Word: wall
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Dates: during 1960-1969
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Press Stopper. This fall Ellender was at it again. It had long been his ambition to visit every country in the world (he keeps track of his record on a wall map in his office). He had just about satisfied that yearning when lo and behold, Africa began sprouting a whole bunch of brand-new nations. So off he went to Africa. In Morocco he paused to express a variety of opinions. "Egypt," said the segregationist Senator, "hasn't achieved anything great since the Pharaohs began practicing desegregation with their slaves . . . Ethiopia would have nothing if it weren...
Bringing on the Bulldozers. A year ago, downtown Pomona seemed to be a terminal case. The main drag, Second Street, was a sorry sight; a third of its buildings were vacant, shops that once were elegant had become clustered holes-in-the-wall-paint peeling, screens rusted to holes. Businessmen and merchants who had not yet moved away were wondering if there was any future at all in the downtown area, and landlords were making things worse by forgoing repairs...
...Market. The Russian backdown over Cuba was a tonic to the market, and it was followed by a series of surprisingly strong economic indicators suggesting that a recession was not just around the corner, after all. Some Wall Streeters also count heavily on the extra lift that the economy should get from a tax cut next year. They also believe that the Administration's mounting deficits should set off the kind of inflation that boosts stock prices (because investors then move heavily into common stocks to protect their depreciating dollars...
Small Man's Power. Wall Street's professionals are putting their money on blue chips that offer plump dividends and have steady growth records. The professionals are particularly high on those oil and aerospace companies whose earnings have been on the rise. They are notably cool toward most onetime "glamour" stocks, including many of the electronics and discounting issues, which fell fast during the market break but are still selling for 20 or more times earnings. The conservatives like to stick with issues closer to 15 times earnings...
...CRIMSON learned yesterday that MTA is planning to advertise the in the Wall Street Journal during member. Such action would bring the to the attention of most national estate syndicates...