Word: non-american
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Away from Railroads. Last week an international syndicate of investment houses, including Lehman Brothers and Paris' Pays-Bas bank, underwrote a $30 million issue of Utah convertible Eurobonds offered to non-American buyers. The company will borrow another $50 million or so from banks in the U.S. and abroad. All the money will be used in the development of a promising new coal field in Australia, which represents Utah's largest single undertaking...
...from Abroad. Along with rotating ambassadors from home, U.S. firms have taken another step long overdue: they are giving more jobs-and more responsible jobs-to non-American executives. As recently as 1965, according to a survey by University of Manchester Professor Kenneth Simmonds, only 59 Europeans were among the 3,733 executives in Europe for 150 U.S. companies. Now the ratio is changing rapidly. The Earl of Cromer, for instance, until recently governor of the Bank of England, is the new chairman of IBM United Kingdom. Dr. Frederick H. Boland, the man who as United Nations General Assembly President...
...Your story on foxhole democracy is an interesting illustration of American hypocrisy and misconception. It is true that the Negro has attained a semblance of equality in Viet Nam. But American racism still exists at home; it has disappeared only in a temporarily Americanized environment 10,000 miles away and in a context of wholesale killing. Negroes should reject a freedom achieved amidst a deluge of non-American blood. All Americans should be appalled at the fact that it is now necessary to kill an Asian to free an American...
...sheer futility, frustration and fiscal irresponsibility, nothing in sport can match the attempts of non-American sailors to capture the America's Cup-the $500 trophy that has remained in U.S. hands for 115 years. The British have tried 16 times, the Canadians twice, the Australians once-all have failed. Hope still springs, as long as somebody springs for the price (upwards of $300,000) of a sleek 12-meter yacht. Next September Australia will go again. After trial races in Sydney last week, Top Skipper Jock Sturrock, 51, was eager to boast that...
...John Mackie, 55, as president, succeeding Lewis S. Rosenstiel, 75, who retains his position as chairman and chief executive officer. Mackie moves to New York with professional background as an accountant who became chairman of Schenley's profitable British subsidiary, Seager-Evans. He considers his appointment as the non-American president of "an extremely American company" to be "amazing and wonderful. I can think of no precedent." But he has few illusions about the amount of control he will take over from Rosenstiel. Says he: "I have a tremendous amount of stuff to learn from him. I would...