Word: trusted
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Dates: during 1970-1979
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...policy advisers, and has an open invitation from Carter to attend every meeting with visiting world leaders. Declared the President: "There is no one who would approach him in his importance to me, his closeness to me and his ability to carry out a singular assignment with my complete trust...
Still, much of the trust's growth is the result of Ball's ability to buy or start businesses cheap and build them into moneymakers. For example, there is the estate's controlling interest in St. Joe Paper Co., which Ball founded and expanded until today it is practically a private holding company itself. St. Joe controls a score of paper mills and boxmaking plants in the U.S., Britain and Ireland, two profitable railroads, the Florida East Coast and the Apalachicola Northern, and owns 23% of Charter Co., a Jacksonville-based conglomerate that is in myriad undertakings...
...trustee. Mills charges that Ball, who has suffered four heart attacks and undergone two cataract operations, is not physically up to the job. Mills and Dent also criticize Ball's urge to go on expanding the estate by putting so much of its earnings back into the trust's varied enterprises and not enough into charity. They insist the will stipulates that earnings from the estate be used to aid the crippled children of Delaware, a research institute and a hospital. For starters, Mills and Dent want the estate to sell off St. Joe Paper...
...blend his special strengths into a formula for leadership. Franklin Roosevelt prided himself on his ability to charm and convince. Truman had a remarkable sense of history, and he had good-sense guts. Ike had perhaps the most refined sense of honor of any modern President. He trusted the system, he trusted the American people, and they in turn returned that trust. John Kennedy had style, some substance and a lot of combativeness. Nixon knew power and the world, and for a spell that appeared to be enough. Jerry Ford vetoed bills and kept his cool, and there emerged from...
Beryl Sprinkel, executive vice president of Harris Trust & Savings Bank in Chicago and a member of TIME's Board of Economists, suggests a third reason: the Fed sets targets for both money-supply growth and interest rates, and it has had great difficulty in choosing goals that are consistent with each other. For example, it may try to keep the "Fed funds" rate -the rate on reserves that banks lend to each other-at around 6%. But it may then find that in order to prevent the rate from rising above that, it has to pump reserves into...