Word: merchantable
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Dates: during 1950-1959
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...young gallant with a yen for glory-until, riding off to war at 22, he heard a voice ask, "Why do you desert the Lord?" Not long after, Francis of Assisi turned to prayer and fasting. Haled into an episcopal court for selling some of his merchant father's best fabrics to help a poor priest, he stepped out of his fine clothes before the stunned bishop and handed them back to his father, thenceforth renounced the ways of the world...
Born on a farm outside Plainview, Texas, Country Boy Dean worked at cleaning neighbors' henhouses and picking cotton. Sundays he would sit at an old upright and play religious and "inspirational" songs. After a stint as an oiler in the merchant marine, he joined the Air Force, played in base bars for $5 a night. Today Jimmy lives in transportive Arlington, Va. with his wife Sue and their two children Gary (5) and Connie (3). He gets up at 3:30 every morning, downs a breakfast of three energy pills and a Waring-blended pint of cream, two eggs...
...Blackpool and Brighton. Simpson's in the Strand is serving its famed roast beef, and in poor neighborhoods, stores whose stock in trade was once chiefly Brussels sprouts and potatoes now feature oranges and even avocados. Across the North Sea. Scandinavians are thriving. Norway has rebuilt its merchant fleet to twice its prewar tonnage, added 100 hotels since 1945. Norwegian housewives, who bought only 2,000 washing machines in 1950, snapped up 64,000 last year. Even in chronically impoverished Ireland, real national income is up 25% from...
...never wavered from Founder E. W. ("Damned Ol Crank") Scripps's belligerent belief that only a profitable news service can achieve editorial impartiality. The first major U.S. news service to prosper as a commercial undertaking, the U.P. today is the world's most enterprising wire-news merchant, an international giant serving 1,560 U.S. newspapers and 3,270 other clients in the U.S. and 71 foreign countries (estimated 1957 gross: $28.8 million...
...Ralph Lazarus, 43, fourth-generation retailer of the Lazarus merchant family, stepped up to president of Federated Department Stores, Inc., which grossed $601 million in the past year from its 38-link chain. His father, Co-Founder Fred Lazarus Jr., 72, moved up to chairman. Former Chairman Lincoln Filene, 92, also a founder and the dean of U.S. retailers, eased into the new job of honorary chairman. The executive switch means that Fred Lazarus will steadily relinquish more authority to his son, who in 22 years with the company following his graduation from Dartmouth has held every post from sales...