Word: banker
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Dates: during 1960-1969
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Penalty for Aid. Bankers certainly do not mind higher interest rates, but the financial world is concerned about the second Kennedy step: the new tax on U.S. purchases of foreign securities. As financiers see it, the tax may weaken the nation's position as banker to the world, and may be just a precursor of more controls. The Administration's third step-an arrangement to borrow up to $500 million from the International Monetary Fund-brought home more eloquently than ever before the gravity of the U.S. payments squeeze. All this concern about money has hardly helped...
...Long Island Sound like the hydrodynamic sea bird she is. Then-shades of the Ancient Mariner!-the debut was dampened by another hard-luck story. Off Hewlett Point lay a disabled cabin cruiser with smoke pouring from its engine compartment. t was the Bobbilee II, owned by Investment Banker Robert Lehman, and aboard as Lehman's guests were Movie Mogul Samuel Goldwyn and his wife...
...Does that little lady in the tweed suit really run that big, noisy Long Island newspaper?" an incredulous New York banker once asked one of her editors. "Run it?" he replied. "Hell, she drives it!" In 1954, for crusading against labor racketeering, Newsday won its first Pulitzer Prize, and by this year it had grown into the twelfth largest evening daily in the U.S., with a circulation of 370,000. It grew fat on advertising, now carries more linage than any New York daily, and is second in the U.S. only to the Los Angeles Times. Said one former editor...
...find themselves kneeling to kiss the episcopal ring. He befriended Milan's business community, yet he was also known as "the workers' archbishop." On his visits to factories, mines and office buildings, he always carried a portable Mass-kit in a briefcase-looking so much like a banker that Milanese irreverently dubbed him "Jesus Christ's board chairman...
...certainly count on the support of the board. Presided over by his father, the board includes Punch himself and a strong family cast: his mother Iphigene, his sisters Ruth and Marian, and his brother-in-law Richard Cohen. Outsiders on the board include Vice President Bancroft, retired World Banker Eugene Black, and Carr Van Anda's son Paul. The family also holds two-thirds of the voting stock. Patriarch Sulzberger announced the masthead changes last week with understandable assurance. "It can be truly said," he said, "that the Times is a family enterprise...