Word: oiled
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Dates: during 1960-1969
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...Europe, especially to Yugoslavia, whose independence from Moscow the U.S. has long encouraged. Yugoslavia is the third largest recipient of American surplus food (after India and Pakistan), has taken almost $1 billion worth. Lately it has been seeking to buy an additional $29 million worth of wheat and vegetable oil under the easy payment terms of the Food-for-Peace program. However, as a result of two restrictive amendments passed by the last session of Congress, the flow of food to Tito's homeland has been mired, and finally halted, by an obscure bridge buster called the Findley Amendment...
...seems to me--I must clarify this point, I think--it's not the fact that they are corrupt or sold out to "Standard Oil," or anything of that kind. That is not what I am trying to point out. It's that the military believe in something that is out-dated in your eyes, and in the eyes, I believe of the majority of all people...
Organized two years ago, the com mittee has 3,000 financial contributors, including such well-known industrialists as J. Howard Pew, board chairman of Sun Oil, and President Roger Hull of the Mutual Life Insurance Company of New York. Although it acknowledges the right of individual ministers to take stands on political-moral issues, the committee strongly objects to the tendency of Presbyterian leaders to issue pronouncements that purport to speak for the church as a whole...
Jobs & Capital. More and more Europeans, however, take a longer view, even though U.S. investment has reached a point where, for example, Americans control 30% of Europe's automaking, 50% of the West German oil industry and 90% of the French computer industry. Obviously, new plants mean jobs. G.M. expects to hire 6,000 for its Antwerp plant and another 3,000 workers for the transmission plant at Strasbourg. Beyond this, the U.S. demand for money now seems to be having a salutary effect on European capital markets...
...discussions. Among companies invited to discuss a possible deal are the McDonnell Co. of St. Louis, North American Aviation of El Segundo, Calif., and General Dynamics Corp. of New York City. Admittedly interested in Douglas are New York's Martin Marietta Corp., Venture Capitalist Laurance Rockefeller, the Signal Oil & Gas Co. of Los Angeles, and Fairchild Hiller Corp. of Hagerstown, Md. Signal last week offered Douglas $100 million for 5,000,000 shares of a new issue of 6% preferred stock. Converted to Douglas common stock at the rate of two to one, the holding would give Signal...