Word: expanded
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Dates: during 1960-1969
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India, thanks to ever-growing torrents of surplus U.S. food, has been able to concentrate on a prestige-building industrial program instead of making a serious effort to expand agricultural production. Its population is growing far faster than its food supply; with this year's severe drought, India faces its most critical food shortage in two decades. Apart from its domestic problems, India in the past adopted a holier-than-thou attitude toward American efforts to thwart the Communists' grab for South Viet Nam, but clamored for U.S. military help to repel Red China's threat...
...economy does not come from any widespread lack of confidence in the Administration but rather from success itself. There is little slack in the U.S. economy - and an anticipated boost of anywhere from $5 billion to $10 billion in defense spending for Viet Nam next year may well expand it to the limit. Shortages of skilled la bor are showing up in the construction, aviation and shipbuilding industries. As a result, draft boards throughout the country have been ordered to defer specialized defense workers...
What the entrepreneur should do, many millionaires advise, is "launch an enterprise in a market where either nobody is doing anything or the leaders are not very good." As soon as his business begins growing sturdy and prosperous, the owner should either float a stock issue to expand it or sell it out to a bigger company that might be willing to pay generously for a well-established specialty business. With his profits, plus any borrowing he may need, the young entrepreneur can then buy control of a still more promising business...
...fund drive will officially begin this spring with a goal of $11.6 million. A 20-man committee, headed by financier John L. Loeb '24, has already been appointed to head the campaign. Besides supporting construction, the money will be used to establish additional tenured professors, expand the scholarship and fellowship program, and support the School's library...
...bankers commonly has partners on 50 or more corporate boards, also raises capital and sells financial advice to perhaps 100 important companies and has contacts with hundreds of other firms. These bankers know that such companies as Litton Industries, Textron, I. T. & T. and Genesco are so eager to expand that they have set up staffs of their own to search out possible merger mates. They also know that the cigarette manufacturers want to acquire food, beverage or candy firms as a hedge against the cancer scare; last week, for example, P. Lorillard (Kent, Old Gold) bought out San Francisco...