Word: townsend
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...asked what Medicare would cost. Secretary Flemming's guesstimate: $1.2 billion annually, split fifty-fifty by federal and state governments. What would it cost by 1970? Flemming shrugged, said his staff was still calculating. "This is the worst kind of fiscal irresponsibility," cried Virginia Democrat Burr Harrison. "This Townsend Plan-Rube Goldberg scheme is more socialistic and more unsound than the Forand bill." Quipped another Democrat: "This plan calls for everything except prenatal care for persons over 65." Chairman Wilbur Mills, an Arkansas Democrat who has long supported Ike's crusades for a balanced budget, was boiling...
...Does What. When the Slaytons stepped out under SEC fire, the control of Managed Funds was up for grabs. A New Jersey mutual-fund and investment operator, Morris M. Townsend, moved in quickly, took an option to buy the old Slayton sales firms if he won the proxy battle, hired Slayton salesmen to sell Managed Funds shareholders the Townsend case. The Channing Corp., headed by Kenneth S. Van Strum, which operates eight mutual funds worth $218 million, challenged Townsend. It pointed out to Managed Funds' stockholders that, if Townsend won, the Slaytons would reap another profit through the sale...
...means certain" that Margaret would ever marry. When he went to stay with the royal family at Balmoral last summer and at Sandringham this winter, everyone concluded it was just a case of "Tony's taking some more of his pictures." In contrast with Group Captain Peter Townsend, whom Margaret renounced in 1955 because he was a divorced man, Tony Armstrong-Jones maintained total secrecy about his courtship...
...memory of her unhappy 1955 announcement that she "would like it to be known" that she was not marrying Townsend, and the subsequent fear that she might become the unmarried daughter who stayed at home with mother, that made everyone pleased by the news. The Archbishop of Canterbury had no objections this time. Queen Elizabeth and Prince Philip were reported "delighted" because it was "such an obviously happy match." A plainer reaction everywhere was "Thank heaven, Margaret's not going to marry some aristocratic chinless wonder...
...Island, Va., which were equipped to leave a trail of luminous sodium vapor. Observation of the vapor trails showed that above 80 miles, thin winds from the southwest were blowing at the astounding speed of 600 m.p.h. No cause is known for these in credible winds, but John W. Townsend of NASA conjectured that high, warm winds from the south might be the cause of the sudden warm spells that sometimes occur in the middle of the Northern Hemisphere's winters...