Word: yet
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Dates: during 1960-1969
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...biggest TV surprises since his New York Jets won football's Super Bowl. Television, after all, is already surfeited with football, with talk shows and lowbrow entertainment. The Playboy After Dark series, by another TV interloper. Hugh Hefner, is all pretension and forced fun. Yet somehow, as U.S. viewers discovered in the premiere last week, Joe's show had an insouciance, a spontaneity and a genuine joie de vivre that even congenital Namath haters must have found infuriatingly engaging...
...defeat inflation by conventional means unless it accepts at least a 4% unemployment rate, and if inflation continues to soar, the Administration may indeed be forced to introduce controls. But Kennedy, a longtime top Chicago banker with no previous experience in sensitive public office, has not yet learned that a Cabinet member's pronouncements are automatically taken as seriously considered policy. Nor has he learned to dodge a potentially explosive question. While even his critics applaud Kennedy's innate decency and amiability, his gaffes have deprived him and his office of political weight in the Cabinet and before...
...from the sale of Alaskan crude. The combination would create a company able to compete aggressively against oil giants like Jersey Standard, Mobil and Texaco. As London's Financial Times commented last week: "The tragedy is that [U.S.] antitrust legislation was devised to encourage competition in the U.S. Yet the manner in which it is being implemented is having the effect of deterring European companies from entering the U.S. and so bringing with them a completely fresh wind of change...
...benefits, the growth of technology has also heightened man's risks. Today's risky times should be the best of times for Lloyd's of London, which built an international reputation insuring the new, the colossal, and occasionally the preposterous. Yet Lloyd's profits have been slipping since 1963. Last year the world's largest underwriting group for general insurance closed the books on 1965-three years are needed to settle claims-and reported a $91 million loss. Lloyd's last month announced a $44 million loss for 1966, despite a record income...
...acquaintances who get together in groups to cover risks. Informal transactions involving millions take only minutes and are closed by an underwriter hastily scribbling his initials on a broker's risk slip. This organization has effectively tapped private capital while avoiding the overhead of a ponderous corporation. Yet individual members, who accept unlimited liability for insurance they underwrite, can lose heavily. In the past two underwriting years, Lloyd's 6,000 members were each, on average, $22,800 out of pocket. Recently, Lloyd's revealed that its membership -and source of capital-was noticeably diminishing...