Word: credited
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Dates: during 1960-1969
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Cleveland, however, shook off its apathy last year. Much of the credit goes to Ben Stefanski, a 30-year-old lawyer-turned-urbanist, whom Mayor Stokes had just appointed to be Cleveland's director of public utilities. Making up in enthusiasm what he lacked in experience, Stefanski persuaded Stokes to start a massive effort to scrub the Cuyahoga, and hence aid Lake Erie. The proposed price tag: $100 million in bonds, to improve existing facilities and build 25 miles of trunk-line sewers plus a modern sewage treatment plant...
...last year. But tight money and prospects of less exuberant demand have begun to change boardroom thinking. The Business Council expects that spending will increase only 11% this year and probably much less in 1970. Robert Tyson, U.S. Steel's Finance Committee chairman, concedes that the scarcity of credit may force cutbacks in 1970. "If you don't have the money, you can't spend it," says he. "It is as simple as that...
Somehow the Boston Press has failed to give Jack Van Berg the credit that he is due. It seems that everyone loves a loser and hates a winner. Clearly Jack will run away with the training honors at Rockinghgam Park--both in terms of races won and of percentage of winning starts...
...foundation. He left his dance-studio job and moved into (rent free) the organization's elegant town house in Philadelphia's Delancey Place. Soon, writes Walter, Harris had collected "several thousand dollars worth" of suits, jewelry (he went for diamond and sapphire rings), an expensive Daimler automobile, credit cards, exotic birds, camera equipment. The Buck name drew well, and by 1965 the board of governors included Art Buchwald, Sargent Shriver and Mrs. William Scranton. The foundation prospered...
Pride and Profit. TIME'S European Economic Correspondent Robert Ball has pieced together an explanation. Most of the gold, Ball reports, has been flown to Switzerland and bought by three banks: Credit Suisse, Union Bank and Swiss Bank Corp. Motivated by pride and profit, the three banks formed a syndicate a year ago and began to buy newly mined South African gold. They wanted Zurich to challenge London's position as the leading gold market, and they also figured to sell the gold at a lucrative markup. By carefully controlling their marketing practices, they could keep the free...