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Coming & Going. In the early 1950s, now confident of the boys' business abilities. Clint Sr. gradually turned over to them a loose entity called Murchison Brothers, which he had set up in 1942. In one shrewd deal after another, the brothers proceeded to acquire or build up housing projects from Florida to Los Angeles, construction-material companies in a dozen cities, land developments all across the U.S., two water systems, several insurance companies and a corralful of other properties. Not content with making the building supplies for the houses they construct, they build the roads and the streets over...

Author: /time Magazine | Title: High Finance: Texas on Wall Street | 6/16/1961 | See Source »

...moved into a fiercely competitive market; though Australian gasoline sales are increasing by nearly 10% a year, the country's 2,800,000 vehicles are already served by more than 20,000 gas stations operated by eleven oil companies. To head its new subsidiary, Phillips made a shrewd choice: onetime Prime Minister (for one month in 1941) Sir Arthur Fadden, 66. A plain-talking, party-loving Queenslander who led Australia's Country Party for 17 years. "Artful Artie" Fadden retired from Parliament in 1958 to run his own accountants' firm. He plans to offer half the initial...

Author: /time Magazine | Title: Business: Personal File: Jun. 9, 1961 | 6/9/1961 | See Source »

Cambridge readers of the New York Times were shocked yesterday to learn that their own McGeorge Bundy had betrayed them. The Times story related how a zealous Bundy had persuaded a reluctant President Kennedy that Harvard diplomas ought to be in English. His shrewd argument--"all students understand English"--was reported to have overcome Kennedy's "traditionalist" objections...

Author: NO WRITER ATTRIBUTED | Title: Mac Knifed | 5/17/1961 | See Source »

...Globemaster, a sprinter that had beaten Carry Back by 3¼ lengths in New York's $86,000 Wood Memorial. Carry Back, running lazily, was lodged deep in the pack in ninth place. "Clods kept coming up and hitting him in the face," explained Carry Back's shrewd little jockey, Johnny Sellers, "and he didn't like...

Author: /time Magazine | Title: Sport: Asked to Run | 5/12/1961 | See Source »

Hawaii-born Chinn Ho started out as a bank messenger after graduation from high school, jumped to a brokerage house, studied the stock market reports so dili gently that he became a customers' man. With his shrewd head for finance, Ho began to supervise a number of hui; he speculated in Philippine real estate, bought Waikiki land for as low as 40? a square foot. During World War II, he stepped up his operations, bought up choice Hawaiian land put on the market by islanders fearful of Japanese invasion...

Author: /time Magazine | Title: Business: Very Fast, Very Far | 5/5/1961 | See Source »

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