Word: walling
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Dates: during 1950-1959
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...times the capacity of politicians for reassuring talk and disturbing action reaches astounding proportions. Six years ago, Dwight Eisenhower took office amid promises of bringing the "best brains in the country" into his Administration. The sources of these paragons turned out to be Wall Street and the corporation boardrooms, and their performance in office has by and large proven uninspired...
White entered the field of investment counseling with a firm in Boston after completing his studies at the University. Presently, he is senior partner with Scudder, Stevens & Clark, a director of the Wall Street Journal, the Carnegie Institution of Washington, and a trustee of Norwich University in Vermont...
...everyone gets the best seat in the house," says Conductor Erich Leinsdorf. "That is proper for a democracy, is it not?" The "best seat" is a living room sofa facing a wall equipped with two speakers six to eight feet apart. If listener and speakers are positioned correctly, there seems to issue from the wall a wave of what is known as stereophonic sound. Nothing has so excited listeners and record makers since, more than a decade ago, the long-playing disk ushered in the Age of High Fidelity. Stereophony's extra clarity and depth have...
...Treasury Robert Anderson's task of refinancing $42 billion of Government securities falling due this year. At a time when most investors want to buy stocks, real estate or other things as a hedge against inflation, Anderson is finding the public increasingly uninterested in bonds. Furthermore, Wall Streeters thought he had made a mistake in trying to sell securities with one year as the shortest maturity. At a time when investors were trying to figure how high interest rates might go, too many of them did not want to tie up their cash for a year...
Died. Major General William Joseph ("Wild Bill") Donovan, 76, Wall Street lawyer, World War I commander of the New York City regiment in the Rainbow Division popularly known as the Fighting 69th, World War II director of the Office of Strategic Services, which conducted U.S. espionage activity behind enemy lines, U.S. Ambassador to Thailand (1953-54); in Washington. Shy, mild Bill Donovan had an antonymic nickname, quiet reserves of courage. Near the Marne in 1918, with a machine-gun bullet in his leg, Colonel Donovan refused evacuation, set an example that won him the Medal of Honor...