Word: benefits
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Dates: during 1950-1959
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Moral or Mental. Far from being biased, said Ervin, he "gave Senator McCarthy the benefit of all doubts, both reasonable and unreasonable." Then Ervin moved to another subject: the McCarthy speech (released to the press but never delivered on the Senate floor) calling the Watkins committee the "unwitting handmaiden" of the Communist Party. Said Ervin: "First, if Senator McCarthy made these fantastic and foul accusations against the members of the Select Committee without believing them to be true, he attempted to assassinate the character of these Senators, and ought to be expelled from membership in the Senate for moral incapacity...
...committee from the graduate schools, they could insure coordination and promote interdepartmental research. An annual report by the department would give the President and the foundations a check on the use of the money. In addition, the President should appoint a review committee to evaluate the program for the benefit of the University, and for foundations that have feared the abuse of small grants...
...among the best in the U.S.; they are also partly responsible for the fact that sensationalism in the U.S. press is becoming a less and less salable commodity (see below). Said Cowles: "As the best papers have grown, the poorer papers, the marginal papers, have, to everybody's benefit, gradually died out . . . Those newspapers that are not in hotly competitive fields are moreover better able to resist the pressure to sensationalize the news, to play up the cheap sex story that will sell more copies than another that may be of far more importance and significance...
...biggest change of all is the flood of pension money going into the stock market. Up to 1950, few companies dared put more than 5% of their funds in common or preferred stocks, for fear that capital losses might imperil benefit payments. Today, many firms have as much as 50% of their pension fund in the market, and most of it in common stocks. Dr. Robert E. Wilson, chairman of the $2 billion Standard Oil Co. (Indiana), calls the pension funds "the strongest source of new capital going into the market." Where Stanolind once had 60% of its funds...
...even governors with no chance for Presidential or Vice-Presidential nominations (such as the governors of Maine, Minnesota, New Mexico, or Arizona) may have a chance to exercise national influence benefit-ting the Democratic Party. The governor's power to replace Senators who die in office with their own temporary appointments seldom draws much attention because control of the Senate rarely depends on these choices. But of the nine Senators who died during the Eighty-Third Congress, two Democrats--Lester Hunt of Wyoming and Pat McCarran of Nevada--were replaced by members of the opposite party. The new Democratic governors...