Word: netful
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Dates: during 1960-1969
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True, the substitute bill passed by the House called for a city referendum and the drafting of a charter. What this amounts to, however, is a delaying action. A Senate-House conference will be held, probably net year. If the features of the House bill are retained and the measure is passed, a referendum (thoroughly unnecessary since Washington voted 6-to-1 for home rule on last year's Presidential ballot) will be held. The charter might be drafted and sent back to Congress by 1967, and this is precisely the point: no one knows who will be in Congress...
Under the sponsorship of UNESCO, scientists from more than 70 nations began this year to pool their research talents and facilities in the International Hydrological Decade. IHD scientists are already establishing a worldwide net work of hydrology stations to map climate conditions, to study precipitation, ground-water levels and stream ecology, and to measure water's capacity for self-purification. Says Michel Batisse, a French engineer who heads the IHD: "It may turn out that the most important results of the IHD will not be strictly scientific but the side effects. For the first time, and forever, modern civilization...
...about $50 out of line. Townsend acted either from cockiness or sheer need. Though Chrysler's sales have more than doubled since 1961, its rapid expansion of plants has left the company short of cash, and it needs money to finance a four-year, $1.7 billion growth program. Net working capital last year shrunk from $557 million to $385 million; Chrysler profits run to only about 5% on its sales...
Most of the trading was done by the big professionals, notably brokerage firms dealing for their own accounts. They both bought and sold, and the net effect was a standoff. There was a lot of switching, as traders sold such recent high flyers as Xerox and Fairchild Camera to get profits that they could plow into stocks that they felt were good bargains. Large institutions - insurance companies, mutual funds and pension funds - were also active, as evidenced by the great blocks of stock that changed hands: 17,200 shares of Chrysler; 53,000 shares of Cleveland-Cliffs Iron...
Insults & Bribes. By far the most dramatic was the bizarre account of a bungled American CIA exploit in Singapore. Late in 1960, according to Lee, a U.S. agent had flown into Singapore and tried to bribe his way into the city's Special Branch intelligence net. He was taped and filmed in the act, tossed quietly into jail. Lee then offered to free the agent in return for $33 million in U.S. economic aid for his nation. The U.S. refused, said Lee with superb aplomb, and instead "insulted" him with a counteroffer of $3,300,000 for Lee personally...