Word: wente
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Dates: during 1950-1959
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...learn the writer's craft, he ran away from a Washington, D.C. high school to tour with Orson Welles (a truant officer brought him home from Philadelphia); he put in a couple of years in stock, went to Yale Drama School. Then he moved hopefully to Broadway. "As a playwright," he remembers, "I achieved the rank of hotel night clerk at 22, nightward attendant in a psychiatric hospital at 25, a magazine copy boy at 28." It was while he was a copy boy (at TIME) that his play Bullfight became an off-Broadway...
...President Donald McGannon took charge of the N.A.B. code review board, offenders were told to stop talking about hemorrhoids and other such "intimately personal" problems or forfeit the code seal of approval, but 20 stations decided that they could get along without it. Further, McGannon's review board went on to criticize commercials for toilet paper, deodorants, laxatives, etc. In a confidential report shown to station owners and trade associations, McGannon's board finds much amiss with commercials for such privacy products. Items...
...place Cleveland Indians faded in the American League pennant race, terrible-tempered General Manager Frank Lane complained that Manager Joe Gordon would need a miracle to win, added that he was eying four or five other men for the job next year. Gordon promptly quit, and an offer promptly went out to the leading candidate on Lane's little list: the terrible-tempered Leo Durocher, former manager of the Dodgers and Giants, who quit his $65,000-a-year job with NBC-TV with the announced intention of returning to baseball...
...Treasury has to refinance almost $12 billion in old debt and borrow $7 billion in new cash. So much money borrowed in the short end has created a strong pressure to shove all interest rates higher. The process is already operating. Last week, as the 91-day bill rate went up to nearly 4.2% from 3.979% on the sale a week before, it easily jumped over the new 4% discount rate set by the Federal Reserve to stop banks from taking advantage of the lower discount rate...
...France. Weakened by the wars in Algeria and Viet Nam and poor fiscal management, France was close to financial collapse when Jacobsson hustled to the rescue. He arranged a package of $655 million in credit from the Fund, the European Payments Union and the U.S. With the loan went some detailed recommendations on how France could put its fiscal house in order. It did so well that after De Gaulle came to power he was able to devalue and stabilize the franc. At other times, Jacobsson rescued the Danes, Dutch, Japanese, Turks, Spanish, Peruvians, and Argentines...