Word: fairmont
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After intensive, day-long sessions at the Fairmont, the-lenders and the borrowers fanned fraternally across the San Francisco hills to attend a reception given by the city in the famed Palace of the Legion of Honor, a special performance of Poulenc's The Carmelites at the Opera House (see MUSIC), and parties at restaurants and homes...
From all points of the compass and most segments of the political and economic spectrum gathered an international Who's Who of high finance and high office. Through the Fairmont Hotel's marble-pillared lobby trooped old-line cartel capitalists and socialist bureaucrats, Japanese financial shoguns and silk-clad Burmese magnates. From London came financiers whose firms had bankrolled the Industrial Revolution; from Berlin, the brisk businessmen who have built Europe's sturdiest economy from the rubble of war. Fiat's Managing Director Vittorio Valleta flew in from Turin, the A.F.L.-C.I.O.'s George Meany...
Closing the gap of production is not only a huge task but an urgent one. From the first luncheon in the Fairmont's ornate Gold Room, speaker after speaker at the San Francisco conference traced the irresistible upsurge of world population and the revolution of rising expectations that has grown from its hunger for a better life (see The Population Explosion). Even for the massive reservoirs of entrepreneurial brains and money represented on Nob Hill, the immensity of the opportunity often paled beside the complexity of the challenge...
BUSINESSMEN never forget that the chief business of business is business. Whether gathered in small groups in the crowded lobby of the Fairmont Hotel, over cocktails in hotel suites or striding along San Francisco's streets, they found themselves working through the practicability of deals that ringed the globe, rang with the names of every free-world currency...
...almost that same time, Harold Stassen was throwing in the towel on his dump-Nixon fight. Throughout the week, the haggardly smiling Stassen had endured small indignities: he was booed in the Fairmont Hotel; delegates flaunted insulting buttons saying. "stASSen" and "Stassen Stop Harassin'." Stassen could have taken all that if he had been making headway. But even he perceived that he had underestimated Dick Nixon's strength in the Republican Party. At the eleventh hour on Wednesday he went to Eisenhower, said he was giving up, asked permission to second Nixon's nomination that afternoon...