Word: fortnightlies
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...social security system. Replied he: "I would like to suggest one change, that social security be voluntary." Almost everyone agrees that a voluntary social security system would be actuarially unsound, and Goldwater's remark was certainly a factor in his New Hampshire loss. But in California a fortnight ago, he said flatly that he does not advocate making the system voluntary, and insisted that "anyone who says I am against social security lies...
...shares that it sold a fortnight ago to A.T. & T. and other communications companies, Comsat last week disposed of another 5,000,000 shares to more than 500,000 individual investors-the biggest initial distribution in history. A few customers managed to get 50 shares, but most had to be content with ten or fewer. An IBM computer system printed and registered the entire issue, saving 25,000 man-hours of work. Sales were over the counter, with regular trading on the New York, Midwest and Pacific Coast stock exchanges expected to begin in July. The market held fairly firm...
...odds the most nubile director of a corporation listed on the New York Stock Exchange is Catherine Hohenlohe, 22, debutante daughter of Polish Prince Alexander Hohenlohe-Ingelfingen and the late Manhattan heiress Margaret Schulze Downey. Mother was a working director of Newmont Mining Corp. until her death fortnight ago, and now Catherine has been elected to represent the $5,000,000 worth of Newmont stock held by her mother's estate. Presumably, she'll be getting plenty of mature male advice. But those blue-suited young Wall Streeters had better not apply. She is already engaged to Harvard...
...Governor George Dewey Clyde. The Utah Education Association, the N.E.A. affiliate that represents 98% of the state's public-school teachers, thought it had wrung a concession from Clyde last summer when he named a committee to investigate their demands for more money to run the schools. A fortnight ago, the committee recommended spending $6,000,000 on selective wage increases (average salary: $5,900), hiring new teachers, buying more books and equipment. Clyde rejected the report the day it came out. The U.E.A. at once called a strike-causing one father of four to observe...
...critics "breaker-uppers" and "glorified publicity seekers." Fortnight ago, at the Business Council's meeting in Hot Springs, Va., he deplored increasing regulation of business by Government, and he believes that A.T.&T. could have moved much faster toward creating a large network of Telstars if the Government had only given it permission to go ahead. As it is, the ownership of Comsat Corp.-whose shares were approved for listing two weeks ago by the New York Stock Exchange-will be divided among the public and the nation's communications companies. The size...