Word: chip
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Dates: during 1960-1960
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Peru. A rigid feudal system controls most of the nation's land and wealth. Peru's mass-based APRA is firmly anti-Castro, but it has no chance of instituting social reforms until elections in 1962; in the meantime, a new, nationalistic party is rising to chip away APRA's strength...
...with a considerable assist from Sylvia Porter-has landed her. In 1944, with some help from her second husband, Sumner Collins, whom she had married the year before, she started a weekly newsletter on Government bonds. Called Reporting on Governments, it circulates (at $60 a year) to a blue-chip clientele of 2,500 bankers, economists and securities dealers, who consider it must reading. In recent years she has had effective assistance in this from Joseph Slevin, who also writes finance from Washington for the New York Herald Tribune...
Brooking no interference from advertiser or broadcaster during its seven seasons, the first five subsidized by the Ford Foundation, Omnibus saw a shifting list of 16 blue-chip sponsors (including the current one, Aluminium, Ltd.) pay for an average of only 70% of its time, and the program jockeyed uncomfortably between the three networks. The years also saw some memorable shows: Peter Ustinov playing "The Life of Samuel Johnson," Leonard Bernstein describing "What Makes Opera Grand," Joseph Welch pondering "Capital Punishment." The program had lived up to the credo of its imaginative producer, Robert Saudek: "I don't believe...
Moore has mellowed since he came up as a 20-year-old "chippy" (jargon for a player with a chip on his shoulder), but he still approaches the game as though it were football on ice. "When I give a guy a good body check and get a penalty, it's still worth it," he admits, "as long as the check's a clean...
...business moving, and that its previous moves have not been particularly effective. While it has cut the discount rate from 4% to 3% in two installments this year, the prime rate for loans has only dropped from 5% to 41%. Since the prime rate is only for blue-chip customers, long-term rates for poorer risks are still 6% or higher, though short-term rates have dropped. Banks in most parts of the U.S. have enjoyed some credit easing, but money is still tight in New York and Chicago, the nation's two biggest banking centers...