Word: prescient
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Dates: during 1960-1969
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...Books. They are called TIME CAPSULES, and each issue covers a year of TIME, excerpting the original stories. The words, except for forewords and a few connecting passages, are those of TIME, reflecting the flavor, the attitudes, the state of knowledge of the day - sometimes innocent, sometimes opinionated, sometimes prescient, sometimes wrong but very often right. The first four CAPSULES, for 1923, 1929, 1941 and 1950, will go on sale this week in book stores, variety stores and newsstands for $1.65 each in quality soft cover...
Nitze has had a long wait. Since 1940, he has held several influential posts, notably as chief of policy planning for the State Department and as Assistant Secretary of Defense for International Security Affairs. He contributed to two historic, prescient documents-National Security Council No. 68 in 1950 and the Gaither Report in 1957-that pointed up serious weaknesses in the nation's defense posture...
European bankers, who consider Martin the most prescient economic seer in the U.S., opened the week with a burst of sell orders. Small investors at first did little selling, but nobody did much buying, either. The pension funds, mutual funds and insurance companies -which account for about one-third of all trading-conspicuously sat on their millions and waited for stocks to fall still lower in hopes of scooping up bargains. At midweek individual investors began to unload; larger numbers of 100-share and 200-share transactions danced across the illuminated ticker tape in the stock exchange...
...Daring & Prescient. During the Depression, most of Harvard's funds were prudently invested in bonds rather than common stocks; when Cabot became treasurer 16 years ago, Harvard was worth $217 million. He talked the Harvard Corporation, of which he is an ex-officio member, into hiring an investment management firm to advise it. The corporation responded by choosing the State Street Research & Management Co., of which Cabot is a partner, but uprightly turned over the commission-rich buying and selling chores to some 100 independent brokers...
...expect 1964 to be a difficult year," admitted Pure Oil Co. President Robert L. Milligan recently. He was more prescient than he suspected. Last week Pure Oil's board faced the difficult question of what to do about an attempt by a group of celebrated outsiders to buy the 50-year-old company for a walloping $700 million. Milligan and his managers are understandably apprehensive. The mechanics of the transaction are intricate, and how many of Pure Oil's present managers would stay on is uncertain...