Word: shedding
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Dates: during 1960-1969
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Though last week's hearings barely scratched the surface of Wall Street's rate structure, broker witnesses shed some light on how much give ups cost them. Van Vechten Burger, managing partner of Manhattan's Pershing & Co., testified that his firm routinely handles stock orders from mutual funds for only 25% of the fee set by the Big Board, passes on 75% to other exchange members. Last year, he said, Pershing thus surrendered some $6.9 million of its $9.7 million take from mutual-fund and other institutional trading. Michael J. Heaney, a floor partner at the American...
...Jewel Tea Co. consisted of little more than a chain of Chicago-area supermarkets. Then it began branching into other lines and locations. Renamed the Jewel Companies, it has grown into a diverse, sprawling operation that Wall Street analysts now call a "retail conglomerate." Only too happy to shed the food-chain label, Jewel President Donald S. Perkins, 41, prefers to think of his new-look company as a general merchandiser serving "whatever needs the consumer may have...
...many, the only solace was tears openly shed. Not just for the young and the dispossessed, but for countless people who watched and waited from a distance and scores of tough-minded men whose lives had become intertwined with his. Richard Cardinal Cushing, witness and minister to so much Kennedy sorrow, concluded: "All I can say is, good Lord, what is this all about? We could continue our prayers that it would never happen again, but we did that before...
Back to the potting shed went IR8's developers at the U.S.-sponsored International Rice Research Institute in the Philippines. By slow, painstaking crossbreeding with other varieties of rice, they gradually enhanced IR8's strong qualities and got rid of its weaknesses. As a result, IR8 is now beginning to live up to its potential. A few months ago, it was joined by IR5-47-2, a related variety that requires less fertilizer and is less susceptible to disease. Delighted with their new hybrids, the researchers are convinced that some biological kin of IR8 will eventually become Asia...
Kennedy also acquired notoriety in the 1950's which he has yet to shed. As his brother's political "no-man," as an aide for several months to Senator Joseph R. McCarthy, and as the interrogator of labor racketeers for the Senate Rackets Subcommittee, Bob Kennedy picked up a reputation for a sort of brash, hard-driving, often seemingly blind moralism...