Word: aug
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Dates: during 1950-1959
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Shocked at Britain's prewar policies, Kennedy went back to Harvard, wrote a thesis that, at the suggestion of New York Timesman Arthur Krock, was expanded into a highly praised book called Why England Slept. Three years later, on the night of Aug. 2, 1943, Lieut. John Kennedy, U.S.N.R., found himself at the wheel of PT109, patrolling Blackett Strait in the Solomon Islands. Came the cry "Ship at 2 o'clock"-and in the next instant a Japanese destroyer knifed through the PT boat, hurling Skipper Kennedy to the deck and injuring his back. Expert Swimmer Kennedy saved...
MILLIONAIRE BILL GRAHAM, the Kansas crusader for free enterprise around the world (TIME, Aug. 12), has recruited 15 U.S. shareholders -including the Rockefeller brothers' International Basic Economy Corp.-to buy into his Private Enterprises Inc., which will make investments in private enterprises in India. New company is capitalized at $1,500,000; Indian sources are expected to match the company's investments...
...faced Colonel Rudolf Ivanovich Abel, 55, who, posing as an artist, served for nine years as one of the top Red spies in the U.S., until federal agents searched his Brooklyn studio and found an array of such spy-novel devices as hollowed-out coins and cuff1 links (TIME, Aug. 19 et seg.). Under the law, Abel could have been sentenced to death, but Judge Mortimer W. Byers apparently heeded the defense attorney's arguments that Abel might talk later on, and that the U.S. might some day want to trade him for a captured...
Ever since the Government accused General Motors last July of making $17.4 million in excess profits on a contract to build 599 F-84F Thunderstreak jet fighters (TIME, Aug. 5), G.M. has jittered at the prospect of a court case and possible bad publicity. Last week Louisiana's F. Edward Hebert, whose House Armed Services Subcommittee had brought out the original charge, announced that G.M. has moved to settle with the Government. It offered to refund a total of $9,701,458 to the Air Force. Already in the hands of the Air Force is a check...
Died. George Wilhelm Herman Emanuel Merck, 63, towering (6 ft. 5 in.) chairman (since 1949) and longtime president (1925-50) of Merck & Co., Inc., the mass-producing drug and chemicals manufacturer that was launched as a pharmacy in Darmstadt, Germany in 1668 by his ancestors (TIME, Aug. 18, 1952); of a cerebral hemorrhage; in West Orange, N.J. Devoted to company activities, with an exuberant capacity for work, Merck directed the Government's wartime research on biological warfare, built his company (last year's gross: $172.4 million) mostly on good will ("Medicine is for the people...