Word: money
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Dates: during 1960-1969
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...Fainsod Committee has been designed not to instigate student power but to co-opt it before the issue really threatened the Corporation's vital interests. The Committee's principal protagonists, Dean Ford, President Pusey, and Merle Fainsod are knowing in the ways of corporate bureaucracies. The first solicits money for them, the second administrates them, and the third studies them. Their hopes for the Committee, conscious or not, probably go something like this: the study will take three months, the reaction will take some time, and in the meantime, several "student leaders" will have developed a large stake...
...banks that succeed seem to do so by recruiting able management and making the local black community feel deeply involved. One problem is that many Negroes still feel more secure depositing their money with white bankers. This will be overcome in time, as education spreads. The longer-term danger is that, in their desire for safe profits, the black bankers may become overly prudent and turn down loans to the new Negro entrepreneurs who alone can turn the dream of "black capitalism" into a reality...
...Kennedy began warning openly, although the issue was never much in doubt, that the 10% tax surcharge may have to be extended a full year beyond its June 30 expiration. Last week Paul McCracken, the President's chief economist, warned the Joint Congressional Economic Committee that current tight-money policies may have to be maintained throughout 1969. It is now considered quite possible that commercial banks will once again raise the prime interest rate, which is already at 7%. Any further increase would make it that much costlier for companies to carry out capital-spending plans...
Guerrilla Warfare. Most of the losses and breakdowns are caused by professional thieves. They pick the lock of the coin box or stuff the coin chute with thin pieces of paper and after several would-be callers have dropped in their coins, retrieve the money. Last year one thief admitted that he habitually got into 20 to 30 pay phones a day and earned $20,000 annually. Less sophisticated professionals often smash the telephones or rip them out and carry them away. Plain spiteful vandalism also accounts for an increasing number of broken phones. Teen-agers rip out wires...
...today the Tea Party has come to be established as one of the hottest places to play on the East Coast. All English and West Coast groups now regard Boston as a mandatory engagement, as much for aesthetic as financial reasons, since they do not make all that much money from an appearance at the Tea Party...