Word: trust
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Dates: during 1970-1970
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Both the book Movement and the movement itself are all too aware that a medium which devotes 101/2 feet of news coverage to Kent State and only 29 inches to Orangeburg- as the New York Times did- is a medium that we cannot trust...
...life-its struggles, victories and defeats-and sees it as a gradual unfolding. It is an optimistic philosophy, but he is no pollyanna. At every turn, he believes, there is as much chance for psychic catastrophe as for emotional growth. "When I talk about hope and basic trust," he says, "I am not referring to good manners or to the niceties of personality, but to the minimum conditions for human survival...
...some brokerages threatened with collapse -but FORTUNE this week discloses how far the N.Y.S.E. had to go in one case that its officials tried hard to keep secret. Newspaper stories had disclosed that the exchange earlier this year lent Hayden, Stone $5,000,000 out of a special trust fund earmarked for investor indemnification. The attempt to keep the firm afloat failed, and Hayden, Stone was later taken over by two other firms, Walston & Co. and Cogan, Berlind, Weill & Levitt...
FORTUNE now reveals that, just before the merger, the trust fund put another $7,600,000 into Hayden, Stone, and that most of this money then went to Cogan (now renamed CBWL-Hayden, Stone Inc.) as a condition of the sale. "In other words," says FORTUNE, "the exchange chose to buy itself a rescue." But the tactic resulted in a curious arrangement: through the trust fund, FORTUNE notes, the exchange now holds an indirect interest in CBWL -a firm that it is supposed to regulate like any other member...
...have just been mugged or had your car stolen, Ramsey Clark may incense you. He insists that coping with crime requires compassion for the criminal as well as the victim. Worried that U.S. lawmen may be putting too much trust in the club and the gun as instruments of order, he suggests they learn from states like Sweden-which far outmatches the U.S. in curbing crime (but also has a homogeneous society and hence far fewer problems). As Lyndon Johnson's Attorney General, Clark ranked among the ablest yet fairest crime fighters in U.S. history. His new book...