Word: oiled
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Dates: during 1960-1969
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...return smoother than Witherspoon's. Project Transition, set up at Fort Knox by the Defense Department, is cooperating with industry to give vets training in everything from mathematics to data processing, and has already placed some Viet Nam veterans in jobs ranging from postal clerks to oil-company salesmen. President Johnson hopes to recruit Negro vets as ghetto schoolteachers, and a bill to that end is being drafted for presentation this year...
...Gaulle, suggests Kaplan, is really a scavenger, out to exploit the battle between the two super powers, the U.S. and Russia: "to take his prizes while the big antagonists are deadlocked-witness the oil deals France is busy making in the Middle East." The French President makes no secret of the fact that he considers the U.S. his best target. In fact, Gaullist logic makes the U.S. out to be the necessary target for France in the interest of world harmony "by contending that American power is dominant in the world, most secure in its seat, and most threatening...
...sculpture that disappeared slowly before the spectators' eyes, vanishing without a trace within 24 hours. The form: a 110-ft.-long, 15-ft.-wide, 22-in.-high labyrinth. The material: dry ice, shaped into blocks and costing $1,200, which was contributed by a subsidiary of Union Oil as part of an outdoor show of more permanent pieces...
...Latin America, Africa and Asia, investments will be held to 110% of the 1965-66 average without regard to the source of funds. Anxious not to deal the British pound another blow, the President in his edict allowed U.S. business investment in the U.K., Canada, Australia and oil-producing countries up to a maximum of 65% of the 1965-66 base period. On top of that, U.S. companies were ordered to reduce foreign bank balances to their 1965-66 average and to repatriate at least 65% of their European profits. The order, affecting about 1,000 U.S. firms, will...
Virginia-born Davies joined Standard Oil of California as an office boy at 17 after graduating from high school in Fresno; he rose to be a director at 32 and senior vice president at 38. Though many oilmen had tagged him as a future president, Davies and Standard parted company after his wartime service as Deputy Petroleum Coordinator under the industry's old scourge, Interior Secretary Harold Ickes. Davies then founded American Independent Oil Co. (he has since sold his interest in it), later bought control of American President Lines and San Francisco's Natomas Co., which dredges...