Word: ranching
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Dates: during 1960-1969
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More economies were in the offing as the week went by. Postmaster General John Gronouski emerged from a ranch-house session to announce that his department's budget request had been cut back by $200 million, and that measures were afoot to whack $100 million off the Post Office's chronic deficit next year, thus effecting an equivalent $100 million saving in the federal budget. Johnson himself disclosed that several hundred million dollars each had been pared off next year's budgets for the Agriculture Department, Atomic Energy Commission and National Aeronautics and Space Administration...
Last week, while still at his Texas ranch, President Johnson declared that this will be the year of an American "peace offensive," and he launched it while playing host to Germany's Chancellor Ludwig Erhard...
...unprecedented move, Pope Paul VI flies to Johnson City, Texas, to visit President Johnson at the LBJ ranch. To his evident enjoyment the entire Johnson family welcomes him to a barbecue with a chorus of "Deep in the Heart of Texas" sung in Latin. In New York, Richard Nixon holds a press conference to announce his selection of a staff of advisers "who will help me formulate plans to avoid becoming a candidate for public office...
...other electrical-equipment makers in the Great Electrical Conspiracy three years ago (TIME, Feb. 17, 1961 et seq.), the company figured that $50 million would be enough to settle the damage suits from overcharged customers. Last week, as Chairman Ralph J. Cordiner, 63, retired to his cattle and citrus ranch in Florida, he gloomily reported that so many of the firm's 500 complaining customers were holding out for more money that the final settlements may total upwards of $75 million. Biggest single payment: $6,470,000 to the Tennessee Valley Authority. The $50 million that G.E. set aside...
...children put up free. The idea caught on-not only with families but with traveling businessmen and eager franchisers; today Wilson, 50, flies 150,000 miles annually to open new inns or pick additional locations. Although innkeeping has made him a millionaire, he still lives in a modest Memphis ranch house, still entertains with outdoor barbecues. He greets favored visitors with special business cards bearing their names, and below: "World traveler, international lover and last of the big spenders...