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Mean Appearance. Taking grim stock of the situation, Herald Tribune Publisher John Hay Whitney wrote an eloquent Page One indictment of the unions and a last-minute plea for cooperation. "In the past," he said, "management's side has always been modestly withheld for fear of offending the negotiators and labor has had its say effectively so that we always appeared either mean or incompetent and sometimes both." Whitney conceded that the publishers had much to answer for in the past. But the present problem, he went on, is "here and now when we are trying to make...

Author: /time Magazine | Title: Newspapers: Last Blood from a Pale Stone | 4/29/1966 | See Source »

...three months ending Feb. 28. That rate continued in March and April, said Chairman Frederick R. Kappel at a meeting in Detroit. "Business is booming, earnings are good, and the prospect ahead is for more of the same," said Kappel. However, in response to President Johnson's plea for corporations to combat inflation by cutting back on capital investment, A.T.&T. has reduced its 1966 expansion program by about $200 million. Explained Kappel: "We'll be spending in the neighborhood of $4 billion instead of the $4.2 billion we would have spent if we went all out this...

Author: /time Magazine | Title: Corporations: Full Quarter | 4/29/1966 | See Source »

...which underwrite the loans on 16% of the nation's new homes, fiddled while rates flared. When FHA hiked its rate from 5¼ to 5½% in February, the Treasury Department and the Council of Economic Advisers overruled the agency's plea to boost the rate to 5¾% at once. While the second boost was debated, the price of mortgage money shot up past 6% in the FHA market. Many institutions that ordinarily make FHA loans allocated funds elsewhere. Worst of all, the Federal National Mortgage Association cut its upper limit on loans from...

Author: /time Magazine | Title: Housing: A Three-Story Pinch | 4/22/1966 | See Source »

...letters got results. In the spring of '61 there were rumors that Weld Hall, the one-time freshman residence of both Potter's friends and John Kennedy, might be remodeled. Potter sent a third carbon plea, carefully typed to look like a form letter with a "Save Weld Committee" letterhead, to President Kennedy. The letter explained that Weld should be preserved in its original state as an historic monument because "a President of the United States slept there." Unlike almost every piece of mail the White House receives, the letter never received any acknowledgement...

Author: By Linda J. Greenhouse, | Title: The Life and Times of Stephen Potter | 4/21/1966 | See Source »

Javits had something new and something old to offer. New was a proposal to increase hemispheric understanding by lofting into space a new satellite that would transmit television programs between north and south. Older was his plea for a barriers-down trading area in Latin America modeled on the Eu ropean Common Market. Javits envisaged a tariff-free trading zone stretching from Tierra del Fuego to the Rio Grande and embracing a population of 220 million with an annual gross national product of $78 billion. He hoped that the U.S. and Canada would ultimately join, forming a market that would...

Author: /time Magazine | Title: Latin America: Cry for Progress | 4/8/1966 | See Source »

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