Word: big
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Dates: during 1950-1959
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Though smaller (60 Moscow newsmen, 65 correspondents in Russia and ten abroad), Izvestia is every bit as profitable as big brother: on a recent visit to this country, Assistant Editor A. G. Baulin confided to a U.S. publisher that the paper reaps an annual profit of $10 million, clears 2? on every copy it sells...
Special Assistant Klein's first big assignment will be to handle the Vice President's news chores on the July good-will trip to Moscow. From then on he will be Nixon's press secretary through the 1960 campaign.* And if 1960 should be Richard Nixon's year, Herb Klein might well be expected to move on to the White House as the successor to Presidential Press Secretary Jim Hagerty...
Manhattan gallery-hoppers found a refreshing change last week from the usual abstract-expressionist slatherings. Rome's Domenico Gnoli, an Old World newcomer of 26. exhibited a sheaf of big, clear-cut, conservative drawings at the Bianchini Gallery, found himself famed and in the money. What attracted critics and buyers alike was Gnoli's obvious mastery, modesty and calm. Though not the greatest virtues possible to art, these qualities are currently rare-and as delightful as cold water after a binge...
...Maine farmer sent $5 "from the chickens I sold" to one fund, later followed it with a bigger check and a note explaining "These are my hogs"; by the time he had gone through his barnyard, he had invested $6,500, which has leaped in value to $14,000. Big investors also flock to the funds: such schools as Massachusetts Institute of Technology, the University of Oklahoma, and Texas Christian University have invested part of their endowments. The funds have been copied abroad in Great Britain, West Germany, Switzerland, Mexico. Ten years ago, most people had never heard of mutual...
Fish-Bowl Policy. The fund that has done more than any other to put shares in the household sugar bowl is Massachusetts Investors Trust, oldest and big gest of the mutual funds and the one that set the pattern for all the rest. M.I.T is a child of Boston, which has raised the handling of O.P.M. (other people's money) to the status of a fine art. The art was born of an 1830 court decision, the "Prudent Man Rule." In settling a suit charging a trustee with negligence in investing in common stocks, the judge held that...