Word: partner
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Dates: during 1960-1969
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After years of platitudes about the Good Partner Policy, designed to let the U.S. off cheaply, Washington seemed fi nally to be coming to grips with its neighbors' problems. The U.S. choices seem to be only two: give Latin America help, Marshall-Plan style, or see the area hunger perilously and indefinitely...
...been formed by Scripps from three other news-gathering services. In less than five years, Howard was U.P.'s president. In 1922 Howard complained to Old Man Scripps that the Scripps newspapers had become chronic growlers instead of champions of the public interest. Scripps made Howard a partner in the chain, let him renovate the policy of the papers. In no time at all they became more determinedly "different"-but in the process lost much of the idealistic Scripps zeal...
Mergers are also prompted by the fear of being caught with a single product in an age of rapid technological changeand widespread diversification. "There is a realization now as never before that new products are a vital source of new profits,'1 says Partner Wilson Randle of Booz, Allen & Hamilton, management consultants. "You can get a new product through research and development-or you can go out and buy it. Research and development might take three or four years. A merger can do it overnight." There are also personal reasons for mergers. Example: Chicago's Consolidated Foods recently...
...With the big institutional investors (mutual funds, insurance companies) now returning to the market and the market's basic psychology improving, many Wall Streeters believe that the market is ready to respond to favorable news, take off on a sustained advance to new highs. Says Gerald S. Colby, partner of Boston's du Pont, Homsey & Co.: "The market is seeing better business ahead. It does not care what the economists are saying today. It is currently consolidating to go through 650-655 and on through its alltime high [of 685.47] by year...
...prickly debate, and even then 21 Senators voted against it, so that it got a two-thirds majority with only eight votes to spare. Some Senators grumbled that the U.S. should not have allowed Russia, an Ivan-come-lately with no valid claim in Antarctica, to be a partner in the treaty. "It amounts to putting the free world and the slave world on the same footing," complained Connecticut's Thomas Dodd. Thundered Georgia's Richard Russell, recalling the exploits of the late Explorer Byrd (brother of Virginia's Senator Harry F. Byrd): "This treaty would certainly...