Word: inlanders
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...would be difficult to justify." Boston Banker Richard Chapman thought that "it's wrong to raise doubts about the fiscal sanity of the country and the soundness of the dollar." Besides, the cheering fact is that the economy looks a bit brighter than a few weeks ago. Said Inland Steel's Chairman Joseph Block: "We are not in any economic crisis which might favor the Government's busting right in with a quick across-the-board tax cut." Some key barometers of business released last week-industrial production, housing starts, retail sales, new orders-showed small rises...
...Jour's breezy programs, reaching 200 miles inland, were an instant success. Advertisers flocked to buy time at $40 for 60-second spots. Listeners tuned in to tap their feet to U.S. jazz and rock 'n' roll. The embarrassed government threatened to confiscate the ship if it sailed into Swedish waters, predicted that Swedes would get bored with Radio Nord once the novelty wore away. This month, after the station had picked up an estimated 2,600,000 listeners, the government finally cracked down...
...steelmen are far from convinced that the pickup signals quick and complete recovery. Inland Steel Co. Chairman Joseph L. Block could muster only "mild optimism." Said E. J. Hanley, president of Allegheny Ludlum Steel Corp.: "I don't feel quite so bad as I did a few weeks ago. But anything will be better than July." One steel executive, noting the common prediction that U.S. mills will pour about 100 million tons this year, commented: "That isn't bad−if you don't mind standing still...
...held by Vice Premier ben Bella, whom his enthusiastic followers compare to the Congo's late rabble-rousing hero, Patrice Lumumba. In a desperate attempt to heal the split between the two factions, the military commanders of the six wilayas (zones) of Algeria met last week at the inland city of Orléansville, interrupting their talks only to take soundings in Algiers and Tlemcen. They finally proposed a six-man politburo, with three members from each, side, which would be empowered to prepare a slate of candidates for a Congress to be elected by the Algerian people...
...Vanderbilt and J. P. Morgan through such recent victims as U.S. Steel's Roger Blough, many big businessmen have shown at crucial moments a surprising inability to influence-or even to gauge-the public mind. Last week another businessman, Clarence Randall, 71, retired chairman of Chicago's Inland Steel Co., offered his own explanation. Wrote Randall in the New York Times Magazine: "Responsibility breeds isolation . . . After an executive reaches the very top, he is seldom seen in public and seldom heard. He becomes a myth." The result is "that when the great storm comes, as it does sooner...