Word: fabianism
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...Fabian's first hit was I'm A Man, his biggest was Tiger, and he also sang Turn Me Loose, Hound Dog Man, Friendly World, Got the Feeling...
Restless Entrepreneur Norton Simon has yet to find the all-purpose chief executive for Hunt Foods & Industries. Recently, Simon replaced President Francis Fabian, 52, an operations expert who served him for about two years. Into the gap went William E. McKenna, 48, a smooth-talking senior vice president from Litton Industries with an accounting background and a Harvard Business School degree. Simon makes no bones about the reason for the change: he wants to expand his empire of subsidiaries and affiliates, which already includes McCall Corp., Hunt-Wesson Foods, Inc., Knox Glass Inc., Canada Dry Corp. and Crucible Steel Corp...
Died. Jane Darwell, 86, veteran actress in more than 300 Hollywood films, a strong-featured Missourian who over the years played mother (to Henry Fonda, Humphrey Bogart), grandmother (to Shirley Temple, Fabian) and whatever other home-and-hearth character the plot demanded, most notably Ma Joad in The Grapes of Wrath, which won her a 1940 Oscar, and the Bird Woman in Mary Pop pins; of a heart attack; in Woodland Hills, Calif...
...main point: underdeveloped countries must rapidly industrialize by "conscious planning and state intervention." Balogh frowns on most private foreign investment and advises underdeveloped countries against all "unnecessary investments," such as money spent for the production of more than one basic kind of auto. Though he is a Fabian Socialist, he urges the underdeveloped to be tough with their labor: discourage trade unions and minimum wage laws, he suggests, because they increase production costs and promote the rise of a small privileged class of skilled workers...
Died. Bela Fabian, 77, Hungarian patriot, a leader of Budapest's Jewish community and prewar member of Parliament who survived Auschwitz and then emigrated in 1948 to the U.S., where he spent his years staging bitter protests against the Communists, particularly during the 1956 Hungarian uprising and during Nikita Khrushchev's 1960 U.S. visit, when he led 2,000 marchers with placards reading: "Murderers belong in Sing Sing"; of a heart attack; in San Juan, Puerto Rico...