Word: co
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Dates: during 1950-1959
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Last week the Senate Judiciary Committee, chaired by Mississippi's Democrat James Oliver Eastland. and the House Judiciary Committee, starring Pennsylvania's Democrat Francis E. ("Tad") Walter, co-author of the McCarran-Walter Immigration Act. handed the President and the U.S. their answer. Its net: the U.S.'s prestige and the U.S.'s good faith could go hang...
...dollar marriage brokers: Major General John B. Medaris. boss of the Army's missile-making Redstone Arsenal; Major General Bernard A. Schriever, boss of the Air Force's ballistics-missile program; and Wilson's special assistant for guided missiles, William M. Holaday, onetime Socony Mobil Oil Co. Inc. research director. Wedding date: "Earliest practicable," probably October...
MUTUAL BROADCASTING, in the past a money-losing system, is being taken over from RKO Teleradio Pictures, Inc., a General Tire & Rubber Co. subsidiary, by a syndicate headed by Oilman Armand Hammer, who will become chairman, and Los Angeles Radio Executive Paul Roberts, who will become president. Group paid about $750,000 for network's good will and advertising contracts with 480 U.S., Canadian stations...
...many businessmen, worried about soft spots in the economy, the nation's bankers last week gave solid reassurance of the continued strength of the boom. The demand for credit for expansion of all kinds is still so great-and money so tight-that Manhattan's Bankers Trust Co. boosted its prime rate for loans from 4% to 4½%. Banks around the country soon followed. Two days later the Federal Reserve Board approved a boost in the discount rate by four of its twelve district banks from 3% to 3½%. The new Fed rates, highest since...
...deprived of our traditional steelmaking role. We needed new blood, a new approach, a fresh policy. I decided we should start looking for a man who did not know steel." Krupp found his man in 40-year-old Berthold Beitz, the breezy general director of the Iduna-Germania Insurance Co., who had boosted his company from 16th to third place in postwar Germany. Krupp met Beitz through a mutual friend, studied him carefully for months before finally asking him to become Krupp's general director. Said Beitz: "I thought the Krupps were trying to borrow some money from...