Word: floating
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...political strings attached and solely for economic recovery, are rejected by the Congress, should liberals nevertheless' support E.R.P? We say no. If the Committee to Save the Marshall Plan says yes, then we believe it is taking an ineffective political stand. This position assumes that it is best to float with the stream, ever hopeful that things won't be too bad. If the Committee to Save the Marshall Plan admits that they will accept E.R.P. even without the basic changes, then the reactionaries will inevitably realize that the proposal amendments needn't be taken seriously. Thus...
Motormaker Henry Kaiser and Moneyman Cyrus S. Eaton of Cleveland's Otis & Co. were a smooth-working financial team. The two friends had floated two issues of Kaiser-Frazer stock, and when K-F needed steel, Eaton had set up a steel company to supply some of it. When K-F decided to float a third stock issue to raise capital for expansion (TIME, Feb. 16), it was Otis & Co. which headed the underwriting syndicate. Last week, Friend Cyrus performed another service for Friend Henry. He gave him a dazzling lesson in high finance that broke...
Threes & Eights. When Barbara Ann skates, she seems to float on ice. She turns effortlessly and unexpectedly-only clever performers can manage that-and never has to push to get up momentum for an eight or a loop-change-loop. She always seems to be enjoying herself, and as a result people always enjoy watching her. She has equilibrium, charm and style. A U.S. skating judge, who likes to define the quality of a skater in one word ("push" is his word for Sonja), puzzled over Barbara Ann a while, then described her quality as "femininity...
...Benedum-Trees skyscraper, came word of a still newer Benedum venture. His recently formed Melben Oil Co., which had spent $1,000,000 exploring for oil along Texas' coast, leased 120,480 acres of tideland area from Texas for $1,383,467. From a specially equipped $500,000 float, Mike Benedum will soon start drilling under the Gulf of Mexico...
...into effect, argued Wallace members Richard Reichard 3G and An Kubie, Radcliffe '50, the European Recovery Plan would float large loans encouraging European capitalism, and, in addition, tend to make satellites of some countries in the event of another...