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...since New York Stock Exchange President Richard Whitney was packed off to jail in the 1930s had Wall Street come under such withering scrutiny. It was bad enough that the SEC was probing the American Stock Exchange after a series of scandals (TIME, May 5 et seq.), even more disturbing that SEC investigators were working overtime on more cases of market fraud and manipulation than ever before. But last week SEC Chairman William L. Gary suggested that the whole barrel of apples had better be tumbled out and examined. Testifying before a House subcommittee, Gary urged a full-dress investigation...

Author: /time Magazine | Title: Public Policy: Scrutiny on the Street | 7/7/1961 | See Source »

Virtually every one of its models is a sales disappointment to Chrysler-a fact that Chairman Lester Lum Colbert blames chiefly on bad publicity resulting from stockholder dissension and the conflict-of-interest scandals (TIME. July 11 et seq.). Once-mighty Plymouth has skidded from 4.9% to 3.3% of the market, and the European-styled Valiant has not made up the difference, rising only from 2%_ to 2.1% despite a $100 price cut. Valiant's new and costlier twin, the compact Dodge Lancer, got only a discouraging 1.2% of the market, and the middle-priced Dodge Dart, newly styled...

Author: /time Magazine | Title: State of Business: Detroit's New Line-Up | 6/23/1961 | See Source »

Still, it was an interesting afternoon. Among Classes present at the game-of-sorts were 1901, 1911, 1924, 1926, 1931, 1936, 1941, 1946, 1955 and 1958. The men of '46 staged an impressive burial procession for the "46 Roman Ashes," and carried signs with inscriptions like, "Et tu, Pusey--20th century Brutus...

Author: By Michael S. Lottman, | Title: Baseball Varsity Loses To Rain in One Inning | 6/15/1961 | See Source »

National events also impinged upon 1961 by removing some of the College's leading professors. Perhaps the 62 per cent of 1961 who voted for JFK '40 in a CRIMSON poll regretted their action when Bell, Bundy, Cox, Chayes, Galbraith, Reischauer, Schlesinger, et al departed for Washington. Among most, however, the reaction was merely a shrug of the shoulders--after all, most seniors need not worry about particular professors next year...

Author: By Claude E. Welch jr., | Title: Class of 1961: Disappointment To High Honor in Academics | 6/14/1961 | See Source »

...hymn to Dostoevsky. Actually, it has as much to do with the Russian's tragic art and exact moral theorems as it has with lepidopterology or philately; the only thing it says is that Miller is excited in the presence of Dostoevsky-or Nietzsche, Nostradamus, Rabelais, et al.-just as some birds become gaga in the presence of ants, put them under their wings and flutter about in some obscure ornithological orgy...

Author: /time Magazine | Title: Books: Greatest Living Patagonian | 6/9/1961 | See Source »

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