Word: occured
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Dates: during 1960-1969
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...leading Penguin, so is Investment Banker Robert Lehman, Novelist Paul Horgan, Poet Robert Lowell and opera-loving ex-Boxer Gene Tunney. One opera buff recently tried in vain to buy his way into the club with a $25,000 "gift," but membership is by invitation, and openings usually occur only when a member dies. Though the club is frequently accused of snobbism, past President Robert Snyder, a corporation lawyer, declares that "economic status is unknown and unimportant. I imagine that William Rockefeller [an attorney and great-grandnephew of John D.] is solvent, but all we talk about is whether...
...Rothschild Frères was moved more by pique than profit. It seems that some Paris stores have lately been nervy enough to question big checks drawn on Rothschild accounts. The bank hopes that the cards will end what one irritated Rothschild officer described as those nasty incidents that "occur from time to time, when a merchant insists on calling us before he accepts payment by check. It has proved embarrassing for us and for our clients...
Though they could scarcely believe that the Fed would let any such disaster occur, bankers could not be certain. To raise money, they sold off billions of dollars in municipal bonds from their portfolios at great loss. Bond prices crashed and bond yields soared. A year before, long-term municipal bonds had been selling at $1,000 and paying $40 in annual interest; in late 1966, the same bonds were down to $800 but still paying $40 - in effect, yields rose from 4% to 5%. New York State had to pay 5.7% to float one tax-free issue; Baltimore, Louisville...
Novelist-Playwright De Hartog (The Distant Shore, The Fourposter) makes Skipper Harinxma the most intriguing ship's officer since Horatio Hornblower. This is surprising in some ways, for the hero's trials occur on the well-plowed Murmansk run during World War II. Moreover, the author nearly scuttles his story whenever his captain heads for shore, particularly in one farfetched episode in which Martinus beds down with the wife of a dead shipmate. But De Hartog's descriptions of prowling U-boats and fear-swept sea combat are adroit and chilling, as vivid as Very-lights...
...halved in the past third of a century, and though stringent auto-safety standards will soon be put into effect (see U.S. BUSINESS), the U.S. still lacks prevention programs for private homes, public places, and forms of transport other than motor vehicles, where the great majority of nonfatal accidents occur. Moreover, says the Council (an offshoot of the National Academy of Sciences), the care that an accident victim can expect in most U.S. cities is too often inadequate. Ambulance service is frequently slipshod, with untrained personnel causing more injuries and deaths by careening through traffic lights, sirens shrieking, than they...