Word: first
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Dates: during 1940-1949
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Before any real and lasting benefits for humans can be realized in this field, Krieg warns, man must first enlarge the horizons of his knowledge of the brain itself, until he knows exactly what part each tiny area plays in motor activity or sensory perception. After that, some of the great possibilities might become a reality for the lame, the deaf and the blind...
When the five Securities & Exchange Commissioners picked a chairman last week, they surprised and cheered Wall Street. Their choice: Harry A. McDonald, 55, the first Republican boss of SEC since it was set up in 1934. SEC's three Democratic commissioners voted for McDonald to succeed Edmond Hanrahan, who resigned as SEC chairman last month (TIME, Oct. 24). Although the White House was mum, President Truman apparently approved also...
...since 1947, burly, good-natured Harry McDonald has plugged hard & long for a wider understanding of the securities markets by the public, has a wide understanding himself. He worked his way through the University of Chicago, but after two years in law school, dropped out in favor of selling-first ice cream, then securities. Later, he started Detroit's H. A. McDonald Creamery Co., built it into one of Michigan's biggest dairies. He branched out into investment banking, became a partner in Detroit's McDonald-Moore & Co. (a connection he severed when he joined SEC). Still...
Under aging Wonder Boy Dart, now 42, Rexall's earnings slipped from $4,048,403 in 1946 to $1,415,869 last year. For the first nine months of this year, Rexall reported a loss of $1,167,125. For the full year, Dart estimated last week, the loss would be cut, though it would still be around $500,000. Said Dart: "We knew that trouble was coming-but we didn't realize it would hit us so fast...
...decided to carry on the business. For three years he worked on the job with his employees, learning to be a carpenter ("That's what a builder really is"). At night he went back to the office to study bookkeeping and estimating. In 1930 he got his first chance-the Philadelphia Board of Education's $2,100,000 Administration Building. "It looked a lot bigger to me," says McShain, "than the $83 million Pentagon years later...