Word: popular
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Dates: during 1950-1959
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Frank E. McKinney, 52, Indianapolis banker, Harry Truman's hand-picked choice as Democratic National Chairman until he was ousted by the Stevensonites in 1952. He is convinced that Adlai is far from the popular choice, that the U.S. is a gold mine of unpanned Harriman strength, and he will be with Harriman until the bitter end. His battle cry to Harriman agents: "Don't sit back and let nature take its course; there is work to be done...
...sphere was athletics, where the Carnegie Foundation's Report in the fall of 1929 charged that Harvard was subsidizing its athletes. It was a time when college athletics were enormously popular, and already it was hard to keep strictly amateur conditions. Some of the figures stand in stark comparison to those of today: 60,000 fans saw the Dartmouth football game in 1929, an estimated 100,000 witnessed the Yale crew race that spring, and 13,000 attended a Harvard-McGill hockey game...
Taking a Chance on Love (Helen Forrest; Capitol). A popular songbird of the swing era who starred with the Goodman, Shaw and James bands, Forrest, after a long time in the woods, swings back in fine condition. She sounds smoother and more confident; she still has plenty of life and the same sweetly nasal voice...
...high court ruled that unrestricted options (about 10% of all plans) giving employee "proprietary interest" in company come under normal income-tax laws. Any profit between option price and market value is taxed at ordinary income rates, at the time when employee picks up the option. Profits on more popular restricted options (employee cannot buy at less than 95% market value at time option is granted, cannot sell for two years) are still considered capital gains, are not taxable until stock is sold...
...appointing Cheever and by otherwise demonstrating his sincere respect for alumni, as well as by his actions on such policy issues as the McCarthy attacks, Pusey has made himself very popular among University graduates. In the opinion of a current member of the Board of Overseers, he already has built up more confidence and support among the alumni than any previous Harvard President...