Word: southerns
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Dates: during 1960-1969
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Symbol of Revolt. Ironically, it was the violence of Martin Luther King's death rather than the nonviolence of his methods that ultimately broke the city's resistance. Loeb, 47, a wealthy Southern patrician-turned-politician, relented on the critical issue of union recognition only after the assassination and under concerted pressure from the White House (through Labor Under Secretary James Reynolds), civil rights and labor leaders, and his own increasingly irritated local establishment. While many white Memphians initially supported Loeb's stand, they soon fretted over their city's fading image and the threat...
While the hows and whys of the murder continued to elude the authorities, amateur assassinologists assumed from the start that King's death had been engineered by a group of white Southern racists. The plot, said some, was hatched in Birmingham; others maintained that it was a made-in-Memphis undertaking. The latter theory was given some support last week by a Memphian who told TIME and later the FBI that he had overheard a local businessman giving an unknown triggerman urgent orders to kill King on the balcony of his motel, and even specifying the price...
...over there at NYU and that they can shoot in subways and make a second story window look like the forty-seventh floor, but the film itself just isn't there over-and-above its elementary expertise. The winning cartoon, Marcello, I'm So Bored (John Milius; University of Southern California) tritely surveys familiar ground (wicked old Southern California) in Disneylike animation, drawings, and for the piece de resistance, a little photographic negative. That it says nothing and means nothing is troubling only because the negative footage looks well cut; one wonders why Milius didn't make something more consequential...
...three winners are Bernard Bailyn, Winthrop Professor of History, for The Ideological Origins of the American Revolution; Henry Allen Bullock of Texas Southern University for A History of Negro Education in the South from 1619 to the Present; and Richard L. Bushman '53 of Brigham Young University for From Puritan to Yankee: Character and the Social Order in Connecticut...
...Much Credit. The big trouble was that money flowed in at a rate that strained Lytton's ability to invest it profitably. The collapse of the Southern California real estate market hit Lytton Financial hard, forcing its two subsidiary S&Ls to dispose of $56 million worth of foreclosed property in 1966 and 1967 at a loss of nearly $11 million. They still have $46 million more of foreclosed property on their books. To keep the capital reserves of the subsidiaries at the required level, Lytton borrowed through his holding company and lent them the money. Even so, those...