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...trying to convince business and financial leaders that he is deeply concerned about the stock market and the general economy. Last week he conferred with Bernard Lasker, chairman of the New York Stock Exchange. In the next few days, National Security Adviser Henry Kissinger and Budget Director Robert Mayo will exchange ideas with other prominent businessmen...

Author: /time Magazine | Title: Business: The Economy: Crisis of Confidence | 6/1/1970 | See Source »

...national debt have been unexpectedly high because loan rates have not dropped as the Administration anticipated. Rising joblessness has boosted the bill for unemployment compensation. When the postal strike led to a 6% federal pay increase six months before schedule, the last hopes of a surplus vanished. Budget Director Mayo disclosed last week that the budget will show a $1.8 billion deficit this fiscal year, and a $1.3 billion deficit next year. Even those estimates may be optimistic. They are based on a January forecast that taxable corporate profits would hit $89.5 billion this year. In the year's first...

Author: /time Magazine | Title: Business: The Economy: Crisis of Confidence | 6/1/1970 | See Source »

Since July 1966, when I had the privilege of introducing Charnley's operation in this country, many centers have adopted it, including Columbia Presbyterian Hospital in New York, Johns Hopkins Hospital in Baltimore, the University of Illinois Hospitals in Chicago, the Mayo Clinic in Rochester, and Massachusetts General and New England Baptist hospitals in Boston. It would be less than fair to omit mention of these major teaching institutions that remain in the van of orthopedic practice in this country...

Author: /time Magazine | Title: Letters: May 18, 1970 | 5/18/1970 | See Source »

...late 1950 I succumbed to the blandishments of another profession, and, after a bit of struggle, deserted the pure practice of law and my partners (who, incidentally, still think I am crazy) to go to the Mayo Clinic at Rochester Minn, as one of its administrative officers...

Author: By Michael Ryan, | Title: 'As Far as I Know, He Was Never a Criminal Type' | 5/12/1970 | See Source »

...Blacken made the most adventurous move of his life, since the day he left home to come to Herr-varied. He gave up the career of a midwestern lawyer to follow his more generous emotions and take a more exciting job. As an executive of the Mayo Clinic, he established a reputation as an intelligent, generous administrator, and also brought himself to the attention of prominent Minnesota politicians. Nobody was very surprised when, in 1959, President Eisenhower appointed him to the Federal Court in Minnesota. As he wrote to his class in his Thirty-Fifth Report...

Author: By Michael Ryan, | Title: 'As Far as I Know, He Was Never a Criminal Type' | 5/12/1970 | See Source »

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