Word: findings
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Dates: during 1950-1959
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...bars on every car, flameproof coveralls for every driver. Still, two drivers have died in practice runs this month. Says 45-year-old Fred Agabashian, longtime 500 driver who quit racing last year: "You don't reach retirement age in one of those things." Even the toughest drivers find the Indianapolis toughest of all. Johnny Parsons, the 1950 winner, retired this month with the explanation: "When you get down to the end of those straightaways and can't hold your foot down any more, it's time to quit...
...lights, a signature on a contract, a kind review. In the case of a witty Italian golf pro named Guido Panzini, it was a phone call from the U.S. Immigration Service. "We've been watching the Jack Paar Show," an immigration official told NBC. "Where can we find this guy Panzini? We've got no record of his port of entry...
Says M.I.T.'s Robinson: "Within their range, mutual funds can fit the need of almost any investor." They can also find a host of critics. Many critics charge that the funds, along with other institutional buyers, have needled the roaring bull market to artificial highs, that their constant buying, chiefly of blue chips, has helped create the present shortage of stocks. The funds' answer: they hold only 3.4% of all stock on the New York Stock Exchange, and do not hoard it; they turn their shares over faster than the exchange as a whole...
...deposits grew, Lewis helped his bank find better ways to put the money to use. Bankers give him much of the credit for a new New York State banking law passed in 1950 that enabled savings banks to invest part of their assets in stocks. He was the first president of New York's Institutional Investors Mutual Fund, an open-end stock fund for mutual savings banks that now has assets of $46 million. With it all, he was an easy man to work for: friendly, outgoing, a delegator of responsibility who enjoyed calling his staff "my family." Says...
Died. Apsley Cherry-Garrard, 73, polar explorer who accompanied Robert Falcon Scott on his fatal Antarctic expedition in 1911, later described in chilling detail (The Worst Journey in the World) a side trip he and two .companions made to find emperor penguin eggs; in London...