Word: rosee
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Dates: during 1960-1969
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Most job holders in Washington have specific duties laid out for them either by the Constitution or by the Civil Service or by the dictates of the job itself. The White House doorman, for example, mans the door. The White House gardener tends the rose garden. But what about Arthur Schlesinger Jr.? Well, he has a lot of jobs. But nobody seems to know quite what they...
...witness at the first meeting. Over dinner in the Palais Schaumburg's chandeliered Grosse Kabinettssaal, Rusk softened Adenauer with long reminiscences of his graduate student days in Berlin 30 years ago, of tours in the Rhineland, of the Weimar era. As the wine and champagne flowed, Rusk rose to toast U.S.-West German friendship, then turned to the old Chancellor with the ultimate and justified compliment. Seldom in a lifetime, said Rusk, did one have the opportunity to meet such a "historic personality." Next morning, in Adenauer's spacious office by the Rhine, the pair got down...
...industrial average down to 560.28 on Thursday. June 14. It was the lowest close since December 1958. Next day there was a predictable rebound, as short sellers moved in to replace at bargain prices stock that they had borrowed when it was higher. Even so, the Dow-Jones index rose only to 578.18-which left it off 23 points for the week...
Once again the stocks that took "the worst pummeling were the formerly high-riding "growth" issues. Though it ended the week at 333½ IBM (1962 high: 578) plummeted to 300 on Thursday-at which point, the Wall Street Journal caustically noted, its yield to investors rose to 1%. Polaroid (1962 high: 221) dropped from 109¼ at the beginning of the week to 81½ on Thursday, closed on Friday at 98. Even blue-chip A.T.& T. had a hard week, sliding from 109 to 105⅞. Said Sidney B. Lurie, a partner in Manhattan's Joseph-thai...
...Since Gilbert presumably bought most of his Celotex stock on margin or had used it as security for loans to buy still more, he stood to see it sold out from under him unless he could raise more collateral. Evidently assuming that he could make restitution when the market rose again, he began writing out checks, and with remarkable ease persuaded other Bruce officers to countersign them...