Word: ince
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Dates: during 1970-1979
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...long after he finished Harvard Law School, James Draper St. Clair made his reputation as a superbly skilled trial lawyer in a 1954 dispute-over cranberries. His client, Cape Cod Food Products, Inc., sued the National Cranberry Association, now Ocean Spray Cranberries, Inc., charging attempted monopoly. Typically, St. Clair not only immersed himself in the legal issues but also diligently learned everything about cranberries, including how weather and flooding affect them. In court he meticulously demolished the association's case. St. Clair won treble damages of $525,000 for his client and rare praise in court from Judge Charles...
...week appeared to have regressed to the familiar old no war-no peace stalemate. Day after noisy day on the Golan Heights, Syrian and Israeli gunners fought artillery duels. In Jerusalem, Premier Golda Meir hurled a few verbal shells at both Syria and the Palestinians. In interviews with Time Inc. Editor in Chief Hedley Donovan (see box below and on page 40), both Egyptian President Anwar Sadat and Mrs. Meir displayed a measure of perhaps ritualistic truculence...
Premier Golda Meir had looked pale and fatigued as she sat in the Knesset waiting for parliamentary approval of her new government. But she appeared vigorous and rested last week when she and Time Inc.'s Editor in Chief talked in her Jerusalem office. Mrs. Meir joked about the problems of forming a government. But when the conversation turned to the Cabinet's first priority-disengagement with Syria-Israel's 75-year-old leader became markedly more somber. Her views...
...Stocks. The largest of these liquid asset funds, the Reserve Fund Inc., began accepting purchases from the public in October 1972. In the short time since then, it has attracted $138 million from 10,000 accounts (minimum: $1,000 each)-even though it has been promoted by word of mouth among investment counselors, brokers, corporations and bank trust departments. Bruce Bent, vice president and treasurer, says that many people, "punchy from the stock market, are taking their money out and putting it in the fund." Indeed, about a third of the investments have come from brokers who have...
...Reserve Fund's phenomenal growth rate has prompted organization of several similar funds in recent months. Among them are Dreyfus Liquid Assets, Inc.; Anchor Reserve Fund, Inc., which takes investments as small as $100 initially and $25 thereafter; and Money Market Management, Inc., of Pittsburgh. How well they will do at a time when many interest rates have dropped a bit from their 1973 peaks is moot. Donald Pitti, president of Wiesenberger Services Inc., which among other things publishes analyses of mutual-fund investment records, believes that the new funds are "a product of high interest rates...