Word: aug
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Dates: during 1950-1959
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...Merck & Co. announced that Dr. Lewis H. Sarett has achieved the "total synthesis" of cortisone from a common coal-tar material, instead of having to start with scarce and costly bile acids (TIME, Aug...
...listeners by giving away three iceboxes instead of two, this is a silly business anyway." The next year Parks met, and has so far mastered, an even tougher opponent: the Federal Communications Commission. By a vote of 3-1, the FCC banned giveaways from the air (TIME, Aug. 29, 1949). The networks promptly appealed to the courts, where the case still rests. But public apathy was able to do what FCC couldn't: dozens of giveaways, including such big-money ventures as Truth or Consequences and Hollywood Calling, have faded from the air for lack of audience and sponsors...
...Inland Steel Co., like some other corporations, set up the same stock option for its 19,000 eligible employees. It agreed to sell the stock for $42.25, which was 5% less (the maximum cut allowed Inland by the Salary Stabilization Board) than the open market price on Aug. 25. Employees were to pay for it in cash or payroll deductions. Last week Inland reported the plan had been a huge success; out of 250,000 shares offered, employees have already signed options to buy 208,000 shares with a value of $8.7 million...
Ivanhoe. Sir Walter Scott's novel made into a rousing medieval horse opera; with Robert Taylor, Elizabeth Taylor, Joan Fontaine (TIME, Aug...
...Canterbury Tales. A versification by Nevill Coghill, preserving much of the lusty, 14th century tone of the original Chaucer in a rendering as witty and up-to-date as the conversation of a 20th century Oxford don (TIME, Aug...