Word: expander
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Dates: during 1960-1969
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...last week, unless more lawyers are willing to represent criminal defendants. Addressing Boston University's graduating law class, he called on law schools to stop pointing students "at the two admired goals of Wall Street law practice and clerkships to appellate judges." He urged that the schools instead expand their criminal courses and Legal Aid activities to give "students at least a smell of real criminal court work...
Holding the Bags. Privately owned Deak & Co. issues no earnings reports. But Nick Deak happily admits that he has more than made good his boast to a wartime OSS comrade that he would open a small foreign-currency exchange, steadily expand and become a millionaire. His route to riches was, and is, tricky. Dealing in all currencies except four that are proscribed by the U.S. Government (Cuban pesos, Red Chinese yuan, North Korean won and North Vietnamese dongh), Deak always risks being caught with funny money. But he rarely loses...
...France and Spain,, Chrysler Corp. bought a $34 million take in the British market by acquiring 30% of the stock of Rootes Motors Ltd., manufacturer of Humber, Hillman, Sunbeam and Singer cars. Last month Ford announced that it would spend $400 million over the next three years to expand and modernize its European plants, and General Motors is planning to invest $600 million in Europe over the next two years...
Stones Under the Sea. Producers have lately begun to increase their output, but only slightly. Black Africa is making its first major effort to expand its mining and marketing; mines in Sierra Leone and Liberia have increased production. For the first time in 56 years, De Beers has reopened its big Old De Beers mine, using modern equipment to extract stones that once were thought uneconomic to mine. It has also helped to bankroll a Texan named Sammy Collins (TIME, Nov. 9, 1962), who is digging diamonds from under the sea off the coast of southwest Africa. But no dealer...
...Roger Schulz, 44, to be boss. A director of the Banque de Paris et des Pays-Bas, rugged and athletic Schulz has specialized in reviving comatose companies. Bull, the Continent's largest computer maker (1962 sales: $69 million) was gored by IBM and others when it tried to expand its line of small computers by building bigger models. The previous president, Joseph Callies, left under pressure after the French government vetoed his plan to get cash from General Electric and make it a major partner. Though the government opposes U.S. "takeovers" of French companies, it has been unable...