Word: foreigner
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Dates: during 1960-1969
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Through exchanges of men and ideas, the Weizmann Institute has played an important role in Israel's small but determined foreign-aid program. Such activities may expand when Dr. Albert Sabin, the developer of oral polio vaccine, takes over as president next January. Israel, he told a 25th anniversary banquet in New York last month, is "a pilot plant for the hundreds of millions of people living in ever greater poverty and misery" around the world...
...California conglomerate. I expect a Western version of controlled optimism, with touches of anxiety around the edges. Company men out here are always mentioning "the rising tide of Pacific business," the giant market in Asia barely tapped?"1 out of 18 jobs in the state is linked to foreign trade," one executive says. And the domestic market promises even more. By 1975, personal income in California will have soared to $110 billion! But David Mahoney, young and relaxed at 46, turns out to be 180° from the kind of executives I know back East. He sits behind a modern oval...
...came from casualty, life and property insurance, mostly sold by companies that Amexco had recently acquired. Amexco has become a force in the mutual-fund business. Last year it took over the Commonwealth Group of four funds, and this spring it started two more, including an "offshore" fund for foreigners. The acquisition of W. H. Morton & Co. and Equitable Securities has given Amexco a strong position in stock and bond underwriting. The company is a major factor in international currency transactions. Every working day the American Express International Banking Corp. buys and sells $100 million in foreign currencies for corporations...
...tour business, Clark admits, still earns only enough to pay for the upkeep of the American Express offices abroad. But it has won customers for such other ventures as the teaching of foreign languages and the publication of Travel & Camera magazine, which Amexco established by purchasing and redesigning U.S. Camera and Travel magazine. In June, the company began a computerized service that can provide almost instantaneous reservations at some 250,000 hotel and motel rooms between Boston and Honolulu...
...Perrier desires Genvrain, the largest company in France's inefficient and fragmented dairy industry. The French government heartily approves Perrier's bid, which would both foil any foreign attempt to take over Genvrain and represent a major move toward consolidating France's 3,000 scattered dairy firms. Finance Minister Valéry Giscard d'Estaing indicates as much in a meeting with the publicity-shy strategist of Perrier's expansion, President Gustave Leven. Perrier makes a generous proposal for Genvrain: $56 a share for stock that was selling for $45 on the Bourse. Genvrain would...