Word: helpful
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Dates: during 1960-1969
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...check business, in effect, was a license to print money. Investing the float, which now bulges to $750 million, gave Amexco experience that would be useful in running other financial services. Clark also saw that the immediate recognition Amexco's name had won from tourists would help sell many more services to them. By last year, his diversification had given Amexco so many sources of income that its revenues soared to more than $1 billion and its profits to $64 million...
...prize was shared by Dr. Ragnar Frisch, 74, of Norway, and Dr. Jan Tinbergen, 66, of The Netherlands. The award was for their joint development in the 1930s of the esoteric but highly influential field of econometrics, which employs mathematical models to analyze an economy, predict its course and help to select policies that will alter its future...
Ragnar Frisch, who is widely regarded as the father of the modern planned economies of Scandinavia, believes that computers will soon help make planning popular in all countries. But he admits that models are far harder to build for rich, complex countries than for simpler economies. "Frisch and I started this work in the 1930s, in the days of the economic depression," says Jan Tinbergen. "We wanted to draw a plan to fight depression causes and keep unemployment under control." In recent years, Tinbergen has devoted all of his time to the problems of underdeveloped countries, where econometrics seems well...
...when we found them." The man most responsible, in Acheson's view, was Harry Truman, "the captain with the mighty heart." Acheson is not blind to his chiefs faults. Truman, he admits, was guided more by feeling than by reason. His most provocative example is Truman's help in founding the state of Israel, a policy that Acheson felt would produce enduring chaos in the Middle East. Elsewhere, he extols the ex-President's judgment, orderliness of mind and ability to make a decision and stick to it. "If he was not a great man," remarks Acheson...
...getting married. But he's said to me that if I marry someone else, I should be really careful about telling him that I've been through this. My friends have said that anyone who would hold it against me would be an incredible hypocrite. But I can't help thinking, who will have...