Word: brands
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Dates: during 1960-1969
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...Formula I car ever since he began racing for Italy's Enzo Ferrari in 1958. Shelby and Gurney pooled their savings, founded a firm called All American Racers Inc., opened a factory in Santa Ana, Calif. Working with Britain's Weslake Development Co., they produced a brand-new, three-liter engine-a tiny 400-h.p. V12-and a chassis to match. Built largely of magnesium and titanium, the whole car weighed only 1,185 Ibs. The project, of course, was painfully expensive. In all, Gurney and Shelby built four Formula I American Eagles in Santa...
...Chicago last week, 145 theologians, church historians, priests and ministers gathered for the organizational meeting of the brand-new North American Academy of Ecumenists. For most of the participants, it was like a college reunion. Many had spent the previous week at an interfaith Colloquium on evangelism at Notre Dame. Others were veterans of the series of theological dialogues carried on by the Roman Catholic hierarchy with various U.S. Protestant churches. Still others had attended talks at the World Center for Liturgical Studies in Florida, the Packard Manse retreat house in Massachusetts, the Jesuits' John LaFarge Institute in Manhattan...
Despite the financial obstacles facing most private universities (TIME cover, June 23), academe still has fearless optimists who figure they know how to beat the odds. No one is more con fident of ultimate success than Warren J. Winstead, president of the brand-new Nova University near Fort Lauderdale, Fla. Brashly aimed at becoming a Southern counterpart to Caltech and M.I.T., Nova U. is being guided by a blue-ribbon panel of top educators, will open its first classes this fall with just 21 graduate students, all on full fellowships-and also with 25 Ph.D. professors...
...never wrong," is a Rich's policy, and on that friendly basis the store goes to the improbable length of accepting any merchandise returns-even if they were bought at another store. Once, for example, Rich's exchanged hundreds of pairs of defective nylons of a brand it did not stock. A clerk at a rival store, according to a popular Atlanta story, was arrested for buying merchandise on an employee discount and exchanging it at Rich's at full price. A bride's mother who complained that a Rich's wedding cake came with...
Today, though the company shies away from such freak items as smoked whale steak and chocolate-covered ants, its goodies run the gamut from terrapin stew to mushrooms grown in Parisian caves and frozen coquilles St.Jacques in real shells. Its private brand of Kentucky bourbon is a best seller in New England. Despite its gourmet eminence, S.S. Pierce ran into trouble when supermarkets began stocking rival specialty foods to lure the well-to-do. Sales have stagnated around $35 million a year for a decade, and profits have lately dwindled to the vanishing point. Incoming President Williams hopes to beef...