Word: standards
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Dates: during 1960-1960
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Though the U.S. was little more than a bystander, it was the obvious target of the mobs, partly because it has become the standard target of Latin leftists, partly because anti-U.S. Interior Minister Araújo was pulling some of the strings. At week's end Araújo found he had gone too far, even for Velasco Ibarra, who announced he had accepted his deputy's "resignation." Unfortunately, Araújo's work could not so easily be erased. The biggest gainers in the land squabble were Fidel Castro and Soviet Russia, who guarantee...
...have directly created 10,000 new jobs, indirectly another 10,000. Nearly one-quarter of the plants belong to West German firms, which, faced with a labor shortage at home, have turned to Ireland for a bountiful supply of workers. Besides Borden, twelve other U.S. firms, including Brunswick Corp., Standard Pressed Steel (electronic components) and Hallmark, have set up plants in Ireland. Nearly all the products from Irish plants are admitted duty-free to Great Britain, receive preferential treatment from Commonwealth nations...
...virtuoso feat that is rapidly becoming standard operating procedure, an Air Force C-119 cargo plane equipped with a grappling hook last week snagged in mid-air a third Discoverer satellite - a 300-lb. gold-plated capsule that had traveled more than a million miles in polar orbit before being parachuted near Hawaii upon pushbutton command from a control room in Sunnyvale, Calif...
...barriers abroad against dollar imports. Equally important, businessmen can now expect long-term markets not tied to boom-or-bust fluctuations. In 1960 a large part of U.S. sales to Europe were in finished consumer goods-bought to satisfy the European's growing taste for a higher standard of living. "For the first time in decades," says Secretary of Commerce Frederick Mueller, "there is discretionary buying in Europe. Even if the industrial activity in Europe lessens slightly, it should not greatly affect our opportunities to sell there...
Maritally, U.S. Society abandoned the "double standard" only to adopt the quadruple and sextuple standards. Gentleman Editor Frank (Vanity Fair) Crowninshield epigrammatized the situation: "Married men make very poor husbands." By their second or third generations, most U.S. moneyed clans are marked for either 1) distinction, 2) extinction. Those that survive with distinction, e.g., Lowells, Rockefellers. Guggenheims, treat their money as a public trust and adopt the ethic of responsibility laid down by an early Du Pont: "No privilege exists that is not inseparably bound to a duty." Other socialite families go the way so graphically described by the Philadelphia...