Word: firm
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Dates: during 1960-1969
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JAMES THOMSON, 61, who never sold a share of stock but is now president of the world's largest brokerage firm and has massive economic responsibility. See the cover story in U. S. BUSINESS...
...Victor Paz Estenssoro two years ago, was inaugurated as Bolivia's 47th President. With massive support from the country's long-neglected campesinos, Barrientos' motley coalition party of leftists and rightists swept into power with 100 of Congress' 129 seats, promising more of the same firm, reform-minded government that began with Barrientos' military junta. In his inaugural speech, Barrientos assigned top priority to creating 10,000 new jobs in private fields; building scores of new schools and hospitals and at least 15,000 new homes a year; and stepping up agricultural production...
...Marden's view, it will all be to the good. Himself a senior partner in White & Case, a prestigious Wall Street firm, Marden has long been a leader of the legal-aid movement. The poor, he thinks, "are more apt to become good citizens, more apt to observe the law, and to regard the law as their friend rather than their enemy," once they discover that "the law protects them to the same extent that it protects the wealthiest person in the land...
...Moreover, 31 steel companies have asked the European Coal and Steel Community for permission to form themselves into four competing cartels that would provide joint marketing services, coordinate investment and give specialized roles to different factories. The Community is expected to approve reluctantly in a few months with some firm conditions, one being that the cartels last for a limited time...
...modern and set up near seaports, can undersell the old inland German mills, imprisoned atop their own uneconomic mines. With four new coastal plants opened by Italy's government-owned Finsider, Italian production increased 26% from 1964 to 1965, and is up another 8.3% this year. The Dutch firm of Hoogovens, partly situated at Europoort, where 80,000-ton ore ships can come calling, is expanding output from 2,800,000 to 4,000,000 tons annually...