Word: trusts
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Dates: during 1960-1969
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...have seen too much of international affairs to suppose that just because no favorable solution to a problem is visible or conceivable at a given moment, none will ever be found; and I am too well aware of my own tendency to pessimism to place full trust in my poor powers of analysis...
Died. Thomas S. Lament, 68, retired vice chairman of the board of Morgan Guaranty Trust Co. and one of the last links with the freewheeling Morgan era of U.S. banking; after open-heart surgery; in Manhattan. The son of one of Morgan's closest associates, Lament went to work for J. P. Morgan & Co. in 1922, becoming a director and vice president in 1940, was prominent in the 1959 merger with the Guaranty Trust Co. to form the nation's fourth largest bank (current assets: $7.6 billion), then retired in 1964 to the somewhat less rigorous life...
...have candid interviews with ordinary people, Lederer uses unconventional techniques. In Thailand, for example, he and his student interpreters go to a "noodle stand" -- an after-work social club--where, Lederer will have his palm read (an obsession among Thais) to gain peoples' trust and "to show them that you are not trying to catch them." After his palm has been read, Lederer, with the help of his students, reads palms himself and starts asking questions. "When I ask a man what he would most like to win, he may say a lottery, so that he will have some money...
Lamont, vice-chairman of the Morgan Guarantee Trust Company and a Fellow of the Harvard Corporation, wrote in his will that there is an "ever more impelling need for continuous improvement in the standards of American schools and colleges" for which corporations often provide too little financial support...
...Peace Corps and academic styles as well, and outside the campus, from the Old and New Left, the New Theologists, and the remaining minorities. The essential theme, however, is one of students by themselves largely isolated from external groups. They ask for little help, as the slogan "don't trust anyone over 30" implies...