Word: telegraphs
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...went up; so did glamor stocks Itek, Scientific Data and Ampex. Where there were big drops, there was an obvious reason. American Broadcasting Co. fell 141 points following an announcement in Washington by the Justice Department that it would oppose the merger of ABC and International Telephone & Telegraph (ITT, on the other hand, finished the week 1 point ahead...
...they went up, they were torn down and replaced with signs proclaiming that anyone against Chou ought to have "his head bashed in." Foreign Minister Chen Yi, considered a Mao man, was also attacked. When Reuters attempted to file a report of the attack on Chou, the Peking telegraph office refused to send it. Since the Red Chinese seldom censor anything that foreign reporters cable, Chou obviously has admirers somewhere. So Byzantine has the name calling become that last week for the first time even Mao himself was vilified in scattered posters calling him "a fanatic...
...astonishment even in socialist Britain. The Economist said that the "Galbraithian heresy" about the end of the marketplace "sits rather oddly beside the experience of the past 20 years, which have seen a wider array of entirely new consumer goods than in any other two decades before." The Daily Telegraph editorialized that Galbraith's propositions were based on "sleight of mouth." Economist Colin Clark was amazed at Galbraith's "grand and illusory dreams of all-powerful industrial corporations untouched by competition," and suggested that he observe a "cautious unwillingness to extend theory beyond its safe limits...
...passing the bill, Britain moved far beyond the pattern in the U.S., where only Illinois has legalized private acts. All major European countries except West Germany have eased restrictions on homosexuals. Most Britons seemed relieved that the matter was finally settled. As the London Daily Telegraph later reported, the House was glad to get "this confounded measure out of the way at last...
...trying to improve its financial condition, however, the Guardian may be adding to its journalistic troubles. It already has far fewer reporters than either of its direct morning competitors-the Times and the Daily Telegraph-and it is being criticized for running too many features and too little news...