Word: sharing
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Dates: during 1960-1969
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JAMES THOMSON, 61, who never sold a share of stock but is now president of the world's largest brokerage firm and has massive economic responsibility. See the cover story in U. S. BUSINESS...
Quotas or Ghettos. Part of the problem, of course, is to persuade Negroes not to inundate one area out of proportion to their 10% share of the population. In the New York suburb of Hempstead, front lawns were forested with FOR SALE signs after the first Negroes arrived, and there were fears that the neighborhood might turn into a suburban ghetto. But calmer residents decided to hang" on. Forming a community association, they saved their hardest sell for prospective white buyers to replace families that had left, urged Negroes to avoid a wholesale rush into the area. Given a choice...
...Mollenhoff sees it, of course, it is just the other way round. Though many of his colleagues as well as his targets share Johnson's view, Mollenhoff figures that the s.o.b.s are the ones he is after. To him, there are no holds barred when he is digging. He once hounded a locked-door session of a board of supervisors in his home state of Iowa by climbing onto the second-story ledge of the courthouse and later wriggling through a cornfield to eavesdrop on his prey in a farmhouse; they felt so harassed that they finally abandoned closed...
...surprise exception: the Reader's Digest's 11% drop in ad revenues. Such varied magazines as Cosmopolitan, Teen and Motor Trend all announced revenue increases of more than 50%. Hugh (Playboy) Hefner's HMH Publishing did well enough to declare its first cash dividend, 75? per share, though it was a bit like transferring cash from one pocket to the other. Hefner himself owns 80% of the stock, giving him a personal, first-half profit of roughly...
...Congress, it turned out, would be more than pleased to give Lyndon Johnson special permission to order the machinists back to work. But Lyndon did not share that enthusiasm. He wanted Congress to take the political responsibility for a back-to-work order. Compromise after compromise was tried, to the point that Senate Majority Leader Mike Mansfield once glanced down at his paper-littered desk and confessed that there were so many compromises in the works, he just didn't know which was the current order of business...