Word: posts
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Dates: during 1970-1979
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Such tales have not been limited to small firms. Chemical Bank, which lost $6 million in post-Volckerism bond dealing, abruptly fired its trading manager. A billion-dollar sure thing- the issuing of IBM bonds last month- turned into a pumpkin for such blue-ribbon investment bankers as Salomon Bros., which had underwritten the deal. Because of difficulties selling the IBM securities, Salomon and other traders had to swallow losses of $10 million. For the once staid bond market, it has been a fitting 50th anniversary of the Great Crash...
Like John O'Hara, he was to yearn vainly for high literary honors (though he won a Pulitzer for Apley). But to some extent he was realistic about his gifts and limitations. Early on, Marquand discovered that he had a knack for writing Saturday Evening Post stories. These he tailored to the requirements of Editor George Horace Lorimer, grafting on happy endings when needed and making sure that there was plenty of boy-girl interest. He stayed clear of the literary world and regarded himself simply as an entertainer. When he encountered critical snobbery, as he began to break...
Marquand's self-deprecation seems only partly justified. If he had written nothing but his half a dozen best books, and none of his Post stories, he might have been spared a few swipes from reviewers, but his reputation now would not be much different, and his estate would have been far smaller. He wrote one superb and unimprovable book, Apley, several good ones (So Little Time, Point of No Return) and quite a few that were glib, unimportant, and exceedingly popular. He never had to teach freshman English or write book reviews, and he lived where he pleased...
Carter's low popular standing has brought on one of those self-conscious self-examinations that the press constantly undergoes: Seeing Carter's troubles, has the press deliberately built up Ted Kennedy? To such an accusation from a Washington Post reader, the paper's ombudsman, Charles B. Seib, pleads not guilty...
...like these things because they make good copy. Our banner might well carry the motto 'Let's You and Him Fight'... We desperately need a contest." That answer doesn't satisfy New York's Lieutenant Governor Mario M. Cuomo, a Carter Seib of the Post supporter. He accuses the press of being "in love with Ted Kennedy" and adds: "Jimmy Carter is a bore, and I think the media cannot tolerate a bore. That's not the way to pick a President...