Word: fonds
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Dates: during 1960-1969
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Last week Federal Reserve Board Chairman William McChesney Martin, using an analogy of which he is fond, likened the economy to an automobile that has merely cut its speed from 90 m.p.h. to 70-still much too fast for safety. "Business at present has a strong inflationary bias," Martin said. If prices keep on shooting up at their 4½%-a-year rate, he added, the Reserve Board may even feel forced to return to a tighter money policy. Commerce Secretary C. R. Smith warned that unchecked inflation could "reduce us to a second-class trading power" by pricing...
...memory book. "Unfortunately," says Curator Robert Vogel, "the Smithsonian can offer nothing but sympathy. The mill has too many owners, and it would take an enormous amount of money to save it." Even old mill hands express little nostalgia at Amoskeag's passing. Mrs. Bertha Halde, 84, has fond memories of her girlhood days as a weaver of gingham, but she says of the destruction plan: "That's progress. The buildings are no good anyway, are they? They...
Beyond Conventions. Merrill Lynch is fond of noting that it imposes on its employees a set of ethics that goes well beyond the requirements of law or the conventions of Wall Street. For example, no employee is allowed to obtain a bank loan by using securities as collateral. Unless he is about to retire, no officer is permitted to become a director of another company. Alone among big brokers, Merrill Lynch has refused to promote the sale of mutual-fund shares, reasoning that such dealings could lead to a conflict of interest in serving its big and little customers...
...important for ghetto children to understand and respect the police, it is just as essential that we whom adults are fond of calling "leaders of tomorrow" also gain insight into the fact that policemen are human beings. I think I get the message...
...airplane -as he did last month when he popped across the Atlantic to pick up an honorary degree from Harvard. Much of his inspiration comes from music. "Right now I'm in a Bach mood," he reports. "Tomorrow it could be Stockhausen. I'm very fond of the Beatles, too." Then, after the first spontaneous burst of creation, come the months-and sometimes years-of revision. "A line," says Miró, "has to breathe. If it doesn't, it's dead, and if you see a corpse, you smell...