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...quest for new products and more efficiency was a boon to some companies, a temporary check on the earnings of others. Benefiting from the office automation boom, IBM profits soared $5,000,000 in the third quarter over the same period in 1959, lifted per-share earnings for the nine months to $6.51 v. $5.57 last year. Aided by 70% load factors on its new jets, which now carry 56% of United's passengers, United Air Lines made a steep climb; President William A. ("Pat") Patterson announced record third-quarter earnings of $1.97 per share, up from...

Author: /time Magazine | Title: STATE OF BUSINESS: Reading the Clues | 10/24/1960 | See Source »

...Bane or Boon? Even so, the success of the Formula Junior is worrying many of its original backers. Many of the first cars were slapped together by backyard mechanics, and the races had a pleasantly informal air. Now the winning cars come almost exclusively from more than 20 Italian, English, French and U.S. firms-including renowned racing names like Lotus, Cooper and OSCA-who are building the new cars at peak capacity. Europeans are grooming their Formula Junior cars with Grand Prix care and cash. When New York's grand old Vanderbilt Cup was revived in June after...

Author: /time Magazine | Title: Sport: It's a Ball | 8/22/1960 | See Source »

...place where great fortunes were piled up in the midst of misery. Moneylenders flourished, and when the long-suffering poor finally rose against their masters in 1437, they were brutally put down by execution and banishment. But the rich man's ways were in a sense a boon to posterity; there was no easier way for him to purge his sins or ease his conscience than by commissioning a rich altarpiece for some local chapel...

Author: /time Magazine | Title: Art: A MOMENT OF TENDERNESS | 8/8/1960 | See Source »

...true some services are gratis, but most aren't. And why should they be? The parsonage system, ministerial discounts, etc. are perhaps more bane than boon. Two laymen discussing their minister's salary illustrate my point. "Maybe we should give him a raise." "What! He gets $4,000 now and the parsonage. That's as good...

Author: /time Magazine | Title: Letters, may 16, 1960 | 5/16/1960 | See Source »

...include On the 18th Day of November, The Captains and the Kings, I Am a Happy English Lad, rendered in a wildly improbable parody of an Oxford accent. Some of Behan's barroom sweepings are fresh as newsprint:I cried to Mr. Khrushchev, Please grant me this great boon: Don't muck about, don't muck about, Don't muck about with the moon...

Author: /time Magazine | Title: Music: Classical Records | 4/18/1960 | See Source »

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