Word: generality
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Dates: during 1970-1970
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Even in states and cities where there is no major disagreement about specific grants, the pocketbook rebellion has been sharp. Gaps between diocesan pledges and quotas for 1970 set by the last General Convention were impressive even on a local scale: $425,000 below quota in New York City, $239,000 in Los Angeles, $146,000 in Dallas. In all, the pledges were more than $3.5 million below the national budget quota of $14.7 million. Modeste was undisturbed. In his official report last March, he had written that "the Church, the temporal, institutional body of Christ, must be willing...
...Died. General Lázaro Crdenas, 75, hero of Mexico, President from 1934 to 1940, and a major power in the ruling Revolutionary Party until his death; of liver disease; in Mexico City. One of the first and most forceful of the Latin American leftist nationalists, Crdenas enraged Britain and the U.S. in 1938 by expropriating $450 million worth of oil holdings owned by foreign concerns. When the U.S. retaliated by cutting off silver purchases, Crdenas agreed to pay some compensation, but continued to seize land owned by Americans. Eventually, Crdenas redistributed...
...episodes in his half-century as an industrialist and financier have made Chicago's Henry Crown prouder than the work he did a decade ago at General Dynamics Corp. As executive committee chairman he helped manage the company's recovery from a $435 million loss on its Convair jetliners; it was the largest financial setback on a single product line ever sustained by a U.S. corporation. Crown felt deeply wounded when the company's directors in 1965 and 1966 called in General Dynamics' preference stock, forcing him and his family to sell a $100 million holding...
Crown thereby lost his first battle for General Dynamics. But early this year, the 74-year-old colonel, who served as an Army procurement officer during World War II, took the offensive in a second fight to control the huge, troubled defense contractor. Ironically, his chief obstacle was none other than the man he had brought in as General Dynamics' president in 1962: Roger Lewis, 58, who subsequently sided with the faction that forced Crown to sell...
...Lewis, 53 (no kin), president of thriving McDonnell Douglas Corp. He had apparently tired of waiting for that company's strong-minded chief executive, James McDonnell, 71, to step down and let him take full charge, and he could not resist Crown's challenge to turn General Dynamics around...