Word: otto
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...Otto Eckstein, 46, economist, from
Arab Interests. Two weeks ago, Standard Oil Chairman Otto N. Miller sent a letter to the company's 262,000 stockholders and 41,000 employees, urging them to show "understanding on our part of the aspirations of the Arab people and more positive support of their efforts toward peace in the Middle East." The letter referred to America's growing need for Arab oil and Standard's own large interests in the Middle East (it owns 22.5% of Aramco, whose Saudi Arabian petroleum operations make it the largest producer of crude in the world). Miller also urged...
...wait for the arrival of the allied armies. If he saw in any of his horoscopes that Himmler was soon to commit suicide, he does not tell us. He does end on a note of good cheer: "National Socialism was smashed and disappeared from the scene. Astrology . . . remained." ∎Otto Friedrich
...past nine months. Capital spending plans are also being curtailed. In May, for example, a McGraw-Hill survey reported that businessmen round the country intended to raise plant-and-equipment spending this year by 19%. The latest Government study in June put the increase at a more modest 13%. Otto Eckstein, another member of TIME's board, predicts that the increase in capital outlays for the second quarter will be "astonishingly small-2.4%, about half as much as the first quarter...
...boiled tough egg, two-fisted beer drinking labor negotiator to keep his opponents off-balance. He took over a splintered Faculty in 1970 and in the next several years knit the deeply-rooted divisions back together, sending independent-minded reformers either into disarray or scurrying for the center. As Otto von Bismarck had once manipulated German liberals into supporting his reunification efforts, so did Harvard's Iron Chancellor unite most of the Faculty, restoring a certain reverence for his office that had been absent for some time. Even most of Dunlop's erstwhile liberal opponents capitulated out of respect...