Word: economist
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Dates: during 1950-1959
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...PUBLIC. No previous postwar steel shutdown has been met with such public apathy. But there are warnings that may soon jolt that apathy. Said Chief Economist Beryl W. Sprinkel of Chicago's Harris Trust & Savings Bank: "By Oct. 1, the strike will be a significant depressant on business. If both sides do not reach an accord by then, the Government will have to step in." Last week the Administration repeated that it had no intention of stepping in. The strongest public pressure for a settlement came from 100 steelworkers' wives who, with a bow to the women...
Died. Thomas Sivewright Catto, Lord Catto of Cairncatto, 80, who as governor (1944-49) of the Bank of England presided over its transition from a private to a nationalized institution, for years worked in such close collaboration with famed Economist Lord Keynes that the two were dubbed Lords Catto and Doggo; in Holmbury Saint Mary, England...
Suffocation. Colorado-born Economist Mather was 39 when he took over in 1954 -the nation's youngest land-grant college president. What he got for the honor was a stepchild institution, utterly straitjacketed by the state's frugal division of personnel and standardization, which controlled teachers and salaries by the same procedures applied to road building. The setup was so suffocating that Phi Beta Kappa refused to charter a Massachusetts University chapter...
...bordered on abuse of press freedom, Britain's editors could point with some justice to the public behavior of Adenauer and De Gaulle. Recalling the radio speech in which Adenauer charged that Fleet Street was being manipulated by anti-German "wire pullers" (TIME, April 20), London's Economist declared: "Dr. Adenauer has chosen to make a political issue of the gnat bites of individual British critics, and to make use of them in opposing British policies." Along with the Economist, most Britons professed to find it hard to understand why the French and Germans should get so worked...
...purchase of Avon was one more signpost along the new path that the Hearst empire has followed since the death of William Randolph Hearst in 1951. In constructing his corporate cat's cradle, Hearst paid so little attention to the ledger that in 1940 an economist, wading through Hearst's 94 separate corporations, discovered outstanding debts of $126 million. What Hearst was after was possessions, power and journalistic influence. His successors, a 13-man board of trustees headed by hard-eyed Richard E. Berlin, 65, a onetime Hearst ad salesman, prefer, where possible, to take a profit...