Word: accounting
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Dates: during 1950-1959
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...year U.S. exports dipped by $3 billion, while Europe's shipments to the U.S. have gone on growing. Last week London newspapers reported that for the first time in the 20th century Britain is now selling more to the U.S. than it is buying. Taking all items into account (exports, military costs, economic aid), the famed dollar gap has been closed; since 1950 Europe has increased its pile of gold by $8 billion, and the outside world as a whole has managed to amass short-term credits in the U.S.-all constituting potential claims against gold-of $15.6 billion...
...peepers operate on IV. Hollywood sound stages, dominated until a few years ago by all sorts of B movies from gangster yarns to Abbott-and-Costello comedies, now harbor an endless succession of Private Eye productions (they are B pictures too, but nobody calls them that). Hollywood prop men account for more blank cartridges in a week than the L.A. police force can match with live bulletsin the line of duty in a year Everyone is getting into the act. At Warners, where TV production accounts for a large part of the company income, Private Eye shows pack so much...
...drinking, uttering menaces, shooting lions and helling about with women, that one suspects him of wearing a toupee-all that chest hair can't be real. At any rate, he is a standard literary article -the poor boy who gouges his way to wealth. The author's account of the gouging has its moments, but doggedly lumped together, they become hours...
Fresh & Incalculable. Author Mattingly, professor of European history at Columbia University, begins his account with the execution of Mary Stuart, Roman Catholic Queen of Scotland, in February 1587. Partly as a result, Spain's King Philip II, known as "the Prudent," abandoned prudence long enough to let himself be talked into a campaign designed to cut Protestant Elizabeth down to size. The project, tersely referred to as The Enterprise, was hastily begun. From the start, nothing went right with armaments, provisions, recruiting, and 3½ months be fore the Armada was to sail, its aged admiral died. King Philip...
Writes Historian Mattingly at the end of his clear and perceptive account: "Historians agree that the defeat of the Spanish Armada was one of the Decisive Battles of the World, but there is much less agreement as to what it decided." Certainly not the war between Spain and England; that dragged on for nearly 14 years and ended in a draw. Nor did it cut down the Spanish colonial empire. What the defeat did accomplish, Mattingly argues, was to halt the spread of the Counter Reformation and provide the English with a handy legend of victory. "It raised...