Word: trusts
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Dates: during 1960-1969
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There is no rule of politics that says a U.S. President has to get along with the country's intellectual community. Few Presidents have done so, although most of them have tried-notably, Franklin Roosevelt with his Brain Trust, Kennedy with his White House stable of bright young Harvardmen. Even Lyndon Johnson sought to establish a rapport with the academic world. Last week that link was broken with the resignation of Dr. Eric F. Goldman, 51, who since 1964 had served the Administration as a part-time intellectual-in-residence. That raised a question: Would Johnson, whose appreciation...
Beyond his staff, Kennedy often relies on a wholly informal brain trust-hardly a cabal, but a loose network of friendships acquired during his 15 years in politics. Foreign affairs? He may get help from Richard Goodwin, who wrote both J.F.K.'s "Alliance for Progress" and Johnson's "Great Society" speeches, or from Historian Arthur Schlesinger Jr., who is also known as the best gagwriter of the lot. Military strategy? Roswell Gilpatric, ex-Deputy Secretary of Defense, may offer suggestions. Civil rights? Burke Marshall, Bobby's civil rights chief at Justice and now IBM's general...
...Cross cards. But such abuses are now insignificant-thanks to more responsible screening of applicants and automated accounting techniques-even though credit keeps expanding. In department-store charge accounts, the default rate is only 1 % or 2%. The U.S. lives in a credit economy that is essentially based on trust and responsibility...
...Balance Sheet. In a nation with a 25% literacy rate, the Parsis can boast that more than 90% of the sect's members can read and write. Despite the widespread hunger and poverty of India, the Parsi poor rarely starve; in the city of Bombay alone, one trust established by wealthy members of the sect provides low-income housing for more than 6,000 Parsi families and welfare payments for the unemployed...
...affiliation is commemorated by a plaque in the luxuriously carpeted vestry room. Later, such wealthy worshipers as John Jacob Astor contributed more marketable assets than whales to Trinity. Today, a vestry that includes New York Stock Exchange President Keith Funston and George A. Murphy, board chairman of the Irving Trust Co., carefully shepherds an investment portfolio that helps pay the salaries of a 150-man staff, including 25 priests...