Word: resulting
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Dates: during 1960-1969
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...decided to try his own hand at the business. He bought controlling interest in Perfect Photo Inc., later merged it with three other firms: United Whelan Corp., a drugstore chain; Hudson National Inc., a mail-order firm; and Equality Plastics Inc., a consumer-products-distribution company. The profit-making result was Perfect Film & Chemical Corp., a New York company engaged in film processing and mail-order sales of drugs and vitamins. Ackerman remains Perfect Film's president and board chairman; for the time being, to illustrate his dedication to his job, he will serve Curtis as a non-salaried...
...National Bank of Boston, Curtis had to agree to a change in management and a definite plan to revitalize the company. Ackerman, who had been closely following Curtis' troubles, offered both of these. In addition, he is lending the company $5,000,000 for operating expenses. As a result, the banks agreed to extend the Curtis loan, much of which will be paid off when the company completes the sale of its Philadelphia headquarters to John W. Merriam, a Philadelphia real estate developer, for $7,300,000; Curtis will then lease back for five years...
Highway regulations, the priest points out, derive from the Fifth Commandment, "Thou shall not kill," and for the careless driver he quotes St. Thomas Aquinas' stern dictum on carelessness: "He who allows certain events to happen which result in homicide by imprudence becomes guilty in a certain manner of premeditated homicide." The author even invokes the moral logic of Matthew 5: 28-"Everyone who looks at a woman lustfully has already committed adultery with her in his heart"-as making traffic violations sinful even if no smashup results. For example, contends Renard, "the motorist who gets ready to pass...
Erasing the Vestiges. The United Methodist Church inherits by necessity the problems of the Methodist Church, most significantly its racially segregated organization.* White-run Methodist churches in the South have been al lowed by their denomination to bar Negroes from membership; as a result, Southern communities often have separate white and Negro Methodist congregations. The new denomination eliminates the Central Jurisdiction, a euphemism for a segregated administrative arm that has overseen most Negro Methodist churches. But it still retains ten all-Negro Methodist conferences in the South as separately administered units. The planners of the new church body have...
...Bank of America last week. "If we fail in that, we will be totally unable to solve our great domestic problems." Only 41% of last year's $4 billion U.S. balance of payments deficit-the chief source of the dollar's weakness abroad-arose as a result of the war in Viet Nam. Now, accelerating inflation is worsening the payments problem. Last week the Commerce Department reported that shrinking exports gave the U.S. a trade deficit of $157 million during March, the first since January 1963. As a result, the nation's normally robust trade surplus shriveled...