Word: spared
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Dates: during 1960-1969
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Mike Mansfield knows that only too well. The spare (6-ft., 175-lb.) Montana Democrat has a 67-to-33 majority to work with, biggest since 1939. But on many issues-notably civil rights and Government spending-Mansfield's majority is not a majority at all. During last year's session, about 20 conservative Democrats joined with Republicans on roughly one-fifth of the Senate's bills. This brings into critical question the ability of a Democratic majority, no matter what its size, to achieve effective control of the Senate on some of the crucial issues...
...ready to send troops but demanded that at least one other neutral, non-NATO nation join the operation as well. Finland would fill the bill, but could not immediately because President Urho Kekkonen was out of the country. Brazil, torn by domestic unrest and a faltering economy, could not spare even a battalion. That left Austria and Ireland. But Austria, trapped by a Cabinet crisis, was without a government, and Ireland was willing to play follower, not leader...
Automobile carburetors have little in common with the visionary paintings of Paul Klee, but Arnold Maremont is a devoted connoisseur of both. Mare mont, 59, is president of Chicago's Maremont Corp., a leader in the greasy, $7 billion business of making spare parts for old cars. Yet he runs his firm from a low ebony coffee-table desk, surrounded by modern paintings and chairs by Mies van der Rohe, is as elegant and impeccably dressed as if he were managing Tiffany's. All this seems to help: he has built Maremont's sales from $30 million...
...Scheme. Until five years ago, Maremont Corp. was almost exclusively a maker of auto mufflers. Looking for broader fields, Arnold Maremont noted that the auto spare-parts business seemed to offer depression-proof growth. The number of cars on the road increases by at least 4,000,000 every year, and spare parts move even when new-car sales falter, because motorists must spend more to keep their old cars running. Maremont also noticed that Detroit auto companies supplied only 30% of the parts, while thousands of independents producing a jumble of reliable and unreliable products fought over the rest...
...another 14-year term as governor. Robertson agrees with Johnson that the thriving U.S. economy is not yet in a boom and thus needs no hike in interest rates to restrain its growth. Says he: "I don't intend to begin fighting inflation until inflation begins." The tall, spare Nebraskan fought the board's decision to raise stock-margin requirements from 50% to 70% last November (he wanted a 10% boost), and was the only member to vote against last July's discount rate hike from 3% to 3.5%. A lawyer of direct style and breezy...