Word: funding
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Dates: during 1960-1969
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...suburban San Mateo, Calif., Mrs. Charles Black is known as a busy housewife, civic worker and Republican fund raiser. To the rest of the world, of course, she will always be Shirley Temple, and when she cast her bonnet into the political ring last week there were the inevitable cracks about the curly-haired moppet boop-a-dooping into the U.S. Congress to the tune of On the Good Ship Lollipop. In fact, as the candidate said in no uncertain terms, "Little Shirley Temple is not running. Make it, Shirley Temple Black, Republican independent...
Much of ITT's growth has come from Geneen's success in playing the merger game. In all, the skipper of the Genie IV has reeled in 44 companies, ranging across fields as diverse as auto rentals, mutual-fund management and airport parking. The biggest catch of all-ITT's proposed merger with American Broadcasting Cos.-has so far eluded...
...revamp the free world's overworked, undercapitalized monetary system. Basically, the plan would create artificial reserves to supplement gold, the dollar and the pound. Known as SDRs (for "special drawing rights"), they are, in effect, little more than bookkeeping entries supported by the prestige of the International Monetary Fund. Members of IMF must agree to pledge their reserves to back up the SDRs, but they will not actually make additional contributions...
Squeeze & Scare. By fairly handy margins, the opposition chipped away with one amendment after another. One proposed by Indiana's Ross Adair cut $72 million from the Alliance for Progress. Alabama's John Buchanan easily trimmed $25 million from the contingency fund, which is used to meet unforeseen emergencies. House Armed Services Committee Chairman Mendel Rivers successfully moved to pare $60 million from military-assistance funds. An amendment sponsored by Illinois' Paul Findley bumped Poland from its cherished status as a favored nation in trade matters...
...will personally meet at the bargaining table to pound out a pattern for the rest of the industry. The probable choice is G.M., which has not had the dubious distinction since 1945. As for the distance G.M. might have to go, the U.A.W.'s brimful $67 million strike fund can last for nine weeks...