Word: itt
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...With absorbing interest and deepening wonder, I read your story of ITT [May 1]. It left me with a creeping sensation of fear. What dedication to the almighty dollar! What price success? What monsters possess us? I can now better appreciate the revolt of young people against the Establishment...
...city bloomed with pride to host a national political convention. The 1968 debacle in Chicago changed all that. San Diego never wanted the Republicans this year in the first place. At the news last week that the G.O.P., faced with myriad logistical problems and the taint of the ITT brouhaha, was joining the Democrats in Miami Beach this summer, San Diego's mayor, police chief and a number of other city notables happily gathered "to toast the convention out of town...
...Australia, too, the welcome mat is being pulled back a bit. Nationalist suspicion was brought to a head when ITT, internationally somewhat notorious because of its political troubles at home, tried to buy Frozen Foods Industries of Australia Ltd. The Australian Cabinet last week hurriedly decided in principle to restrict foreign takeovers, though formal rules are unlikely to be framed for months...
...respect, the 500 demonstrated a pointed kind of efficiency: they sliced employment by 2%, to 14.3 million, while increasing sales. As a result, their average sales per employee rose 10%, to $35,166. G.M., Ford and ITT, the three biggest employers, all added to their payrolls. But General Electric, the fourth largest, chopped its work force 8.5%, letting 33,600 people...
With Graham compounding their already complex problems, such as local fund raising, hotel space and the shadow of the ITT affair, the Republicans reluctantly abandoned San Diego, Richard Nixon's "lucky city" and sentimental first choice. The logical alternative seemed to be Miami Beach, where the Democrats will caucus beginning July 10. An immediate problem was a Buick dealers' convention, slated for the August slot the Republicans were loath to change. Buick quickly agreed to move, and will likely end up in San Diego, where the prevailing joke round town is: Wouldn't you really rather have...