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This year Singleton has reached out to acquire such firms as Pennsylvania-based American Safety Table Co. (industrial sewing equipment), New York's Wah Chang Corp. (rare metals) and Denver's Aqua Tec Corp. (oral-hygiene appliances). That kind of diversification means that Teledyne has thereby reduced its reliance on Government contracts, which now account for only 45% of its business v. 82% in 1964. With profits increasing by an average 190% annually (to probably $20 million in 1967) Singleton's Teledyne holdings have grown from his original stake of $225,000 to about $32 million...
...provincialism, and refers to the fact that Szechwan, being surrounded by mountains, does not enjoy the sun for long periods. But TIME is to be congratulated for using Chinese proverbs typical of Chinese thinking-even though their meaning be tailored to the story in question, perhaps a case of Chang kuan Li tai-"Li wearing Chang's hat"-in other words, the right proverb in the wrong place...
Besides Barnes and Kroll, other members of the new executive committee are William Schaeffer '68, vice-president and director of intercollegiate affairs; Barbara Sard '68, director of new programs; and Aida Chang '68, secretary. Andrew M. Gilman '68, and Donald M. Berwick '68 will evaluate and coordinate the semi-autonomous committees of PBH--a function which two vice-presidents performed last year
...during its 18 months of construction, involved Lee in further controversy, however. In the midst of construction, chemicals that had entered the country duty-free for use in fertilizer making were sold to a saccharin-processing firm at a $40,000 profit. As a result, Lee's son, Chang Hee Lee, was sentenced to five years in prison for smuggling; he is appealing...
Also: Maureen Howard, work on her third novel; Jean Chace '56, work on her poetry; Jeanne Garrigue, work on both poetry and prose; Eileen Chang Reher, writing and translating Chinese literature; Elzbieta Chodakowska, the lawyer in American literature; Hannah D. French, a book-length manuscript on early American bookbinding; Barbara B. Green, government and politics of Eastern European countries; Patricia Grimsted, political attitudes in early nineteenth century Russia...