Word: bankers
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Dates: during 1960-1969
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Fewer Flyspecks. It took a group of private citizens to get things moving. Led by Washington Post President Philip Graham and Investment Banker George Angus Garrett, who was the first U.S. Ambassador to Ireland from 1950 to 1951, a small, select band of Washingtonians organized in 1954 as the Federal City Council. They pleaded their case for a better Washington in the White House and to the Congress, raised $500,000 to start modernizing the city's shabby central shopping district. Their efforts paid off: by 1960, Congress had provided king-sized enabling programs for urban redevelopment, federal building...
...Spirits Fail." He came late to the field he has made intuitively his own. John Franklin Enders was born in Hartford, Conn., in 1897, the son of a banker and grandson of a founder of Aetna Life Insurance Co. He has a childhood memory of Mark Twain, a friend of the family, coming to call in a characteristic white suit. From St. Paul's, where he rowed in the crew, played hockey and football. Enders went to Yale, only to have his education interrupted by World War I. He joined the Naval Reserve Flying Corps, became a flight instructor...
...with activity; everybody knows everybody else, and outsiders like to stroll there. And in the face of all the city planners' tenets, North End has the lowest delinquency, disease and infant mortality rates in the city. Yet planners keep talking of the need to "redevelop" North End, and bankers almost always refuse to lend money there for local construction. Why? Explains one banker: "It's a slum...
...Knight named names and dates. Waving in his right hand a paper chit, Knight said it was a receipt for a $6.21 telephone call made on the morning of Sept. 8 from his room No. 108 in Sacramento's El Dorado Hotel. The call was to Los Angeles Banker J. Howard Edgerton, who had earlier tried and failed to reach Goodie by phone. According to Knight, the conversation went like this...
...Japan's brilliant, courtly central banker, Governor Masamichi Yamagiwa of the Bank of Japan, likes to relax by playing go-a, Japanese war game in which he astounds opponents with his daring, unbankerlike moves. But in recent weeks, torn between the need to cool off Japan's overheated boom (TIME, Sept. 8) and Prime Minister Hayato Ikeda's fear that any belt-tightening would hurt him politically, Yamagiwa, 60, has shown uncharacteristic indecision. Last week he finally hiked Japan's bank rate from 6.935% to 7.3%, the highest of any industrialized nation. Tighter money, Yamagiwa hopes...