Word: funding
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Dates: during 1960-1969
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...suspicions thus raised about Ed Long deepened the gloom of a Senate already embarrassed by the case of Connecticut's Tom Dodd, by the vulgar performance of the other Long, Russell, who stalled legislative proceedings for five weeks over the tax-endowed campaign-fund act, and by the scandal of Adam Clayton Powell on the other side of the Hill...
Consensus in Chaos. So deeply riven are the Democrats that they are even having trouble organizing a party fund-raising dinner scheduled for June 23 in Los Angeles, with Johnson topping the bill and his campaign fund the principal beneficiary. The White House, apparently seeking consensus even in chaos, dispersed responsibility for selling the $1,000-a-couple tickets among 30 cochairmen, honorary chairmen and committeemen of all factions, many of whom are not on speaking terms...
...Which was an upset victory over the preassembly favorite, Dr. William Hudnut of New York City, head of the church's Fifty Million Fund building campaign...
Ford, on the other hand, actively and openly supports 17 symphony orchestras, among numerous other projects, through a company fund. In Los Angeles, amounts ranging from $25,000 to $1,000,000 have been given to the Music Center and County Museum of Art by such companies as Rexall, Northrop, and Pacific Telephone & Telegraph. The Houston Symphony is supported by oil companies, but the gifts have not been Texas-size. Theater Atlanta, in Atlanta, Ga., does not credit business with its broad-base support, but can count on getting about $150,000 from businessmen...
Unconcerned, the Fed's chairman delivered another lecture, this one against speculative trading by institutions. "Increasingly," said Martin, "managers of mutual funds, and portfolio and pension-fund administrators are measuring their success in terms of relatively short-term market performance. In effect, they set a target on a growth stock, attain that target, unload, and then seek other opportunities for quick capital gains." Given the size of their buying power, said Martin, such activity "may virtually corner the market in individual stocks," at the least cause undesirable price fluctuations. "Practices of this nature" said he, "contain poisonous qualities reminiscent...