Word: blowoff
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...What next? Some Wall Streeters, noting that the market had jumped 35 points in the past month, figured that it was due for a correction - a minor and temporary decline of 3% or 4% . Others reckoned that last week's pulling and pushing set the base for a blowoff, or sudden and possibly spectacular advance. Many Wall Streeters were predicting that the Dow-Jones by year's end would top 1,000, a goal that seemed almost impossible to achieve just a few weeks...
...identify solar weather conditions that may produce them. First, says Dr. James Van Allen, discoverer of the Van Allen radiation belt, a sunspot must be visible. A group of several sunspots is even more likely to produce a flare, but not all do. Often they fade away without a blowoff...
...President Kennedy sees it, is not likely to take the form of a big nuclear blowoff, although he intends to be prepared for one. The 19605. he thinks, will be an era of messy internal struggles where opposing sides are fed help and guidance by the two major world powers. "The struggle." said he, "is changing. It's not a question of troops marching across a frontier. We face the problems of having 'Spains' all over in the next decade. Laos is an example-Viet Nam. the Congo. It is a question of subversion and paramilitary political...
...blowoff comes when Catherine refuses to be a one-man woman and insists on reserving her weekends for an old admirer. "I don't belong to anybody." says Catherine bitterly, meaning, as she unconsciously meant at the beginning of the affair, that she belongs to herself. A chastened Toni finally gives her up, wishing perhaps that he had caught just what she meant in the first place...
...press on charges of plotting to overthrow President Sukarno. Behind-the-scenes word in Djakarta: Allison got out of step on policy with Secretary of State Dulles, urged the U.S. to listen with more sympathy to Indonesian claims to Dutch-held West New Guinea, predicted there might be a blowoff if it did not. Dulles, impressed with the need for friendship with the Dutch and the Australians (who hold the eastern half of New Guinea), elected to keep out of the whole New Guinea dispute. Allison also urged the U.S. to reply to an Indonesian request for arms by offering...