Word: losers
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Dates: during 1960-1969
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...actively to seek merger with a bigger company. He thus not only gives himself a chance for capital gains in his lifetime but averts a possible sacrifice sale in case of his death. Profit-making companies also look on the tax losses on the books of a money loser as a big inducement to merge, since the loss can be used at the Internal Revenue Service desk to offset the taxes on their own profits...
...first seeing TIME'S cover picture of Senator Lyndon Johnson, I thought it in good taste to thus pay tribute to a good loser. A few hours later, Johnson's V.P. nomination made it appear that TIME must use a crystal ball to decide such matters. This brought home to me the dilemma that must face the editor in choosing the cover picture for an edition that must roll off the press before the nomination and reach the newsstands after the choice has been made. Senator Johnson's cover picture uniquely demonstrates TIME'S ability...
...Prime Minister Harold Macmillan went off to the summit. British voters gave him an unmistakable vote of confidence. In local elections for borough offices throughout England and Wales, his Conservative Party rolled up a gain of 426 seats (out of 3.519 at stake). The Liberals gained 51 seats. Big loser: Labor, whose net loss of 460 seats reflected the policy quarrels that have racked the party since its third straight defeat by the Tories in last October's general elections...
...delegation for at least the first ballot. ¶ Oklahoma's stormy Democratic convention unseated Kennedy-suoporting Governor J. Howard Edmondson. 34, as a national-convention delegate, steamrollered on to choose a 29-vote delegation bound to Lyndon Johnson by unit rule and prepared to settle for Symington. Edmondson, loser in an intraparty fight last February with State Chairman Gene McGill, barely got back his convention seat at week's end as delegate-at-large...
...opinion poured its torrents on Governor Brown, two attorneys for Chessman made two final appeals for clemency to the State Supreme Court. The court turned them down, 4-3. Under California's law, the Governor may not issue a pardon or commutation of sentence for a two-time loser like Chessman over an adverse Supreme Court decision-but he can still give a reprieve. At the same time, California precedent holds that Pat Brown, had he wanted to grant clemency, could properly have so notified the court and probably swayed its decision...