Word: manhattan
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Dates: during 1950-1959
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Herter. The real meaning of the series of high-level meetings, said Herter in a speech to the National Foreign Trade Council in Manhattan, is that a new process of communication between East and West may be developing. "I say 'may' because only time can tell whether we shall have learned to talk somewhat less at cross purposes than in the past, and with better understanding of opposing points of view." Khrushchev, said Herter, had said there was a need for "a common language despite the ideological conflict to which he staunchly adheres. Many will find this hard...
...GREAT part of modern life is lived by artificial light, and yet no major painter has devoted himself to this glittering and multi-hued area until now. This week Manhattan's Babcock Galleries put on show the work of Chicago's Richard Florsheim, the first artist to attempt an all-out embrace of the world of electrical, chemical and neon fires. With painters everywhere attempting to reestablish contact, however ephemeral, with nature, Florsheim points out that man-made lights are also part of nature. The nighttime view from an airplane or a train can take...
...that. Through its stock holdings, Alleghany has 17% working control of the New York Central Railroad, plus 50% ownership of the Missouri Pacific Railroad. The Central also owns more than $500 million in Manhattan real estate, including the Park Lane, Commodore, Biltmore and Barclay hotels, plus several blocks of Park Avenue land. Biggest plum of all: Alleghany's 47.8% control of Investors Diversified Services, which manages five mutual funds whose combined assets total about $3 billion. This great Alleghany complex, says Sonnabend, "has been static since Robert Young died. It needs new vitality and dynamism...
...unfriendly land, at remote Kuri Bay, a syndicate of Australians, Americans and Japanese called Pearls Proprietary Ltd. is turning out a product that has the world's jewelers agog. The product: fabulous pearls as big across as a 25-cent piece, of gem quality so fine that a Manhattan jeweler recently sold a choker of Kuri Bay pearls...
...scientists to inspect a new system being used by the Navy to speed production of new weapons. The system, called Program Evaluation and Review Technique (PERT) was set up to schedule and keep under continuous review the progress of the Polaris missile program, an administrative task rivaling the Manhattan Project in complexity. Thanks largely to PERT, the Polaris missile is programed to be operational in late 1960, two years ahead of schedule...