Word: haplessness
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...Senator, Lehman became best known for his passionate but somehow hapless tirades against the evils of Joe McCarthy. Never did he back away from an issue for purely political purposes. In 1949, on the eve of his first election to the Senate, he risked thousands of votes by denouncing Francis Cardinal Spellman for having criticized Eleanor Roosevelt. Spellman, angered at Mrs. Roosevelt's opposition to public aid to parochial schools, had said her "record of anti-Catholicism" was "unworthy of an American mother...
...hapless victim of the mess is giant American Express Co., whose subsidiary operates the tank farm in which Allied Crude supposedly stored millions of pounds of oil. One of Allied's creditors holds receipts for 161 million Ibs. of oil supposedly in Amexco's 138 tanks -but as of last week Amexco had only been able to find 7,000,000 Ibs. American Express stock plummeted from $60 to $41 a share because stockholders feared that the company's unusual organizational setup might make it liable for the complete loss; Amexco is an unincorporated joint-stock venture...
Both the fencing and basketball squads depart from Cambridge's friendly environs: the fencers to the decidedly inimical atmosphere of the powerful C.C.N.Y. fencing team, and the hoopsters to the amiable surroundings of a weak, almost hapless, Williams quintet...
...Wall Street philosophy of caveat emptor, that every man's losses are his own misfortune, received an important qualification last week. The New York Stock Exchange decided to make good to 20,000 hapless investors the mistake of one of the members of its club. After four feverish days of consultation, Exchange officials and a group of top brokers agreed to set up a $12 million fund to pay back almost immediately the losses suffered by the customers of Ira Haupt & Co., which was suspended from trading after its biggest commodity customer went bankrupt, leaving the firm with debts...
...into difficulties, the futures market in vegetable-oil dropped. DeAngelis' firm was faced with $19 million in margin calls-demands that he pony up enough cash to make up the drop in price of the commodities. Unable to pay, DeAngelis last week took refuge in bankruptcy, leaving his hapless brokers stuck with his immense debt. His action shattered the well-established brokerage firms of Ira Haupt & Co. and J. R. Williston & Beane, triggered a Securities and Exchange Commission investigation and raised once more some serious questions about how Wall Street's professionals conduct their business...