Word: salomone
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...Federal Reserve has come under public scrutiny as never before, partly because of admitted errors in the past and partly on the ground that it has carried monetary restraint so far as to create the danger of recession. Says Economist Henry Kaufman of the Manhattan bond house of Salomon Brothers & Hutzler: "Success in 1970 is virtually a necessity for the survival of the Federal Reserve System." Next week, to Patman's undisguised delight, Federal Reserve Chairman William McChesney Martin will reach the legal limit for time on the job and will retire. Washington will miss the frequent confrontations between...
...Sprinkel, senior vice president of Chicago's Harris Trust and Savings Bank. Henry Kaufman, partner in the Manhattan investment firm of Salomon Bros, and Hutzler, expects "a mild but sustained recession." He foresees a 15% to 20% drop in corporate profits...
...there is no real consensus in the barrio. The forces for assimilation are powerful. A young Tucson militant, Salomon Baldenegro, contends: "Our values are just like any Manhattan executive's, but we have a ceiling on our social mobility." While federal programs for bilingual instruction in Mexican-American areas are still inadequate, that kind of approach?if made readily available to all who want it?leaves the choice between separatism and assimilation ultimately to the individual Chicano himself. He learns in his father's tongue, but he also learns in English well enough so that language is no longer...
...efficiency. Like his descendants, too, he showed the strain of contrariness and in bred eccentricity that helps make Manchester's series of family portraits a gallery of near-grotesques. Alfred ranted against "speculators, stock-exchange Jews, share swindlers and similar parasites"; then he borrowed from the banker Salomon Oppenheim to meet his payroll. Paranoiacally fearful of Socialist tendencies among his workers, he hired an agent to inspect even the "used toilet paper" for seditious notes. He also located his office above a stable so that he could inhale the "healthgiving" aroma of manure...
...torrent of analytical advice that pours from Wall Street is hardly noted for its literary style, much less its wit. "We send a great deal of literature to our clients-most of it deadly dull," says Sidney Homer, 65, research partner of Salomon Bros. & Hutzler, one of the Street's largest bond dealers. Last week, however, Salomon Bros, was mailing its clients something different: a privately published book of Homer's needling sallies at the very serious world of bond investment...