Word: clausen
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Such gatherings are not large compared with the major rock festivals, but they indicate that the Jesus movement, unlike many aspects of the youth counterculture, has survived the fad phase and is settling down for the long haul. Says Christine Clausen, 22, a Californian who is now evangelizing in Germany: "The trippers, the bandwagon jumpers, the people who were just looking for another high have left...
...nation's businessmen and bankers generally supported the President's actions. Said A.W. ("Tom") Clausen, president of the Bank of America: "We believe his program will begin to make possible an orderly transition out of the freeze." With liberal use of metaphor, Dow Chemical Chairman Carl Gerstacker responded in terms that Sports Fan Nixon understands best: "The President has hit another home run in the fight against inflation." Chrysler Corp. Chairman Lynn Townsend voiced the hope that the Price Commission will allow some increases on '72 models, which came out during the freeze. Said he: "We price only once...
...wage inflation has gone so far now that it requires much more direct intervention by Government. I'm not talking about freezes or mandatory controls. But I am talking about a much more direct, determined and explicit Government intervention. I come to this conclusion sadly and reluctantly." A.W. CLAUSEN, president of the Bank of America. "The President should speak out more forcefully and specifically on inflationary settlements and price increases. The Administration is failing with its laissez faire policy...
...Clausen, president of the Bank of America, predicted a one-half of 1% drop in the U.S. prime rate "in the next two or three months." He added that the rate could fall by a full percentage point during 1970, and perhaps more if the economy slows faster than expected...
...Profit Alone. Clausen's main challenge will be continuing the bank's phenomenal expansion. During Peterson's six-year tenure, assets have risen from $14.7 billion to more than $25 billion, and the number of foreign branches has expanded from 44 in 1966 to 96 now. Four years ago the BankAmericard operation counted 1,300,000 cardholders in California; it now has 27.5 million cardholders in 48 states and 40 foreign countries, and is adding a million new customers a month...