Word: shermans
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...most disturbing aspects of the LSD binge is that it has hit high schools and prep schools. A 17-year-old user reports that there is a sales ring in his Sherman Oaks school pushing LSD at a penny a microgram. The usual dose of the pure chemical, used by psychiatric investigators, is 100 mcg. (1/300,000th of an ounce), but even junior acid heads boast of taking walloping overdoses. "I've taken as much as 500 micrograms," says one youthful user. "At least that's what I paid...
...Barbara Dana, are about to become parents in name only. Their immediate life plan consists of divorce for themselves, adoption for their unborn child. In intellectual hock to his psychoanalyst, Beau has convinced Barbara that he and she are emotionally unready for parenthood. A hotter squarehead prevails. Hiram Sherman is a proper-minded homosexual, more censorious than Cato the Elder. He has raised Beau since the lad was a 15-year-old pickup in a gay bar, and he is disgusted with Beau's flibbertigibbet irresponsibility. Sherman's performance is an up tick in a dramatic bear market...
First, he will probably rely on the Federal Reserve Board to further tighten the money supply. Last week Board Member Sherman Maisel, a Johnson appointee who had voted against last December's increase in the discount rate, surprisingly called on bankers to hold back loans for excessive inventory buying or plant expansion. Still another rise in the discount rate is by no means out of the question...
Riches to Riches. Fairchild Camera was started as an aerial survey firm by an inspired tinkerer, Sherman M. Fairchild, now 69. His rise from riches to riches is an enduring business legend (TIME cover, July 25, 1960). Fairchild's father was the first chairman of Inter national Business Machines and made him by inheritance the largest single stockholder in IBM (167.000 shares now worth $85.5 million). Besides refining his taste for good living and pretty girls, Fairchild tended his investments wisely, personally developed the first plane with an enclosed cabin (the FC-1), manufactured the C-119 Flying Boxcar...
...rough 250-pounder who proclaimed shortly after taking over: "I know how to handle a sick company." Carter was lured from a Corning Glass vice-presidency nine years ago with a stock option offer of 23,800 shares (he now owns 52,250 shares worth almost $11 million). Sherman Fairchild withdrew discreetly to the board, has been more concerned with his chairmanship of the completely separate Fairchild Hiller aerospace firm, which recently bought Republic Aviation...