Word: telegrapher
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Dates: during 1960-1969
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...money supply, bond interest rates soared so rapidly last month that one issue after another proved unsalable at its offering price. At the height of that pinch, investors even spurned half of a 61% issue by such a blue-chip utility as Southern California Edison, and American Telephone & Telegraph's new $250 million bond issue sold at a stunning 5qr% discount, thus offering a 5.96% return. That is the highest yield for any prime U.S. corporate bond since...
...epithet not to be taken too seriously. Avis is now a wholly owned subsidiary of International Telephone & Telegraph Corp. (TIME, Jan. 22, 1965), which gives it more monetary backing than Hertz has ever...
...youth extends to the paper's regular staff as well. Poynter himself is 62, and his executive editor, Don Baldwin, is 48. But after them, the editorial brass are all relative youngsters-a 25-year-old city editor, a 30-year-old sports editor, a 24-year-old telegraph editor. Last month the paper got a new managing editor, Bob Haiman, 30. The Times needed a new managing editor because the old one, Cort Anderson, 30, had been chosen for a top Cowles editorial slot on a new paper being considered for Suffolk County...
...held their breath. Harold Hobson in the Sunday Times said of Osborne: "He is not only our most important dramatist; he is also our chief prophet." According to Ronald Bryden of the Observer, "the effect of A Bond Honoured in performance is marvelously theatrical." Alan Brien of the Sunday Telegraph thought it "a serious, ambitious and valuable play which matures in the memory and fertilizes the imagination," while for Milton Shulman in the Evening Standard, it was "a stunning parable with a magnificent theatrical impact." Perhaps TIME will honor its bond with fair reportage by letting these voices be heard...
...courtlike Washington chamber last week, there began a hearing that very directly affects the fortunes of the world's biggest corporation and 2,840,500 investors. The Government's long-awaited investigation of the American Telephone & Telegraph Co. was under way. For perhaps the next two years, the seven-member Federal Communications Commission will hear hundreds of witnesses and weigh tons of documents to determine what should be reasonable rates and profits for a company that is really a tolerated monopoly. Last week Bell got in first licks. Far from earning an excessive profit, argued Vice President...