Word: coverer
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Dates: during 1950-1959
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Progress, they say, has its virtues. And in two years Audience has expanded to six times the old size, revamped its format, and added fiction, feature articles, and artwork. Not even the night people can deny that the magazine is more attractive, what with a color cover and offices in New York and Los Angeles. But that small gleam in the yellow eye we used to call hope--for undergraduate literature outside the Advocate's erudite stasis--is conspicuously missing in the summer volume of the new Audience. The editors choose to become another little magazine, to be judged...
...Cover...
Lusty Statesman. Luis Muñoz Marin (TIME Cover, May 2, 1949), who provides the sense of leadership, is a man with a bear's body and the somber visage of a St. Bernard. On the crystal chandelier over his desk nests a pair of birds that fly in and out of the always open door. "He is kind to animals," says his wife Inez, "and even kinder to humans." His salary is $10,000 a year. His wealth, as itemized before the 1956 election, consisted of $562 and a house with 16 years...
...scheduled operating rate of 63.8%, a little price cutting cropped up in the Detroit area, where Great Lakes Steel Corp. chopped prices $2 a ton. But it was strictly a cut to meet local competition and not likely to spread. The industry soon expects to hike prices to cover the automatic wage increase going into effect on July 1. Consensus: probably...
Leaders & Laggards. The indexes use statistics from 21 different areas that cover the important segments of the nation's economy-production, employment, income, prices, etc. When all statistics are moving up, the diffusion indexes read 100. When all are moving down, the indexes are zero. If half are moving up and half down, the indexes are 50. When the indexes drop below 50, it means the economy is contracting; when they rise above 50, the economy is expanding. The basic 21 are broken down into three groups called 1) the Leading Series, 2) the Coincident Series...