Word: wield
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...might need it now that Vail's soles are beginning to dig in too. The Plain Dealer's previous editor, courtly Wright Bryan, 58, who came to Cleveland ten years ago from the editorship of the Atlanta Journal, lacked the authority that Vail can wield simply by virtue of his heritage. The great-grandson of Mining Mogul Liberty E. Holden, who founded the paper, Vail was born in Cleveland and schooled at Princeton, where he won honors in political science. He went to work for the News in 1949 as a police reporter, after eight years switched...
...month. A few tribal delegations came to Riyadh to pay their respects. One, led by Deputy Premier Prince Khalid, another of Saud's 39 brothers, handed the King an ultimatum. Tactfully but plainly, the chieftains warned him not to interfere with Feisal or make any attempt again to wield power, at the risk of dethronement. They also demanded instant banishment of Saud's personal aide, Eid ben Salem, who rose from palace chauffeur to royal entrepreneur and became vastly rich in the process...
Small Fear. As a result of the new demand, steel prices, which softened after President Kennedy rebuffed the industry's try to raise prices last April, have begun to firm. But there is small fear of a price increase; foreign imports and domestic competition wield as big a club as Kennedy ever did. Cut-price imports rose from 3,100,000 tons in 1961 to 4,100,000 tons in 1962. Aluminum, concrete, glass, plastics and other substitute materials have taken away another 2,000.000 tons a year of business that steel used to count on. Steelmakers now concede...
Joseph Cooper '55, instructor in Government, predicted that the President would wield increased power over the new Congress as a result of the fall elections. The last session taught the Administration, Cooper thinks, to concentrate its resources on the passage of a single key measure...
...fear that the Government would meddie in every labor settlement, clamp down on every price rise, and thus discourage all businessmen from undertaking any expansion or modernization. Said Chase Manhattan Bank President David Rockefeller: "The steel episode demonstrated the tremendous economic power that the executive branch of Government now wields, and that it is prepared to wield it hard and fast. It seemed to imply that the price structure was going to be shaped not by the laws of supply and demand, but by the Government's feelings.'' (Asked last week on his hour-long television interview whether...