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...late 1920s, Al Smith's good friend John J. Raskob, who then functioned simultaneously as an officer of Du Pont and General Motors, shocked the investment world by allowing that under favorable circumstances a stock might be worth as much as 15 times earnings. (Despite this bullish tenet, Raskob, like the President's father, Joseph Kennedy, saw the 1929 crash coming; unlike Kennedy, he did not sell short soon enough to make a killing.) Raskob's 15-times-earnings ratio became an accepted rule of thumb almost immediately, but the unfavorable circumstances of the Depression pressed...

Author: /time Magazine | Title: Wall Street: One Hectic Week | 6/1/1962 | See Source »

...important tenet of Southern bigotry has always been the belief that the "Negro problem" rather than being restricted to the South, follows the Negro where-ever he goes. It is, in the opinion of the segregationist a problem of the race and not the region. The movement recently inaugurated by the White Citizens Council of New Orleans financing one way trips North for dissatisfied Negroes, is a dramatic demonstration of such blindness. Perhaps only the most naive of these White Citizens really believe that the civil rights dilemma in the South can finally be solved by eliminating the area...

Author: NO WRITER ATTRIBUTED | Title: Freedom C.O.D. | 5/17/1962 | See Source »

...extreme conservative politics as an expression of simplistic utopianism--a feeble-minded attempt to solve complex problems by naively facile means. From one point of view this may be quite true. One does indeed find it difficult in the mid-20th century to envisage the actualization of a conservative tenet such as total laissez-faire. But taken alone, this interpretation of conservatism fails to comprehend the almost subtle philosophical rationality behind the movement...

Author: By Michael S. Gruen, | Title: Campus Conservatives--lose Argument, Few Facts | 3/23/1962 | See Source »

...Stennis hearings were aimed at trying to resolve a conflict that has existed throughout the life of the republic. Freedom of speech is a basic right of every U.S. citizen-and that right presumably extends even to military leaders. But civilian control over the military is another fundamental tenet of U.S. Government; to be effective, it must include restraint of generals and admirals in their public pronouncements...

Author: /time Magazine | Title: Investigations: The Muzzled Military | 2/2/1962 | See Source »

...conservative," Morse said, "but what are we really trying to conserve?" A firm belief in individualism is the main tenet of conservatism, he asserted. He cited concern over national purpose and said, "The United States was created so men may live in liberty. If the Party has a purpose, it should be a dedication to the preservation and advance of freedom...

Author: NO WRITER ATTRIBUTED | Title: Morse Assails False Conception Of Key Republican Party Stands | 11/3/1961 | See Source »

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