Word: ownership
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Dates: during 1950-1959
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...Oldfashioned nationalization," as Gaitskell called it, is no longer Labor doctrine (even doctrinaire Socialists found the experience disillusioning). The report cheered the past nationalization of rails, coal and electric power, and renewed its vow again to nationalize the steel and trucking industries, which the Tories restored to private ownership in 1953. But the policy that Gaitskell says must "supersede" the old way is a vague threat to authorize the state "to extend public ownership in any industry or part of industry which . . . is found to be seriously failing the nation." Presumably even this was a sop to the Bevanites...
...graduation from Dartmouth has held every post from sales clerk to basement-store manager. Like his son, chunky Fred Lazarus ("retailing is our life") also worked up from the basement. He became Federated's No. 1 man in 1945, transformed the corporation from a loosely knit cross-ownership of stock to a solid chain and trebled its sales by buying new stores. He will continue as top man, has no plans to retire, hopes this year to guide Federated to the U.S. department-store sales lead over front-running Allied Stores Corp...
...criticism of the Supreme Court came to a boil over two decisions (see below), both written by new Justice William J. Brennan and handed down last week. In holding that the Du Pont Co.'s ownership of 23% of the stock of General Motors constitutes an illegal monopoly, the Supreme Court stretched the Clayton Antitrust Act so far that even Government trustbusters gasped. In ordering that specific FBI reports be turned directly over to the defense in a new trial for Unionist Clinton Jencks, who had been convicted of falsely swearing that he was not a Communist, the Supreme...
Explaining Tom Spies's lack of a home, an associate says: "Tom has absolutely no pride of ownership. He takes the medals he gets, throws them in a drawer and never looks at them again." Despite his footloose way of life, Dr. Spies keeps a close watch on his patients; when he is away from Birmingham, he phones daily to check on their progress. Patients are devoted to him for another reason. Almost alone in his profession. Dr. Spies is careful never to use a word of more than two syllables if he can help...
...Last week, at the Senate Banking subcommittee hearings on the use of foreign banks in U.S. proxy fights, SEChairman Armstrong flatly opposed the measure. Present SEC laws permit stock owners of record, such as banks or brokers, to vote stock in proxy battles, and they require disclosure of beneficial ownership only by those directly involved in the fight or owning more than 10% of the stock. Armstrong said that SEC's small staff would be swamped if it had to check on all owners...