Word: elected
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Dates: during 1960-1969
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From Family Patriarch Joe Kennedy came the word that Jack had divested himself of all personally held stocks and bonds during the last two months. The proceeds (amount undisclosed) were then invested in state, municipal and Government bonds to avoid financial conflict of interest. The President-elect is also the beneficiary of three irrevocable trust funds set up for the Kennedy children in 1926, 1936 and 1949 by their father. The three trust funds produce a net income of about $100,000 after taxes for each of the seven living Kennedy children-from investments in corporate stocks and bonds...
Almost by definition, it is easier to write a budget than to keep it. This week President Eisenhower submitted a delicately balanced budget for fiscal 1962-and left it up to President-elect Kennedy to keep it that way. While calling for history's biggest peacetime expenditures-$80.9 billion, up $2 billion from fiscal '61-Ike's final budget was based on the expectation that the economy will speed up by the time the new fiscal year begins this July 1. That would boost income by some $3.3 billion, to a record $82.3 billion. Result: a surplus...
Still parceling out his appointments, President-elect Kennedy named last week these men to high office...
...theaters and movie houses (he even learned to tolerate Ingmar Bergman), at hunt breakfasts, up and down the Atlantic littoral from Palm Beach to Cape Cod. In June 1953, their engagement was announced. The Bouviers received the news with mixed reactions. Black Jack and his son-in-law-elect hit it off immediately. "They were very much alike," recalls Jackie. "We three had dinner before we were engaged, and they talked about politics and sports and girls-what all red-blooded men like to talk about." But other Bouviers were not so enthusiastic. "She telephoned me to tell...
...Washington parlor game is guessing about when the close-knit Kennedy team will split in a struggle for influence between Top Aide Ted Sorensen's idea men and Patronage Adviser Kenny O'Donnell's professional politicians. According to close students of the Kennedy technique, the President-elect has hitherto managed to keep his staffers happy by dividing his favors between the "professors" and the "Irish Mafia." But he may have less time to soothe and smooth once he gets swamped by White House duties...