Word: sanford
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...most popular alumnus on campus; in 1954, when he was Vice President of the U.S., the faculty voted against awarding him an honorary degree. Since 1974, the year he resigned as President, the school has kept his official portrait in a vault. But this summer Duke President Terry Sanford, a former Democratic Governor of North Carolina, began trying to acquire Nixon's presidential papers...
...transfusion of cash into new institutions is putting severe strains on some older ones. An estimated 90% of the 4,560 savings and loans are now losing money. Industry Analyst Jonathan E. Gray of Sanford C. Bernstein & Co. warns that, if interest rates do not abate, perhaps as many as one-third of them will close down in the next five years. Two weeks ago, the Economy Savings and Loan Association of Chicago became the first federally chartered institution to fail in a decade. Many other S and Ls will be forced to merge, as the stronger take over...
...Stuart Shields, the sixth largest U.S. broker. Said James D. Robinson III, 45, chairman of American Express, after the agreement was reached: "We used to say, 'Don't leave home without us.' Now we've added, 'Don't be home without us.' " Sanford I. Weill, 48, the Brooklyn-born chairman of Shearson, said that the combination would amount to nothing less than "the greatest financial services company in the world...
...pressure for changing the rules, Sanford is publishing a book in June, A Danger of Democracy (Westview Press; 184 pages), analyzing the selection process. In it he cites the need for "thinking delegates" who carefully deliberate on their choice for President. Like other critics of the present system, Sanford wants to liberate convention delegates from their rigid commitment to a particular candidate. Under the present system, the delegates have virtually no flexibility to adapt to changing political conditions once they are selected, says Sanford. "They are instructed and bound more precisely than when they were bound and driven...
...side benefit of the process as it is today is that it assures seats for women and minorities, who were underrepresented in the past. But that advantage may be illusory, says Sanford. Women and minorities are certainly more prominent at the conventions now, but he suggests that they have only the appearance of power. They have little room for maneuvering or expressing their own viewpoints; they are bound delegates. "Would it not be better if we had a system that would draw in women and minority delegates because each had an intellectual and political contribution to make, rather than because...