Word: closed
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Dates: during 1950-1959
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...heartbeats of a nation in decay." Among the heartbeatniks: Bummy Car-well (Larry Hagman), incipient novelist ("I'm a writer-I'm out there on the periphery handling unexploited materials"); Danny (Thomas Aldredge), a marijuana-fueled poet who mumbles about the "crypto-neo-reactionaries"; and Yogi (Del Close), a stubble-bearded anti-homosexual crusader who gets most of the show's laughs...
Even when plutonium is stored in a carefully designed container, workers live close to catastrophe. Each small chunk of plutonium must be kept a respectful distance from the others, lest they combine to form the critical mass that sets off an atomic reaction. Even a human body in the wrong place can reflect enough neutrons into a chunk of plutonium to set off a chain reaction that could kill everyone in the lab with a blast of radiation...
...rules also bring convertible debentures under margin rules for the first time. After converting the debenture into stock, the investor has 30 days to supply the 90% margin. The Fed will also keep a close watch on bank credit, which has been used to get around margin requirements. Banks often lent up to 50% on stocks. Now, if the bank lends more than 10%, both a bank officer and the borrower must sign a statement that the funds will not be used to buy listed securities...
...well. In Illinois, following the directions of a blind judge who had developed his own theory on oil finding, they drilled near Robinson, started the heaviest land rush since Texas, and enriched themselves by $8,000,000. In West Texas in 1924, when up-and-down Benedum was close to going broke, he drilled in the shade of a rig that had been blessed in the name of Saint Rita, saint of the impossible. The impossible area was a desert of dunes and cactus, 50 miles from water. On his ninth try there, he struck it; oil came roaring...
GOLD PRICE RISE on London market to $35.145 an ounce, close to record, has been spurred by speculation U.S. Treasury may raise gold price above official U.S. rate of $35.0875 because of outflow of U.S. gold (TIME, May 18). But Treasury has no intention of doing...