Word: dillons
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Dates: during 1960-1969
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Treasury Secretary Douglas Dillon, Presidential Economist Walter Heller and M.I.T. Economist Paul Samuelson lately have taken up the argument that Martin and his colleagues unwisely tightened money before the last recession. Attacking the system's penchant for secrecy, such Democrats as Wisconsin Senator William Proxmire complain that trying to find out why and how the Federal Reserve makes its decisions is like "trying to paste a custard pie on a wall." To make the Federal Reserve more dependent upon the President and upon Congress' easy-money advocates, Patman is sponsoring bills that would: >End its authority...
...took an unusual step to prod the Europeans. The Treasury issued a book-size document that draws highly critical comparisons between Europe's creaking, suspicious and medieval bond and stock markets and the wide-open, well-heeled U.S. markets. Europe's capital markets, said Treasury Secretary Douglas Dillon, "are not as efficient and as effective as they might be, and as they will need to be, to play the role in the financing of European economic growth of which they are potentially capable...
...performance of Scully and Sadlacok When Sadlacok in "on," he is the best outside-shooting guard Harvard has had in years. But when he's off, he's awful, and last weekend against Brown and Yale the 6-1 sophomore was shooting about as accurately as Marshal Dillon's adversaries in Dedge City gunfights...
...Guatemala but turned it down because "I didn't feel I was really qualified by age or service experience." He went instead as deputy chief of mission to Guatemala, a year later was named ambassador to El Salvador, and in 1957 returned to Washington to serve with Douglas Dillon, then Ike's Deputy Under Secretary of State for Economic Affairs...
Thanks to his Princeton contacts, Forrestal landed a job as a salesman with the New York investment banking firm of Dillon, Read. Intense, hard-driving and a glutton for work, he became head of the sales force in three years, eventually company president. On the way up, he engineered deals that were the talk of Wall Street. But one of them furnished his enemies with ammunition to use against him in later years. Forrestal set up a bogus Canadian corporation in order to avoid paying some $100,000 in taxes-not an illegal act, writes Rogow, but not a very...