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...Reserve raised the discount rate a fortnight ago, the Administration used its well-tested jawbone tactics on top Manhattan bankers, who usually set the pattern in the national loan market. Treasury Secretary Douglas Dillon telephoned his old friends and, according to Wall Street insiders, Johnson himself got on the horn to some bank chiefs, notably Morgan Guaranty's Henry Clay Alexander. The Administration satisfied itself that the New York bankers would make no immediate increases, partly because their supply of money was well ahead of the loan demand from cash-heavy U.S. corporations. To keep them in that mood...

Author: /time Magazine | Title: The Economy: A Strategic Withdrawal | 12/11/1964 | See Source »

Preserving the Place. Back at the L.BJ. ranch for the Thanksgiving holiday, the President took the wheel of his station wagon and, horn a-honk-ing, led a six-car cavalcade of guests and newsmen through herds of frightened cattle, sheep and horses. With Agriculture Secretary Orville Freeman, he hammed it up for photographers by trying to corral a mournful-looking steer...

Author: /time Magazine | Title: The Presidency: All Around the Park | 11/27/1964 | See Source »

Einstein's prediction is also known as the gravitational red shift. This shift (the observed frequency changes in light waves) is similar to the Doppler effect for sound waves: the frequency of vibration of a light source moving toward an observer seems to increase just as the horn of an onrushing train apparently rises in pitch. To test this principle, Pound set up a source of radiation at the top of a 75-foot shaft in the Jefferson Physical Laboratory. At the bottom of the shaft was an absorber...

Author: NO WRITER ATTRIBUTED | Title: New Pound Data Verifies Einstein | 11/3/1964 | See Source »

...many U.S. companies, the annual stockholders' meeting in recent years has become a raucous cross between a stage show and a shouting match. Profanity and horn honking disrupted Communications Satellite Corp.'s session last month. President Darryl F. Zanuck had to outshout hecklers-one of whom came dressed as Cleopatra-at the 20th Century-Fox Films meeting, and shareowners peppered management of the A. & P. with a talkathon that included a suggestion that it make cottage cheese easier to find in its stores. Usually armed with a little bit of stock and a lot of cheek, professional scolds...

Author: /time Magazine | Title: Management: With a Little Stock And a Lot of Cheek | 10/30/1964 | See Source »

...turned nasty as dark-green police vans rolled up to a side entrance. When police tried to herd their prisoners into the vans, someone shouted, "Don't let them!" and the riot was on. The scuffle, brief but bloody, finally ended when a P.A.T. lawyer borrowed a bull horn from the police and calmed down his followers...

Author: /time Magazine | Title: Public Schools: Battle of the Moms | 10/16/1964 | See Source »

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