Word: foundering
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Dates: during 1960-1969
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...Donald Brennan, a founder and former president of the Hudson Institute, a private research center, argues that even a flawed defense "makes an attack much more complicated and would tend to argue against anyone making one." He disagrees with the contention that it is cheaper and easier for the offense to stay ahead of the defense. Defensive technology has reached the point, Brennan maintains, where it requires equal effort for the offense to keep pace. To this, Simon Ramo, vice chairman of the billion-dollar-a-year TRW electronics company, replies that with "one-tenth of the budget...
...Style. Even Freud's daughter Anna, 73, the founder and director of the Hampstead Child Therapy Clinic in London and one of his school's most progressive heirs, sadly acknowledges that psychoanalysis seems to be going out of style. "Young people now are not interested in man's struggle against himself, but in man's struggle against society," she said last year in Manhattan. "They see that what psychoanalysis may lead to is adaptation to society. That's the last thing they have in mind...
...Oklahoma-born son of a furniture dealer, Bill Miller graduated from law school at the University of California in Berkeley. He was plucked from a job with a Wall Street law firm in 1956 by Textron's flamboyant founder, Royal Little. When Little retired four years later, Miller stepped into the presidency under Chairman Rupert Thompson, 63, an imaginative ex-banker. Thompson, a major stockholder, built Textron into New England's second largest company (after United Aircraft) before he turned over his chief executive's title to Miller a year...
...shortly after Ayub had won a second presidential term in a surprisingly close election that pitted him against Fatima Jinnah-the sister of Pakistan's founder, Mohammed AH Jinnah-he began running into problems. Pakistan's small educated elite, shut out from power, began to turn against him, criticizing his arrogance and intolerance as well as his reluctance to delegate authority. There were increasingly bitter allegations of corruption, centering on his eldest son Gohar Ayub, who had risen from army captain to millionaire in six years. Ayub's reaction to all complaints was to impose tighter curbs...
...months ago, Founder Enos and his partner, Robert Mauser, sold Coot, Inc. for just over $1,000,000 to Randtron, a new manufacturing conglomerate headquartered near San Francisco; Mauser and Enos stay on as president and vice president of the subsidiary. With 254 dealers throughout the U.S., and volume projected at $5,500,000, the company should show its first profit this year. "Off-the-road vehicles," says Mauser, "serve the purpose for which people used to keep horses: to be able to go off alone where automobiles cannot go. But you can keep the Coot in the garage...