Word: slackly
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Dates: during 1960-1969
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Under Arthur Krock and James Reston, the Times's outpost in the capital grew into an independent fiefdom, often brilliant but sometimes slack and slow compared with less lofty competitors. Complaints along these lines from New York headquarters were brushed aside almost as a matter of principle. In 1964, Reston acquired the pulpit of a full-time pundit, and was replaced as bureau chief by Tom Wicker, a top reporter, occasional columnist and indifferent administrator...
...clutter of armoires and grandfather clocks, quaint archaic radios and phonographs, fringed lampshades and a golden harp. A man in a policeman's uniform slowly enters the attic room and sniffs the dust of decades. He walks over to the harp and plucks at a string. It is slack, jangled and flat-an omen of the theatrical evening to come...
...officers themselves-mostly reservists eager to return to civilian life-were "living in extreme messiness," and they barely deigned to say "Aye, aye, sir." Though the Vance had won an E for engineering excellence and performed commendably on lonely, months-long patrols in the northern Pacific, she seemed a slack ship to Arnheiter's eye, and only "a taut ship is a happy ship." Arnheiter was up-taut himself: a Naval Academy "ring-knocker" he was passed over once for lieutenant and at 40 was one of the oldest Annapolis men of his rank with command responsibility. Aware that...
Taking Up the Slack. After President Johnson set up his program of voluntary restraints on the flow of U.S. investment abroad in 1965, hitting the European capital market through a Luxembourg holding company came into vogue among U.S. companies. Mobil Oil, the first to be enticed, organized Mobil Oil Holdings, S.A., and in June 1965 floated a $28 million bond issue to finance foreign operations. Uniroyal, Bankers Trust, Du Pont, Alcoa, Honeywell, ITT, and Standard Oil (Indiana), among others, followed Mobil's lead...
...companies has been tapering off since last year, when American Cyanamid discovered it was simpler to raise money through a Delaware holding company, which does not have to withhold tax if 80% of its business is done outside the U.S. But European firms are more than taking up the slack. Germany's AEG, Thyssen, Siemens and Hoechst, for example, have moved in to escape the 25% withholding tax at home on interest paid to foreign holders of German bonds. The roster has grown to 32 companies, almost all in the big leagues...