Word: backed
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Forget the Present. Worry about inflation was one of the factors sending the market skyward. There was also realization that lagging earnings can come back fast (see below). Thus, though stocks in historic terms are overpriced (18 times earnings for the industrials), many Wall Streeters are using a method to evaluate them which simply disregards the present. Said Edmund W. Tabell, top market analyst for Walston & Co.: "What an investor must do is take an average of earnings over the past five years [$32 for the industrials], measure it against projected 1959 earnings [now being quoted at a record...
...phony reports touch off a vicious series of reprisals from sources never quite labeled. The enemy kill and hound real people whom they suspect as Wormold's agents. He is himself abused by Cuban police and nearly poisoned at a businessman's lunch. The deadly joke reaches back to London, where the big boys recognize their mistake but do not dare admit it. The end is heavily ironic...
...diaries and letters of Alfred Duff Cooper, an infantry officer in France. After censoring a letter home from a soldier, he recorded that the man had written: "A lot of ships were needed to bring the British Army to France. Only two will be wanted to take it back, one for the men and the other for the identity disks." Noted Duff Cooper: "So good...
Author Shute, 59, who was an aeronautical engineer and military pilot, this time returns to his first love, flying. His Canadian-born hero, Johnny Pascoe, has been barnstorming the world since 1915 and, now in his 60s, operates a small airfield at back-country Buxton in Tasmania. Flying a mercy mission to rescue a child stricken with appendicitis, Pascoe crashes on a barren stretch of the Tasmanian coast. His skull is fractured, and he is tended only by the child's distraught mother, but his friends rally round. Chief of these is Ronnie Clarke, who volunteers...
...feel that the troops [on Quemoy and Matsu] were excessive for the needs of the situation," said Secretary of State John Foster Dulles in press conference last week. "But the Republic of China holds its views, and, after all, it is its territory that is primarily involved." Tacking back to the rhumb-line course of policy in the teeth of the continuing foreign policy storm at home* and the uncertain cease-fire calm in the Formosa Strait, Dulles criticized the "exaggerated" importance the press had put on his comment fortnight before (TIME, Oct. 13) that the Chinese Nationalists were "foolish...