Word: ince
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Dates: during 1960-1969
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...community," says Moynihan. "Business has no commitments to fulfill, no hang-ups, no previous directions or declarations to defend." Some experts are concerned that the nation may expect the Corporate Establishment to provide panaceas for problems beyond its grasp. "Businessmen cannot do it all by themselves," warns Time Inc. Chairman Andrew Heiskell, co-chairman of the Urban Coalition, a combine of leaders in business, labor, civil rights, churches and city governments set up to attack the urban mess on a city-by-city basis. "We've got to advance on all fronts, from fair housing laws to model cities...
...long-neglected urban problems comes, the cost will be staggering. Alcoa Chairman Frederick J. Close last week ventured a price tag of $100 billion to clean U.S. skies and rivers, rebuild cities, unsnarl traffic, educate the young and re-educate the old. Vice Chairman Simon Ramo of TRW Inc. puts the cost ten times higher, or $1 trillion...
Contrite Candor. Mentioned in another AID scandal was Max M. Kampelman, 47, a Washington lawyer who served as Humphrey's legislative assistant for six years and is still regarded as a close political confidant of the Vice President's. Representing a Minneapolis company called Napco Industries Inc., Kampelman signed a $2,300,000 loan agreement with AID in 1962 to send auto-parts plant equipment to New Delhi. Napco failed to deliver, and the Justice Department recently filed suit to collect...
Brokers have been offering market courses for years, but the number and variety are burgeoning. For the teaching broker, the rewards can be considerable. Firms have found that 35% to 40% of their students sign up for accounts. In Cincinnati, Thomas Shuff of Hayden, Stone Inc., has started an eight-week, non-credit course on investments at the city university. Last week, at the first session, he was pleasantly surprised to find his classroom packed with 200 possible accounts. Even unions, with big pension funds and increasingly affluent members, are eager to learn about the market. Reynolds was recently asked...
Predictably, Wall Street's leading investment educator is its biggest firm, Merrill Lynch, Pierce, Fenner & Smith Inc., whose representatives last year made 6,524 appearances before 215,798 people-a 33% increase over 1966. Audiences range from corporation employees to social-club gatherings. This spring, vacationers aboard Grace Line's Caribbean cruise ships will find a Merrill Lynch lecturer on hand. The firm's representatives work with department stores to give women a combination stock market education and fashion show; one of the gimmicks used is a dress made of material with a stock-certificate pattern...