Word: marketeers
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Dates: during 1960-1969
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...facing the urgent need of giving the nation a reply about the prospects of future development" in dealing with "incompetent, discredited people carrying on intrigues at their places of work." Trybuna Ludu criticized the Gomulka regime for being too much influenced by "revisionist" economists, denounced the type of market economy now being introduced in other Socialist countries. And Polityka, a magazine with a large readership among young party members, bemoaned the considerable age gap between leading party officials, many of whom are in their sixties, and the rest of the country-40% of whose people have not yet reached their...
...sealed bids have been arriving for a year, and more than 30 universities, foundations and museums anxiously waited to see who will get one of the most sought-after collections of private papers ever placed on the market. The decision caught everyone by surprise: McMaster University in Hamilton, Ont. (5,227 students), successfully purchased the vast array of letters and papers of BeHrand Russell, 95. There is enough of the stuff (150,000 items) to fill dozens of trunks-work sheets of Russell's milestone thought in philosophy and mathematics, his voluminous correspondence with such pen pals as Joseph...
...founders of General Motors and until recently one of its biggest stockholders (he has given away all but 92,000 shares), Mott funnels his millions through the Mott Foundation (TIME, June 28, 1963), which considers itself the nation's fourth largest foundation (assets fluctuate with market values, but the Ford, Rockefeller and Duke philanthropies are undoubtedly larger). It contributes directly to the school board ($3,477,141 this year)-but only after Mott and his aides study and approve of the board's plans for spending the money. "Let's not kid ourselves," says a Flint attorney...
...been clear for some months now that the bird of Wall Street is the dove. So it was no real surprise last week when new hope for peace in Viet Nam gave the stock market an exuberant lift. A paroxysm of trading twice shattered daily volume records on the New York Stock Exchange and sent share prices up enough to erase a third of the past winter's losses. Then, at week's end, the market settled back and waited to react again to events...
...Investors bought heavily in automobiles, office equipment, savings and loans, electronics and glamour issues. Panicky speculators rushing to buy shares they had sold short in anticipation of falling prices accounted for some of the week's rush. More important, said brokers, mutual funds moved into the market: at the end of February (the latest available official figures) the funds had $3.4 billion in cash, or 8.2% of their assets, as compared with a normal ratio of 5% or 6%. Some analysts believe that March saw a buildup to $10 billion cash...