Word: bigs
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Dates: during 1960-1969
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Apparently that idea has not caught on in Atlanta. As matters now stand, unless Atlanta's citizens come forward with a big, overall subsidy, the opera, ballet and repertory theater will have to operate independently, scrambling in an every-man-for-himself competition for funds. In that case, the ballet and theater face severe difficulties. The opera, under the direction of veteran opera singer Blanche Thebom, may go under altogether...
...grow through investment. "It's been a tough year," says Grady Green, vice president of the $351 million Channing Growth Fund. Channing ranked high in 1967, when it grew 47%; last year, with a growth of 2.6%, it was 296th. Like the Manhattan Fund and many other big funds, Channing was heavily invested in the more seasoned glamour stocks-Ling-Temco-Vought, Fairchild Camera, Polaroid-that declined during the stock slump before Lyndon Johnson's March 31 renunciation, and have been slow to recover. Big funds cannot move out of such stocks quickly without upsetting the market...
Unfortunately, that record is more than a little misleading. The 69 funds that failed to outperform the Big Board's index account for some $21 billion-or more than 38%-of all the money in funds. Investors Mutual Fund, the industry's biggest (assets: $3 billion), grew a disappointing 8.45%. A sister fund, Investors Stock ($2.3 billion), gained 8.3%, while Wellington Fund ($1.8 billion) rose only 8%. Fidelity Trend ($1.4 billion), which registered a 34% increase in 1967, achieved no more than a 1.76% rise last year...
...Crumb has been out in San Francisco for the last couple of years, drawing these comics (all have, by the way, appeared in various magazines). He drew the cover for Big Brother's "Cheap Thrills." He says what he's got to say very quietly and joyously, and I hope he'll continue to find things that he wants...
...when a California Big Freeze hits the Southern citrus region, it's serious business. After a pocket of air from the North Pole descended on Southern California last month and gripped the orange groves in its 25-degree chill, nearly one half of the crop was lost. Local newspapers ran editorials to moan about the loss of what appeared to be a bumper orange crop, and grumbling orange growers could find consolation only by scanning the papers for reports of freezes in hated Florida...