Word: telegrapher
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...Landa brought with him a former publicity man and legman for Drew Pearson named David Karr, who deftly worked his way into the president's chair when Landa vacated it in 1959. Karr then moved himself up to chairman and brought in George A. Strichman from International Telephone & Telegraph Corp. to be president. Last week it was Karr's turn to go. After a bitter attempt to hold on, he was forced to resign by Fairbanks Whitney's board. The new chairman and president: George A. Strichman...
...Suede Shoe Act. Politically, though a Daily Telegraph Gallup poll last week gave the Labor Party a record 13% lead over the Tories, the Common Market, and Macmillan's appeal to "work together," were the kind of things that traditionally rallied Britons behind their government. As if to demonstrate his composure, the Prime Minister showed up for a grueling House of Commons debate on the Nassau pact wearing a jauntily informal tweed suit and suede shoes. To Opposition cries that Britain cannot afford to replace its bomber force with a fleet of Polaris-armed nuclear submarines (estimated cost...
Brazil's recent practice of expropriating U.S. companies was proving both expensive and risky. In February 1962, the state government in Rio Grande do Sul expropriated Companhia Telefônica Nacional, an International Telephone and Telegraph subsidiary. Five months later, the governor of Pernambuco took over a subsidiary of American & Foreign Power Co., Pernambuco Tramways and Power Co. In both cases, the companies received little or no payment, while the companies' legal protests ground their way through Brazil's agonizingly slow courts-years and perhaps decades away from firm settlement. Last week, suddenly, both companies were near...
Youth's rebellious mood was measured by a Daily Telegraph Gallup poll, which reported recently that 45% of the under-25 generation would leave Britain if they could. To the government's dismay, 3,300 highly trained scientists and engineers migrated to the U.S. between 1957 and 1961; 250 Ph.D.s, whose training cost the nation $28,000 each, go each year...
...where the gross national product actually dropped 10% last year, some 35 U.S. companies have recently canceled investment plans. New investment in Brazil has been discouraged by a law that prohibits foreign companies from withdrawing any profits above 10% of invested capital and by expropriation of an International Telephone & Telegraph facility in Rio Grande...