Word: portfolios
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Dates: during 1950-1959
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Postwar Politics: Elected mayor of Arras and Deputy for Department Pas-de-Calais in 1945; still holds both jobs. Challenged Socialist Party leadership because it had "lost touch with militants"; succeeded to secretary-generalship, won complete control in 1946; served as minister without portfolio under Premier Leéon Blum. As a Socialist, stoutly opposes Communists ("They are not left but East...
Next week, in the Christmas issue, TIME will open another gallery in that American wing with a special eight-page color portfolio of works by American artists, from John Singleton Copley and the painting Peale family (see cut) to Edward Hopper...
Long an NBC vice president without portfolio, Sacks comes to his new job with frank qualms: "I didn't know I was competent for it." But he plans to do what he does best: woo plenty of new talent (including idea men), and sign up the most promising to long-term contracts. He believes that TV was not meant to be a mere exhibitor of old movies. Says Programmer Sacks: "Our job is creating. If you don't create, you might as well close shop...
...Angeles, for example, only the Bank of America still handles FHA loan packages in any quantity. Chicago's Merchants National Bank, which once had as much as 75% of its mortgage portfolio in VA and FHA homes, has cut them out entirely. As for life insurance firms, says President Maynard Harris of Boston's Franklin Savings Bank, "they are not going to invest in FHA when they can buy bonds yielding as much and buy conventional mortgages yielding more." Neither will savings and loan associations, which currently guarantee a 4% interest payment to depositors in some areas, thus...
...means to this end Conant suggested that "we need a certain number of university professors with roving commissions whose teaching and creative work shall not be hampered by departmental considerations. Such professors without portfolio would have to be recruited from scholars who had already proved their worth not only as productive thinkers but as stimulating personalities. The endowment of their chairs should include an adequate research fund which could be spent for assistants or for publications as the incumbent in each case directed...