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...years since it was founded as a 250 variety store in Lynn, Mass., the W.T. Grant Co. had never failed to ring up an annual profit. Indeed, until recently it had been pursuing a headlong expansion program. But last week Chairman James G. Kendrick confirmed rumors that had been sweeping the industry for months: Grant's profits and progress had both come to a thudding halt. After a grim meeting with Grant's bankers at the chain's new Manhattan headquarters, Kendrick said that the company would report a loss of $175 million for the past year...

Author: /time Magazine | Title: RETAILING: Grants Cuts Back | 1/27/1975 | See Source »

...remaining four White House posts, just one is yet to be filled. James Lynn, 47, Nixon's Secretary of Housing and Urban Development, is soon to replace Roy Ash as director of the Office of Management and Budget. Ron Nessen, 40, has taken over Ron Ziegler's post as press secretary. L. William Seidman, 53, as Assistant to the President for Economic Affairs, succeeds Kenneth Rush. Kenneth Cole has submitted his resignation as executive director of the Domestic Council, but is continuing to serve until a successor is chosen...

Author: /time Magazine | Title: THE ADMINISTRATION: Rocky and Rummy: Getting Organized | 12/30/1974 | See Source »

...Office of Management and Budget. A prickly personality, Ash has won the respect of the President for his diligence, but he is too closely identified with the policies of the Nixon Administration to stay on in that job. He will be replaced, in fact, by another Nixon appointee, James Lynn, 47, Secretary of Housing and Urban Development. Despite his Nixonian background, Lynn has impressed friend and foe alike with his administrative ability and political know-how. OMB will return to its less grandiose role of monitoring the budget flaws...

Author: /time Magazine | Title: THE ADMINISTRATION: Preparing to Tackle the Domestic Front | 12/9/1974 | See Source »

...tingling compendium of great train rides, past and present. Some that Frimbo describes, like a Washington-Mexico City-San Diego odyssey aboard the privately owned Pennsylvania, are for the chosen few. Other trains that he recalls, now "annulled forever, the tracks torn up." include the old Boston, Revere Beach & Lynn, India's His Highness the Nizam's Guaranteed State Railway, and that sans pareil the London-Edinburgh Flying Scotsman, now privately owned by a wealthy English railroad...

Author: /time Magazine | Title: Books: Old School Ties | 12/9/1974 | See Source »

...Lynn Chang, violin, and Richard Kogan, piano, will play Bach and Brahms sonatas and fantasies of Schubert and Paganini...

Author: By Jim Gleick, | Title: Classical | 12/5/1974 | See Source »

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