Word: etting
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Dates: during 1960-1969
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Last week, to celebrate the 70th anniversary of Rerum Novarum, Pope John XXIII issued his own social encyclical, a message firmly oriented toward the new problems of the mid-20th century. Titled Mater et Magistra (Mother and Teacher) and addressed broadly to "all Christians," it is 25,000 words long-probably the longest encyclical in history-and ranges farther and wider than either of its two predecessors. It is also more polished; John and his advisers have been tinkering with it for many months, and its publication was reportedly delayed several times for last-minute changes...
...Mater et Magistra takes careful measure of the massive power that science and technology have given the state to raise living standards and increase social welfare. It also warns the state of the danger this power carries to restrict the freedom of the individual. The state must therefore be careful to protect "the right that individual persons possess of being always primarily responsible for their own upkeep and that of their own family, which implies that in the economic systems the free development of productive activities should be permitted and facilitated...
...since New York Stock Exchange President Richard Whitney was packed off to jail in the 1930s had Wall Street come under such withering scrutiny. It was bad enough that the SEC was probing the American Stock Exchange after a series of scandals (TIME, May 5 et seq.), even more disturbing that SEC investigators were working overtime on more cases of market fraud and manipulation than ever before. But last week SEC Chairman William L. Gary suggested that the whole barrel of apples had better be tumbled out and examined. Testifying before a House subcommittee, Gary urged a full-dress investigation...
Virtually every one of its models is a sales disappointment to Chrysler-a fact that Chairman Lester Lum Colbert blames chiefly on bad publicity resulting from stockholder dissension and the conflict-of-interest scandals (TIME. July 11 et seq.). Once-mighty Plymouth has skidded from 4.9% to 3.3% of the market, and the European-styled Valiant has not made up the difference, rising only from 2%_ to 2.1% despite a $100 price cut. Valiant's new and costlier twin, the compact Dodge Lancer, got only a discouraging 1.2% of the market, and the middle-priced Dodge Dart, newly styled...
Still, it was an interesting afternoon. Among Classes present at the game-of-sorts were 1901, 1911, 1924, 1926, 1931, 1936, 1941, 1946, 1955 and 1958. The men of '46 staged an impressive burial procession for the "46 Roman Ashes," and carried signs with inscriptions like, "Et tu, Pusey--20th century Brutus...