Word: actes
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Dates: during 1950-1959
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...Playwrights Lawrence and Lee give their play a fair amount of story interest and shock value, while Actor Melvyn Douglas, with a brilliant impersonation, wins sympathy for their hero. But wherever the pull of the play is not purely factual it seems flagrantly fictional, particularly in a weak last act. It brings no insight to any of the questions it raises. It gets beneath none of the skin it flays. Nor does The Gang's All Here always jibe with the facts. Harding (inside the party) was no such convention dark horse as he is made...
...decision closely paralleled the plan proposed by Du Pont itself after the U.S. Supreme Court had ordered the separation under the trustbusting Clayton Act (TIME, June 17, 1957) and sent the case back to Judge LaBuy to decide the details. He firmly rejected the Justice Department's demands that Du Pont distribute two-thirds of its G.M. holdings to its shareholders, sell the other one-third on the open market over a period of ten years. Such a plan, said the court, would have a "serious impact on the market value of the stock of General Motors...
...Pont case would be used as a precedent to force companies, big and little, to shuck off blocks of stock in customer firms. But if LaBuy's ruling stands, it could set a precedent of. its own: companies held in similar violation of the Clayton Act need only transfer their voting rights. Deeply disappointed, Department of Justice lawyers may appeal. They well recall that the Supreme Court has reversed LaBuy once before on the case; it upset his 1954 ruling that Du Font's control of G.M. did not violate the Clayton Act. Last week LaBuy himself left...
...backing from Per Jacobsson, managing director of the International Monetary Fund, who charged that dollar restrictions are now being used as "protectionist devices" to keep down foreign competition. To Anderson's great satisfaction, Jacobsson virtually signed the death warrant for dollar discrimination by promising that the fund would act on a tougher policy "in the very near future," thus launching a major new step for a freer world trade...
...rest of a small but dedicated group of economists, believe that the gold standard is the only answer to the world's present monetary problems, such as inflation and a concentration of capital. They believe that a return to the rigid fiscal discipline of the gold standard would act as a brake on inflation by preventing governments from overspending, head off world recessions by doing away with the excesses that lead to them. A full gold standard, as they see it, would also put a damper on sudden expansions of credit not backed by gold, help stabilize prices...