Word: chief
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Dates: during 1950-1959
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...Quemoy, attempted in a U.S. congressional election year to scare off the U.S. with hair-raising war threats, the U.S. warned Red China that it intended to meet force with force (TIME, Dec. 29). Result: Red China backed down in a crushing loss of face, fired its army chief of staff. Year's score in Asia: Red China lost great face...
...take on the job-vacant since the "wanted" sign was hung out last August-of running the Pentagon's increasingly diverse research, and engineering problems. The man: Dr. Herbert York, 37, one of the nation's top scientists, who has been holding down the job of chief scientist of the Defense Department's Advanced Research Projects Agency, ten-month-old overall Pentagon planning group...
Chain of Command. In another pertinent step, the Supreme Soviet last week ratified the appointment of Central Committee Personnel Chief Aleksander Nikolaevich Shelepin, 40, as the Soviet Union's top cop, succeeding the bloodstained General Ivan Serov (TIME, Dec. 22). A youthful political commissar in the 1939-40 Russo-Finnish war, Shelepin rose through the Young Communist organization and served as its secretary from 1952 until he joined Khrushchev's headquarters staff last year. Too young to have been active in the police terrorist years of Yezhov and Beria, Shelepin has not yet acquired the hateful public reputation...
...billion annually, a new record, and industrial production was back up to 142 on FRB's index, only four points below the alltime peak. Where to in 1959? As usual, the forecasters see clearly for six months: a gradual, continuing recovery without explosive boom. Says Louis J. Paradiso, chief statistician for the Commerce Department: "1959 will be moderate. The graph will go back to saucer form. The momentum of the recovery will show a very good rate of increase in the first half, with the second half showing no acceleration...
...billion. The merger, said Morgan Board Chairman Henry Clay Alexander, 56, will enable both banks "to serve our clients' increasing needs and our country's growth even better." The merger was characterized in Wall Street as "Jonah swallowing the whale," since Alexander will be chairman and chief executive officer of the Morgan Guaranty Trust Co of New York; Guaranty President Dale E. Sharp, 55, becomes president...