Word: riche
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Dates: during 1960-1969
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...Peru elected a liberal government last summer, after a military junta had ruled for a year. The U.S. is leary of the possibility that Peruvians may want to nationalize some of the rich oil industry now owned by U.S. companies...
Outcome of the election was a fore gone conclusion: a landslide victory for Kenneth Kaunda, 39, the austere, energetic minister's son who was in turn jailed by the British and later groomed by them to take over the copper-rich protectorate. Kaunda's United National Independence Party (U.N.I.P.) captured 55 of 75 seats in the legislative assembly, crushing the demoralized African National Congress Party of hard-drinking Harry Nkumbula, Kaunda's onetime mentor...
Pleased by public response, Curtis President Matthew J. Culligan called Ogilvy's ad "one of the great media ads of the decade." Others obviously agreed. Next day, by startling coincidence, Look Magazine ran a full-page paean to its editor, Dan Mich. Adman Ogilvy could harvest the rich rewards of having concealed from Curtis, to the very end, his true motives. "I belong," he said last week, revealing his purpose at last, "to the society for the enthronement of editors and the subordination of those space peddlers who get to be publishers. I've been nauseated...
Feeding Ideas. All this could leave an impression that Paley is just another of those jet-winged and rich-born people who make a job of everything but work. He is not-but he was certainly born rich. His father was a prosperous cigarmaker (La Palina), and Paley was educated at the University of Pennsylvania's Wharton School of Finance and Commerce ("what a farce"). He got interested in the nascent radio business only when, as the boss's restless young son, he discovered that La Palina could sell a spectacular number of stogies by plugging them over...
...bitter controversy with the all-cargo lines, such as Slick and Flying Tiger, which claim that the encroachments of the big lines could drive them out of business. Most of the big lines are losing money on their cargo operations, but these losses are balanced out by the current rich profits from passenger travel. The Civil Aeronautics Board, sympathetic to the plight of the all-cargo lines (which carry 30% of U.S. air freight), last week announced that it will come to their aid, most likely with route and rate concessions to keep them aloft...