Word: wall
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Dates: during 1960-1969
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...where TV newsmen checked their facts with the mayor and his aides, who manned telephones linked to the police department and storefront command posts in the Roxbury ghetto. In Washington to offset the impression given by smoke-shrouded aerial photos that the capital was an inferno, WTOP televised a wall-size map showing that the fires were confined to a relatively small area. When Baltimore Comptroller Hyman Pressman made a heated speech demanding that the looting be stopped "by gunfire" if necessary, all the TV stations elected to junk the film...
...rebounding "peace market" drew much of its surprising strength from heavy buying by institutions- he mutual funds, pension funds, speculative "hedge" funds, insurance companies and trusts that usually stay on the sidelines during Wall Street's emotional spasms. This time the funds scrambled to rein vest their record hoard of idle cash...
Water on the Table. Relatively unheralded amid Wall Street's ebullience was the fact that the economy made a record-breaking advance during the first three months of 1968. Gross national product-the nation's total output of goods and services-climbed by about $20 billion as against a previous record of $17.5 billion in the first quarter of 1966. In that seemingly positive development there was a sharply negative point. According to President Johnson's Council of Economic Advisers, that 10%-a-year growth rate is about 21 times as much as the economy can sustain...
Modern corporations usually make it a practice to prepare carefully for any change in command. But few are as forehanded as Merrill Lynch, Pierce, Fenner & Smith, the Thundering Herd of Wall Street. The biggest brokerage house in the world, with 170 offices and a $369,443,000 annual business with 914,000 active customers, Merrill Lynch announced last week that it was beginning to transfer leadership of the Herd to a group of executives who have been on the street only since World War II. The heir apparent for the top job has not only been grooming...
...where Pittsburgh's most powerful families "roughed it." The dam was in bad shape; every time there was a hard rain, some local wag was sure to say: 'Well, this is the day the old dam is going to break." And break it finally did, unleashing a wall of water at times 70 feet high. Within an hour, there was nothing left of Johnstown except a mountain of debris and a handful of scattered houses. It took five years to rebuild the town, and corpses were found as long as seven years afterward. This 500k is a meticulously...