Word: civics
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...makes great sense, because an editor can never know what the effects of disclosure will be. So why should he trap a good story in the morass of worthless hypotheses? The Times should know this more than other papers, because it was once badly burned by sitting with great civic pompousity on a piece of hot news. In 1961, The Times learned of the upcoming Bay of Pigs invasion--"an important ongoing operation," as Rosenthal would say--but the publisher, at the urging of James Reston, ordered the story about it toned down and placed in a less-prominent spot...
...area where she could possibly have been of real help--the section on resources and appendix of agencies--Loeser sticks closely to her home base. She is co-director of the Civic Center and Clearing House in Boston, and an ex-research scholar at the Radcliffe Institute...
...episode is all the more poignant because Heltzer, Cross and Hansen were held in highest esteem in the tightly knit and circumspect business community of Minneapolis-St. Paul. And the 3M Co., Minnesota's largest employer, prides itself on its finely developed sense of civic responsibility. Actually, 3M's travail is a classic example of the post-Watergate traumas that have plagued many U.S.companies that made illegal political campaign contributions...
...payoff system was simple. Civic Affairs Director Wilbur M. Bennett, who has not been indicted, would submit the names of likely recipients to Bert Cross, who was chief executive officer from 1963 to 1970. Cross approved each gift. Hansen kept the cash in an office safe and then gave the money to Bennett, who passed it on to the approved candidates or their emissaries. When Heltzer succeeded Cross in 1970, he carried on the practice. He was under the impression, he testified earlier, that the money came from private contributions by 3M executives. "I know I should have suspected that...
...U.D.C. has been a prodigious builder. In just seven years it has completed or started housing for 33,000 families, as well as numerous civic and commercial projects and three "new towns," one of which lies half-built on an island in the middle of Manhattan's East River. The agency's troubles began last summer when it postponed a sale of $100 million in short-term notes because it felt that interest rates (then around 9%) were too high. By last September, when the U.D.C. finally sold $225 million in bonds, it had to pay a painful...