Word: portfolios
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Dates: during 1950-1959
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...rest of the issue consists of J. A. Rose's turgid prose on electronic music and a three-part centerpiece portfolio of excellent line-drawings...
...Mutual Life Insurance Co., eighth largest life insurance company in the U.S. (insurance in force: $9 billion). A graduate engineer (University of Wisconsin, '22) and amateur gardener (roses), Slichter, brother of Harvard Economist Sumner Slichter, has been a vice president in charge of Northwestern Mutual's investment portfolio since 1949¶Emerson Foote, 51, a founder and onetime president of Foote, Cone & Belding, who once shocked Madison Avenue by voluntarily giving up the $12 million American Tobacco account, again caught fellow admen flat-footed by rejoining McCann-Erickson, from which he resigned as executive vice president 14 months...
Died. Eustace Sutherland Campbell Percy, first Baron Percy of Newcastle, 71, writer and lecturer, onetime (1935-36) British Minister without Portfolio, known as "Stanley Baldwin's Thinking Machine"; in London...
...reduce credit, i.e., lending ability, as the Fed has been doing under its tight-money policy, it digs into its $23.3 billion portfolio of Government securities and sells them on the open market, to either the general public or anyone else (banks, dealers, insurance companies) that wants to buy. To pay for them, the buyers draw down their bank accounts, cutting the amount of money banks can lend. To increase credit, the Fed merely has to buy securities. Its checks, deposited in banks, increase the banks' reserves and make more money available for loans. Moreover, since banks can lend...
...editors of Portfolio remain vague, in this first issue, in respect to positive goals. They are not at all vague, however, in a conviction that the creative impulse at Harvard needs guidance and encouragement...