Word: majority
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Dates: during 1960-1969
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...manner of Janis Paige in the old Broadway smash, Pajama Game, U.S. bankers are lamenting the discovery that a 71% interest rate "doesn't mean a helluva lot." Pinched for lendable funds by Washington's fight against inflation, the nation's major banks last week raised the cost of borrowing to that level-the fourth rise in little more than three months. The prime rate, the interest that banks charge their best corporate customers, went up a full i% from the 7% rate set only last January. Although the new rate was a historic peak, neither businessmen...
Last week Riklis, 45, completed a major step in that direction. In a somewhat serpentine financial maneuver, Riklis last December had Rapid-American Corp., the keystone of his corporate complex, make a friendly tender offer designed to strengthen his holding in Glen Alden Corp. Glen Alden is a onetime coal company that Riklis has been using for acquisitions in such areas as Playtex underwear, B.V.D. shorts and, most recently, Schenley Industries. The company had been under the rather tenuous control (14%) of McCrory Corp., a retailing outfit that is 51%-owned by Rapid-American. Thus, by exchanging Rapid securities worth...
With a Soviet SST and the Anglo-French Concorde already being successfully test-flown, what has delayed the American SST? Two years ago, the U.S. made the decision to build an SST. Later, Boeing, the contract winner, encountered major design problems: its radical swing-wing concept was an economic disaster. The engineers went back to their drawing boards and last fall came up with another SST, this time a fixed delta-wing titanium plane capable of cruising at a speed of 1,800 m.p.h. while carrying more than 250 passengers 4,000 miles...
...works of Franz Kafka have been translated into every major language-except that of cinema. Orson Welles' film version of The Trial failed to crack the surface of bureaucratic terror and reveal the author's psychological insights. German Director Rudolf Noelte's adaptation of The Castle, Kafka's last, incomplete parable, fares little better...
Richard Burton and Clint Eastwood appear as the kind of super soldiers who could have won World War II during a weekend pass. Major Burton is head of a British mission behind enemy lines; Lieut. Eastwood is his Yank second-in-command. Their assignment is to rescue an American general who has got himself imprisoned in a German army fortress high in the Alps. There are two inevitable complications: 1) a dirty turncoat is methodically bumping off the members of the mission, and 2) one of those guys in uniform turns out to be a girl (Mary...