Word: tenths
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...first time since World War II, prices in the U.S. are generally holding steady during a period of recovery. In some cases (food, specialized steel products, paper), prices are even falling-enough so that last week the Labor Department announced that the Consumer Price Index had dropped one-tenth of 1% in May. But the price line would not hold for long in the face of major wage hikes. With an eye on Detroit, President Kennedy and his economic advisers have emphasized that the Administration would look unkindly on inflationary labor settlements. And a month ago, Labor Secretary Arthur Goldberg...
Died. George Vanderbilt III, 47, adventurer-ichthyologist brother of Horseman Alfred Gwynne Vanderbilt with whom he shared part of a massive railroad fortune founded by Great-Great-Grandfather Cornelius ("Commodore") Vanderbilt; of a fall from his tenth-floor suite in San Francisco's Mark Hopkins Hotel...
...International Seminar will play host to 33 influential young people from 25 countries this summer as it opens its tenth season next Monday...
...will wager your medicine editor a case of aspirin that the figures are false. We can prove that the $200-million-plus rate of annual spending for health research by our industry produces at most no more than 500 new items yearly, about a tenth of them new chemical compounds...
Befriending the Bank. The son of a traveling salesman, Missouri-born David Murdock quit school in the tenth grade to go to work, was paying his own way even before that. Says he: "I can remember mowing lawns when I was so small I couldn't get both hands up to the lawn-mower handle." After a World War II stint in the Air Force, he drifted into Phoenix with a young wife, a trailer, and a $12,000 stake he had earned running a short-order restaurant in Detroit...