Word: fishbowl
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Dates: during 1950-1959
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M.I.T. helped put an end to all that. Despite howls from the financial world, it opened its books and portfolio of stocks to the public, setting the pattern for the "fishbowl" policy under which the whole fund industry now operates. Instead of fighting New Deal legislation aimed at regulating investment-company practices, it recognized the need for regulation, helped the New Deal frame the laws. So similar were M.I.T.'s bylaws to the Investment Company Act of 1940, which laid the ground rules for the funds, that M.I.T. had to change only a few commas...
Chance & Confidence. For the next two years, the seven will alternate between cosmic-secret isolation and fishbowl visibility.*Operating from Langley Research Center at Hampton, Va., the Astronauts will work along with the engineers-as experimental test pilots always do. Each man will help design one component of the space capsule: communications system, propulsion, instrumentation, etc. To toughen up for the physical trials and psychological terrors of space, they will spend hours in low-pressure chambers, wind tunnels, human cocktail shakers; they will be jolted on supersonic rocket sleds, flown in balloons and supersonic aircraft and eventually test-rocketed...
...reliable stars, and laid on a couple of new ones. CBS's veteran Walter Cronkite. working his familiar anchor spot, gave the most informed, alert and consistently lucid commentary, held up best under the week's strain. His biggest coup: getting Ave Harriman inside the fishbowl to exchange blessings with Estes Kefauver on a split-screen hookup (denounced as "electronic fakery" by rival ABC). CBS's seasoned twosome of Ed Murrow and Eric Severeid was seen only fleetingly, bantering the big picture with the casualness of network executives at a ball game...
...according to N.P.A., Creole also: ¶ Pays top wages. Common laborers earn $6 a day, foremen $13, plus so many fringe benefits, e.g., Sunday pay, year-end bonuses, housing, schooling, hospital care and cheap commissary supplies, that real wages are nearly triple normal wages. ¶ "Lives in a fishbowl." Example: in response to Venezuelan suspicions that Creole might be selling oil cheap to Jersey's refining and marketing organizations, deliberately cutting its profits and therefore the government's oil income, Creole initiated clarifying discussions between the government and those companies. ¶ Gives preference to Venezuelans in employment. Nine...
Last week another cinema palace joined the movement against "stifling taxation " Lee J. Hofheimer and Albert L. Sugarman, owners of the Little Theater in Columbus, Ohio, held a "Free Night": donations were tossed into a fishbowl in the lobby. Result: a good income, a rise in candy and popcorn sales, a full house...