Word: size
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Dates: during 1960-1969
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...come you got married?" "Well, I was booked into Peoria and it was raining." Today that humor is as stale as the idea of Peoria as a backwater of national life. The Peoria of 1966 welcomes more foreign visitors than just about any other U.S. city of its size (pop. 133,000), and sends its citizens abroad to range the world. The bartender at the Pere Marquette Hotel routinely makes change for pounds, francs or marks proffered by the growing number of international customers of Peoria's thriving Caterpillar Tractor Co., the U.S.'s single biggest exporter...
Time was, any concert soloist worth his cadenza had to spend several long, lean years on the road building a reputation. Today, budding virtuosos are rerouting their careers to take advantage of a new short cut to instant success: contests. More combat than competition, music tournaments have grown in size and importance to the point where there is a contest among contests, each one claiming to be more prestigious than the next. But when it comes to money, none can match Fort Worth's Van Cliburn International Quadrennial Piano Competition, which offers a top prize...
...Board practice, actual stock prices are published, not including the fixed broker's commission. By contrast, an over-the-counter stock quoted at $40.50, including a 3% "retail markup," is actually worth $39.25. Because the buyer never knows the size of the hidden markup, the SEC said that the practice is deceptive and urged the National Association of Securities Dealers to publish true prices instead. The NASD objected, arguing that this practice would drastically cut profits and drive small dealers out of business...
Prestige on the Line. In past months Government spokesmen have denounced settlements of that size as being inflationary. But this time the Administration seemed downright pleased - as well it might, since it had placed its own prestige squarely on the line...
...when the bank began backing home-repair work, peddled on the installment plan by a number of Detroit building concerns to lowincome, high-risk customers. In all, Public had committed $66 million to such risky loans-a dangerously high amount for a bank of Public's size. Too many of the loans turned sour. McGuire admitted that $1,000,000 alone was lost in defaulted commercial paper bought from four local building outfits; as it happened, Public Bank Director Harry Granader was a part owner of all four companies...