Word: underwoods
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...large whitewashed studio in the London borough of Hammersmith works a wild-haired, chalk-faced old man who wryly likes to compare himself to the Prophet Elijah. "You have to pay for working alone for 40 years," Sculptor Leon Underwood says. "The ravens fed me; but since ravens do not have watches, they often came very irregularly." Today, at 71, Underwood does not have to depend so much on ravens. People have begun to buy his work, for when, after an eight-year hiatus, he finally consented to a one-man show in London two years ago, British critics raved...
...ordinary week. The Herald-Examiner's 40 reporters had once again discovered man's plight and told of it with inky excitement and a taste of gore. Then, in the din and jangle of their city room, they had submitted their findings to City Editor Agness ("Aggie") Underwood, who at 59 ranks unrivaled as the Ma Parker of American journalism...
...biggest industrial companies actually operated at a loss. General Dynamics, which lost a massive $143 million on its jet-transport debacle (TIME, Sept. 15 et seq.), led the red-ink list. It was followed by J.I. Case (loss: $32 million), Yuba Consolidated ($14 million), Ling-Temco-Vought ($13 million), Underwood ($9 million) and Hearst ($9 million). Of these seven heavy losers, all but Ling-Temco-Vought had also...
Most Italian businessmen seem to share Valerie's disdain for "those bureaucrats in Rome." After Olivetti's Underwood takeover, one industrialist exulted: "Americans used to come here as if they were visiting Black Africa, but they've learned a thing or two." To a man. North Italian businessmen dislike the "Italian miracle" phrase that the Italian press began to use some years ago. Says Leopoldo Pirelli, 36, third generation of his family to run the huge (1961 sales: $220 million) Pirelli rubber company: "There's more perspiration than is normally involved in a miracle." The secret...
...workers are the steadily mounting investments of foreign companies in the U.S. Long-term foreign investments in U.S. plants and real estate have doubled since 1950, now total $6.9 billion. The Italian balm supplied by Olivetti has eased the pains of the U.S.'s typewriter-making Underwood Corp., and other European giants such as France's glassmaking Saint-Gobain and Germany's chemical-making Bayer have opened U.S. branches with U.S. partners. One British real estate syndicate-Boston British Properties, Inc.-even intends to rejuvenate downtown Boston, has bought a tract near the scene of the Boston...