Word: money
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Dates: during 1960-1969
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Melchior, now 78, has been doing his part by scouring the ranks of young singers for potential Heldentenor ma terial. He formed his own Heldentenor Foundation five years ago, and by this year had raised enough money to offer some deserving prospect a year of sub sidized study and practice. Last week, at Manhattan's Juilliard School, he auditioned nine candidates from among 50 applicants around the country. The judges included Singers Nilsson and Alexander Kipnis and Juilliard President Peter Mennin. They picked not one but two winners, each of whom proved in extreme ways Melchior's dictum...
...Brandeis University So-(1939) ciologist Samuel E. Wallace, who helped organize the most recent Bowery research program, "the fact that Skid Rowers share both money and drink is perhaps the most conclusive proof that most of them are not alcoholics; alcoholics would find it exceedingly difficult to exercise the control dictated by group drinking." The New York study also revealed that Skid Row is not the end of the road in the usual despairing sense. Its residents do not fall there, but actively seek it out because it has what they want: odd jobs without purpose or future, a community...
...once, Breslin wasn't kidding. Robert J. Allen is a so-called friend who snatches money out of the hands of wheelchair cripples and has married the same girl four times, and was always good for a column when Breslin was hard up, which was often. But Allen, who is real even if he sounds like a figment of Breslin's fertile Gaelic fancy, will no longer read about his exploits in the papers. At 39, Breslin is giving up newspapering, the only job he's known. Among others, his decision saddens Fat Thomas...
...have the responsibility of handling other people's money usually make large amounts of it. For running Massachusetts Investors Trust, one of the nation's biggest mutual funds, Chairman Kenneth L. Isaacs' pay package in 1967 amounted to $400,000. On Wall Street, the starting salary for securities analysts has escalated in the past five years from $7,000 to at least $10,000, and ranking analysts get $25,000 to $60,-000. On top of that, executives of brokerages traditionally pocket bonuses of from one month's to two years' salary. Even better...
SINCE the easing of last November's European monetary crisis, the calm in world money markets has seemed almost uncanny. The French franc has suffered only minor buffeting on currency exchanges. Last week the British pound rose to a six-month high of more than $2.39, lifted by the news that Britain's perennial trade deficit narrowed to practically nothing in January. The dollar, buoyed by last year's slight surplus in the usually deficit-ridden U.S. balance of payments, is stronger than at any time in recent memory. Yet amid such outward stability, signs of skittishness...