Word: excessive
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Chancellor's successor, said USIA director Leonard Marks, will be from the same bracket-"someone who has been earning in excess of $75,000 in broadcasting and is an outstanding newsman known throughout the nation." Marks's coyness produced inevitable speculation that he might mean CBS's Eric Sevareid or Charles Collingwood, NBC's Nancy Dickerson or ABC's Howard K. Smith. Likeliest choice, however, is John Charles Daly, 53, onetime ABC vice president for news and currently the suave moderator of CBS's What's My Line...
...demand for long-term credit," said Vice President Tilford C. Gaines of the First National Bank of Chicago, "is running well in excess of the available supply of money." As a result, despite Federal Reserve pressure to keep borrowing costs low enough to stimulate the economy, interest rates on corporate and municipal bonds have climbed back to a point close to their 1966 peak. As the money pinch began easing late last year, yields of Aa-rated corporate bonds dropped from September's 6.35% zenith to a low of 5.20% by the end of January. By last week...
...company hopes that it can eventually catch up with its orders. Then perhaps Chairman Josiah Wedgwood, 67, the great-great-great-grandson of the founder, will not be forced to apologize to customers "who have had to suffer the long and vexatious delays owing to orders running in excess of productive capacity...
...statement that "Greece today has not retained much of its ancient legacy of moderation and temperance" reveals ignorance. Scholars have long taken pains to show the absurdity of this view of 5th century Athens. "The most civilized society that has ever existed," wrote "Nothing in Excess" into its marble because it needed the reminder. It was prone to extremes because it cared. Like today's Greeks, 5th century Athenians were intelligent, thoughtful and energetic, so they were concerned, argumentative and politically active. Like George III, TIME has been viewing these people as a rabble, a mob; their political demonstrations...
...Opus Dei, the vows for lay members are somewhat less strict than for priests. Whether or not they have taken the vows, members may own their own cars and homes and salt away enough money to protect themselves from financial ruin, but they are expected to turn over all "excess" income to the organization. They may marry and have children ("Chastity does not mean celibacy"), but they must remain faithful to the "spirit" of chastity. Single members, moreover, must agree to go anywhere that Opus Dei sends them, and all must follow the guidance of their religious counselor...