Word: halverson
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Dates: during 1970-1979
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...antagonists; in 1971 the agency charged that Continental was misleading the public when it implied that Wonder bread was something special, in ads that claimed the loaf "helps build strong bodies twelve ways." Now the agency accuses ITT management of nagging Continental to build itself up too rapidly; James Halverson, director of the FTC'S Bureau of Competition, says that "ITT set profit and market goals for ITT Continental that forced the subsidiary to adopt predatory practices." According to the FTC complaint, Continental practiced a classic monopolistic scheme: it would use high profits from areas where competition was weak...
During 1972 and early 1973, Halverson says, 43 wholesale bakers operating 80 plants went out of business in the U.S., and Continental's tactics "contributed substantially" to their downfall. ITT Continental issued a formal denial of the charges, but would say nothing further...
...burst the Watergate dam, has told friends that sermons in suburban Washington's Fourth Presbyterian Church had a powerful impact on his decisions that winter. On the first Sunday of January 1973, McCord, a Methodist who had started attending the church only weeks before, heard the Rev. Richard Halverson, Washington's best-known evangelical preacher, talk about the power of Satan that tempted leaders to play God. The next week, when approached by White House Aide John Caulfield, McCord refused to plead guilty and remain silent...