Word: fear
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Dates: during 1960-1969
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...politician today. While looking all over the land for peoples to be saved-blacks, Puerto Ricans, the poor, Mexicans, Eskimos-Mr. Kennedy and his associates, when confronted with the opportunity of saving a single but real human life, failed miserably to take any action. They were paralyzed by "grief, fear, doubt, exhaustion, panic, confusion and shock...
...among investors who are old enough to remember the 1929 crash and the Depression. A 49-year-old Akron trucking executive has lost only $1,000 on a $20,000 investment in four blue chips-U.S. Steel, Ohio Edison, Goodyear and Standard Oil (Ohio). "But I had a fear of the market from the start," he says. "So do most people who saw their families struggle through the Depression. Now I feel like digging a hole in the backyard and burying the dough...
There is little such fear on the part of younger people. They are members of the confident generation, which has known only good times. Many investors are heeding brokers' advice to hold on and ride out the difficult period. "Hell, I've got no choice," says an Akron rubber-company executive who early this year sold all his previous holdings and put the proceeds into Nuclear Corporation of America at 5 and Aero-Flow Dynamics at 14. Last week Nuclear sold as low as 41 and Aero-Flow dipped under 12. Says the executive...
...driving pace at the SEC. In May he appointed James J. Needham to fill a vacancy on the commission. Needham, who for twelve years headed the New York office of a North Carolina-based accounting firm, is a complete unknown in the securities industry. SEC staff members fear that he may need lengthy on-the-job training from Judge Budge and others...
Management also has endless trouble with most of the 17 unions that represent 6,500 employees. M.T.A. officials feel that the old private owners of the L.I.R.R. allowed the unions to run the railroad and perpetuate featherbedding. Union men fear that the M.T.A. intends to eliminate jobs. A legacy of labor-management bitterness has been left by a slowdown last summer in the Dunton car-repair shop, which has never returned to its old operating pace, and a week of wildcat strikes and slowdowns that greeted the introduction of a new timetable last fall. One commuter recently phoned for train...