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From La Paz to Luxembourg, the mutual fund has turned out to be as exportable a U.S. commodity as Coca-Cola or cowboy movies. And no firm sells mutuals with more vigor than Investors Overseas Services, a Panama-chartered, Switzerland-based company headed by U.S. expatriates that after five years has 20,000 clients in 62 countries. Since its organization in 1956 by Bernard Cornfeld, a pudgy onetime Philadelphia social worker and mutual-fund salesman, I.O.S. has doubled sales every year. This year I.O.S. expects to sell long-term mutual-fund shares and contracts worth $100 million. Profit last year...

Author: /time Magazine | Title: Securities: The Profitable Piece Corps | 8/17/1962 | See Source »

...rarely spilled (and if it is, hastily wiped away), sex is at best suggested, voices are seldom even raised. His brother William, the philosopher, pleaded with him: "Why won't you sit down and write a book with no twilight or mustiness in the plot, with great vigor and decisiveness in the action, no fencing in the dialogue, no psychological commentaries, and absolute straightness in the style...

Author: /time Magazine | Title: Books: The Subtleties of Cruelty | 7/27/1962 | See Source »

...Vision Ahead. The U.S. is backing Britain's initiative with unalloyed enthusiasm-and, at times, pushing it with so much vigor that the more discreet British are downright embarrassed. U.S. policymakers, like many in Europe, are still fearful that the Six, dominated by France and Germany, could become a "Little Europe" and then retire behind high tariff walls into a political third-force position...

Author: /time Magazine | Title: Common Market: Crossing the Channel | 7/13/1962 | See Source »

...bankers' chief problem is to find ways of making this money earn enough to cover the increased interest they must pay on it. Banks are pushing personal loans with vigor-as one New Yorker learned when she went to withdraw vacation money from her savings account and was talked into taking a loan instead. Above all, with demand for business loans soft because of sluggish capital spending, bankers are concentrating on the mortgage market-and cutting their long-term rates to attract mortgage business...

Author: /time Magazine | Title: State of Business: Too Much in the Bank | 7/13/1962 | See Source »

...Lady at My Place, done in 1961. The tiresome shibboleths of the gratuitously embattled art world vanish: the figurative and abstract paintings consort like long-time companions, and the brilliant assembly proves that no school has a monopoly on beauty. Even the most familiar artists brim with youth and vigor in this collection...

Author: /time Magazine | Title: Art: The Best of the Best | 7/6/1962 | See Source »

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