Word: controls
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Dates: during 1950-1959
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Third Game. For the opener in Los Angeles, a record World Series crowd of 92,294 began filling the parking lots that sprawl outside the Coliseum as early as 1 a.m. Dodger Pitcher Don Drysdale had control trouble, but Catcher Roseboro saved him by gunning out three of the touted Chicago speed boys (Rivera, Aparicio, Fox) on attempted steals of second. With the bases loaded in the seventh, gimpy Carl Furillo, 37, came off the Dodger bench to hit a bouncing ball past the frantic glove of Shortstop Aparicio, and drive in two runs. The Sox threatened in the eighth...
...Chicago federal court, the most important legal decision affecting U.S. business this year-and perhaps for years to come-was handed down last week by snow-mustached Judge Walter Jacob LaBuy. Framing the terms for the long-awaited divorce of Du Pont from its 23% control of General Motors stock, Judge LaBuy ruled that Du Pont may keep its 63 million shares (market value: $3.5 billion), but must give up its voting rights...
...companies held in similar violation of the Clayton Act need only transfer their voting rights. Deeply disappointed, Department of Justice lawyers may appeal. They well recall that the Supreme Court has reversed LaBuy once before on the case; it upset his 1954 ruling that Du Font's control of G.M. did not violate the Clayton Act. Last week LaBuy himself left the door slightly ajar. He noted that several bills are pending in Washington to ease the tax bite of an enforced stock distribution. If a bill should pass, said the judge, his decision is open for "review...
...both the gold standard and a price hike. Says a top U.S. Treasury officer: "The full gold standard is oldfashioned, impracticable, a discipline enforced with the lash. The world has moved on without it." In place of that rigid discipline, nations have built up flexible disciplines better suited to control the ups and downs of the complex modern world, such as the International Monetary Fund. Opponents of return to the standard of a quarter of a century ago insist that the U.S. is already as near to a gold standard as necessary, since gold still backs up its currency...
...F.D.R. to be chairman of the War Production Board, captained the gigantic wartime industrial effort, went abroad to oversee production in England, China and Russia, resigned (1944) in a huff over what he felt was interference by the military, whom he later accused (Arsenal of Democracy) of trying to control the U.S. economy, became president (1945-47) of the Society of Independent Motion Picture Producers; of a cerebral hemorrhage; in Los Angeles...