Word: skid
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Dates: during 1960-1969
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...come from regular hospital donors-medical students, nurses, technicians and outside contributors. All were tested and found free from malaria, as was one commercial donor. The three others could not be found at the addresses they had given. One of those addresses was on Manhattan's traditional Skid Row, the Bowery...
...which, beginning with Manhattan's Lever House, made stark glass-and-steel structures into the silhouette of U.S. business prestige; after a long illness; in Winter Haven, Fla. From the firm's start in 1936 until his retirement because of ill-health in 1955, dapper, Indiana-born "Skid" set his sights by Mies van der Rohe's hard-edged lines, attracted some of the nation's top architects into S.O.M.'s aggressive, 600-man team that since 1945 has designed $2.5 billion worth of buildings from the U.S. Air Force Academy to Chicago...
...sooner had Gilbert fled to Brazil than a New York building materials firm named the Ruberoid Co. decided to make a try for Celotex. It offered to buy 350,000 Celotex shares at $25 apiece-which was 8¾ above Celotex's lowest price after the Blue Monday skid but 17⅜ below the 1962 high of 42⅜ that the stock hit during Gilbert's maneuvers last February. Last week cool, lanky James Willis Walter, 39, founder of Tampa, Fla.'s Jim Walter Corp.-which he has parlayed from a $400 loan into the nation...
Usually he is alone, brooding over the collapse of his financial empire (TIME, June 22) in the aftermath of Wall Street's Blue Monday skid. But last week Eddy had a companion-handsome, French-born Olivier Coquelin, 32. Coquelin is the manager of a Manhattan cafè society watering spot called Le Club, where Eddy, bedazzled by a "board of governors" that includes Noel Coward, Rex Harrison and the Duke of Bedford, was an eager member. Said the loyal Olivier: "I have come to see zat Eddee does not go to zee dogs...
What is the small investor going to do with the extra money he does not put into the market? Since stock prices began to skid six months ago, many people have retreated to the safety of savings accounts and insurance policies. The Federal Home Loan Bank last week reported that in the first quarter of this year, savings of all kinds climbed a record $8.9 billion to nearly $346 billion. Other investors, reluctant to leave the excitement of the market altogether, have been turning to mutual funds in the hope that professional investment management will see them through...