Word: co
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Dates: during 1950-1959
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...best conceivable set-up would involve a co-operative venture between the donor and recipient nations. The personnel of the former could be contributed to an independent pool on which the latter would draw for programs of their own creation. The pool itself would determine priorities. Though it would be financed jointly by the aid-giving countries, the administration of the finances should be as independent of these states' policies as possible...
WOMEN DRINKERS are returning to liquor ads, ending the gentlemen's agreement among admen not to use them. Calvert Distillers Co. will offer a Lady of Distinction (without glass in hand), while Glenmore Distilleries Co. will feature a woman in Scotch...
Guterma resigned as chairman and president of F. L. Jacobs Co., the diversified holding company for his 13 (at last count) corporations. In as chairman went beefy (225 Ibs.) Hal Roach Jr., whose heavy interests in Hal Roach Studios and Mutual Broadcasting System, two Jacobs' affiliates, spurred him to purchase Guterma's stock interests in F. L. Jacobs. Said Roach: "I want to get what I believe is an inherently good company back in shape." But SEC insisted that the only way to achieve that was for F. L. Jacobs to be placed in the hands...
...also charged that "some $2.000,000" appears to be "siphoned out" of the Jacobs Co. into Comficor, Inc. "Comficor," said New York SEC Administrator Paul Windels Jr., "is Guterma." Guterma denied this...
...Fireproof Tile. Armstrong Cork Co. put on sale a new acoustical ceiling tile that it hopes will cut costs in public buildings. Fire codes require heavy insulation of beams before applying ceiling tile; Armstrong's Fire-Guard tile eliminates the need by interlocking to form its own insulation. Price: 75? to $1.10 for a foot-square tile...