Word: stating
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Dates: during 1950-1959
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...week, at the annual meeting in Munich, I.O.C. delegates caved in, voted to expel the Nationalists as the first step toward accepting Red China as "the representative of China." If the Nationalists wanted to reapply as representatives of Formosa, the I.O.C. indicated, they would be accepted. Snapped the U.S. State Department: "Totally inconsistent with [the Olympics'] nonpolitical tradition...
Helping the bull markets is the fact that governments publicly encourage share ownership by the little man. The West German government has begun to sell shares of state-held companies to middle-class investors in a bold step toward denationalization (TiME. April 13). But markets are so thin that a little buying can send a stock to giddy heights. Four-fifths of West German corporate stock, for example, are locked in institutional portfolios. Companies are reluctant to float more because of heavy taxes. Daimler-Benz has 93% of its stock in the hands of institutions and other companies...
...company, with headquarters in Newark, N.J., won approval by the New Jersey senate of bills, previously okayed by the general assembly, allowing the sale of variable annuities. (Governor Robert B. Meyner is expected to sign the bills. ) In getting the first such state law, the Pru opened the door to sale of the policies by major insurance companies. To date, only three small companies have experimented with the policies in other states that have no laws regulating them...
...doubt that other big insurance companies will have to institute variable annuities to meet competition when the Pru begins in some months. Still to be drawn up are the New Jersey Banking and Insurance department regulations governing the sale of variable annuities. Once the policies are approved on the state level, a recent Supreme Court ruling requires that they be registered with the Securities and Exchange Commission...
...Smith & Ows Poll. In the T.R. tradition, Ted Roosevelt leaped into postwar politics and made a success at it. He was elected and re-elected to the New York state assembly, wife Eleanor making 26 speeches on his behalf. He also helped found the American Legion. Like T.R., he was appointed Assistant Secretary of the Navy-but where T.R. had used the job at century's turn to build up the fleet, Ted, in normalcy 1921-24, had to preside over disarmament negotiations. And when, in 1924, Ted put on a 15-speech -a-day campaign with the same...