Word: timings
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Dates: during 1960-1969
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...growth of little churches, or quasi churches, within the parent bodies. Such religious groups could be like the Christian underground or "liberated" churches. Ecumenism may well be halted at the formal institutional level as various denominations grow to cherish their distinctive characteristics all over again. At the same time, there will be more interfaith communication among individuals and among local churches...
...time capsule recording the rot of American TV might well include the tape of the Dec. 17 Tonight show. Within that dispiriting 90-minute reel were a cough-medicine commercial, Phyllis Diller's laugh, and the on-the-air wedding of Tiny Tim, the fortyish boy soprano, to his 17-year-old Miss Vicki Budinger...
...purge is a result of last spring's attempted takeover of Goodrich by Ben Heineman's Chicago-based Northwest Industries. Goodrich waged a successful defense [TIME, May 23] that has become a classic in corporate tactics. But Northwest emerged as the largest single stockholder, with 16% of Goodrich's shares. That was a sufficient threat to spur Goodrich's chairman, Ward Keener, to make good on his promise in the heat of the takeover battle to "improve profit margins...
...London market last week, the price of privately traded gold dipped to $34.80 per ounce for the first time since it was freed to find its own level 22 months ago. The decline, from a high of $43.80 as recently as last March, represented a resounding defeat for speculators and for theorists who had argued that the official price of gold should be raised and the dollar should be devalued. It was a victory for the U.S. and for those moneymen who believe that gold's power in world affairs should be diminished...
Clausen grew up in Hamilton, Ill., where his father, a Norwegian immigrant, owned and edited the local paper. He studied law at the University of Minnesota (LL.B., '49), and got a part-time job counting cash at the Bank of America while preparing for bar exams. After he passed, he decided to become a banker rather than a lawyer. He rose rapidly through a succession of lending jobs, many of them involving the financing of corporate mergers and takeovers. Clausen owes his big promotion partly to the fact that he is eleven years younger than his chief rival, Executive...