Word: recent
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Dates: during 1960-1969
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When the Norwegian author-explorer Thor Heyerdahl sailed across half the Pacific on a balsawood raft 22 years ago, he recalls, "We on Kon Tiki were thrilled by the beauty and purity of the ocean." During his recent attempt to sail from Africa to Central America in a boat made of papyrus reeds, which he was forced to abandon last month 600 miles from his goal, Heyerdahl's old thrill was replaced by shock. In Manhattan last week, he reported to the Norwegian Mission at the United Nations: "Large surface areas in mid-ocean as well as nearer...
...recent doubleheader at Minnesota's Metropolitan Stadium, the Twins subjected the faltering Detroit Tigers, the defending world champions, to a humiliating demonstration of speed and muscle. Tiger Ace Mickey Lolich, whose won-lost record was 14-2 before the game, lost the opener, 5-2. In the process, he gave up his first home run of the year, a line shot by Minnesota Second Baseman Rod Carew. In the second game, the Twins chased the Tigers' other star, Denny McLain (15-5), off the mound in the fifth inning; two home runs, including Third Baseman Harmon Killebrew...
...managers of money. No institution manages more "O.P.M.," or Other People's Money, than Manhattan's 116-year-old United States Trust Co., one of whose few advertising themes is "Planned silence is essential to a trust company's character." Evidently, silence is also golden. A recent study by the House Banking and Currency Committee reveals that U.S. Trust, which is really a commercial bank, directs the destinies of $11 billion in personal trust and investment money. O.P.M. last year brought the company nearly $18 million in fees and commissions. That, plus income from investments and interest...
...investments rose less rapidly than those of small mutual funds, whose young managers hopped from fad to fad, making quick gains on chicken franchises or computer-leasing companies. These smaller investment funds, which rose rapidly in the highly speculative markets of 1967 and 1968, have fallen sharply in the recent market slide. This year, U.S. Trust has done much better than most of the newer, smaller investment institutions. It has-as it usually does-outperformed the market averages by about...
...industry, tourism. Some shippers estimate that earnings would rise to $500 million yearly if the military government of George Papadopoulos took steps to encourage more owners to register their ships under the Greek flag. The dictatorship has won the shipowners' enthusiastic support by moving in that direction. A recent decree exempts new Greek-flag ships from taxes until they are ten years old. Shipowners even have priority on international telephone calls; they get through from Athens to London in a few minutes, while ordinary Greeks often have to wait for hours...