Word: scandalizer
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Dates: during 1960-1969
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...foreign businessmen think that the U.S. should be expanding much faster economically-and many say that tax cuts would be a good way to spur expansion. Some argue that the Kennedy Administration should prune Government expenditures to make up the loss in revenue. "The U.S. farm scandal has gained notoriety even in Europe," says Frederic Bates. . . director of the Union Bank of Switzerland...
Through months of tension heightened by the Billie Sol Estes scandal and the defeat of his farm bill, Agriculture Secretary Orville Freeman has managed to keep surprisingly cool and collected. Last week he exploded with a loud political bang-and sent his shrapnel spraying over the Republican Party...
...Security. Jim Walter moved in at the right time. Fortnight ago, he secretly set three Wall Street firms to buying blocks of Celotex from holders who had been disillusioned when the Eddy Gilbert scandal sent Celotex prices tumbling. Then, after winging off to Chicago to tell Celotex directors of his plan, he arranged a surprising piece of financing. Largely on the strength of a spotless credit record established by huge borrowings to finance his home buyers, Walter persuaded a syndicate headed by New York's First National City Bank to give him a longterm, unsecured loan of $10 million...
Almost Grateful. Appearing before Senator John McClellan's Investigations Subcommittee, beleaguered Agriculture Secretary Orville Freeman seemed almost grateful for the week's first scandal. Though there to testify about Estes, he insisted on talking about a new discovery by the Government's General Accounting Office. In 1959 and 1960. the office had found, brokers licensed by the Agriculture Department to purchase surplus cotton for the Government and sell it on the open market had profited illegally by selling $400 million worth to themselves-at prices as much as $20 a bale below market. Cost to the Government...
...worth of illegal rice-allotment sales in Texas' Brazoria and Matagorda counties over the past three years. Both cotton and rice allotments are valuable, since without them farmers are subject to unprofitably stiff penalties for planting and marketing-but their sale is distinctly illegal. Smarting at the new scandal. Freeman turned the case over to the FBI. The big question: Will the rice scandal spread across the Texas coastal rice belt...