Word: armande
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...Then it tried to tighten credit by sopping up the extra funds and permitting its banks to boost their discount rates. For the debacle in bonds, whether brought on by fumbles by the Treasury or the surprisingly quick turnabout in the economy, the Treasury is being bitterly blamed. Said Armand Erpf of Carl M. Loeb, Rhoades & Co.: "I suppose the loss of several billions of dollars in bond values is the price we have to pay to break in a new-Secretary of the Treasury...
...Armand Hammer, 59, board chairman of Mutual Broadcasting System, stepped in as president, replacing Paul Roberts, 44. Hammer, an independent oilman, formed the syndicate that bought Mutual from RKO Teleradio Pictures, Inc. last August, installed Roberts, a Los Angeles radio executive, to pull /the money-losing network into the black. While Roberts' big stress on music and news brought MBS to the break-even point, he and Hammer reportedly disagreed on the future plans. Hammer said he would remain president only until he could get someone else...
France's square-set, hard-driving Louis Armand, 53, became president of the six-nation European Atomic Energy Community. A classic specimen of the topflight civil servants turned out by France's elite schools to carry on the nation's business while governments rise and fall, Armand is the engineer whose imaginative direction has restored French railways to a place among Europe's best. As president of a prospecting commission, he sparked the French drive to develop Sahara oil. Appointed one of the "Three Wise Men" in 1955 to look into Western Europe's energy...
...Institute also released information regarding the death of Alpha I, the first Sputnik's rocket, which should come to earth over the weekend. Dr. Armand Spitz of the Smithsonian staff stated that the "actual death of Alpha should be a spectacular event, a bright flashing streak visible for hundreds of miles...
...with the room service, Armand decides to sell the hotel. But all is not lost, and in time he meets a trig, purposeful American girl named Evelyn. She takes over Armand's business affairs like a one-woman managerial revolution, but she also shows him what noisy music they can make together by staging a small riot in a restaurant and getting the duke thrown in jail. Since no one in his family has had this kind of fun since the French Revolution, Armand happily jettisons liberty, equality and fraternity for connubiality. U.S. girls are a trifle bossy...