Word: coeds
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Dates: during 1960-1969
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...long talks with Juan Velasco Alvarado, leader of the military junta that seized power last fall. Subject: the approaching showdown between Peru and the U.S., which neither nation really wants. Soon after his junta overthrew President Fernando Belaunde Terry in October, Velasco expropriated the U.S.-owned International Petroleum Co. As a result, the U.S., under a congressionally imposed retaliation called the Hickenlooper Amendment (TIME, Feb. 14), would have no choice in six months but to cut off aid and favored trade with Peru unless "appropriate steps" were taken toward a settlement compensating the oil company...
Their presence is most conspicuous in the Defense Department, where Deputy Secretary David Packard, the millionaire co-founder of California's Hewlett-Packard Co., is only one of half a dozen business executives in the inner circle. Among the many others at high levels is Nathaniel Samuels, former managing partner of Wall Street's Kuhn, Loeb, a deputy Under Secretary of State. The new Under Secretary of Labor is James Hodgson, a former Lockheed Aircraft vice president for industrial relations...
...most 10% of the airline's common stock and could fairly easily become the largest shareholder. Looking into Resorts, they found that it was largely a family affair run by Crosby, 41, and some of his relatives. Crosby in 1958 had taken over the Mary Carter Paint Co. ("Buy One-Get One Free"); he later bought most of Huntington Hartford's interests on Paradise Island and sold the paint-making part of the business. Resorts International appeared to be well managed, but more than half of its profits depended on roulette and craps tables. It had a call...
Some policymakers at Ford Motor Co. must rue the day, back in 1911, that the company set up shop in Britain. Though its pay scales run well above the industry average in Britain, Ford has been a prime target of wildcat strikes that torment the country's economy and damage its deteriorating trade position. Last year Ford lost 1.2 million man-hours to "unofficial" walkouts, often led by only a handful of professional soreheads. Lately the company has hoped to buy its way out of the strike nightmare by offering its workers a simple tit-for-tat: extra money...
Captain Bobby Bauer and junior George McManama were awarded Harvard's two traditional prizes while seniors Chip Otness and Dwight Ware were named co-winners of the newly-established Ralph "Cooney" Weiland Award...