small digital computers bought in West Germany. At the annual Hannover fair, Nixdorf's first-time display became a magnet for Germans interested in business machines; of the fairgoers who visited the Nixdorf booth, 780 were classified as "serious customers," and the company now anticipates at least 200 new sales as a result. Founder-Owner Heinz Nixdorf, 43, has also completed...
...same mold as Eastern Air Lines' Eddie Rickenbacker, United's William A. Patterson and American's C. R. Smith, Trippe was the last of them to relinquish command. And the manner of his departure was typical of the reticent executive. Presiding over Pan Am's annual shareholders meeting, barely 24 hours after the airline's other top brass first got the word themselves, he casually dropped the news at the end of a 45-minute speech on company finances. When 62-year-old President Harold E. Gray, his hand-picked successor...