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...institutions -insurance companies, finance companies, savings and loan associations-have grown up that the nation's credit pool is increasingly independent of the FRB. Nor was Chairman William McChesney Martin Jr. in any tearing hurry to force feed the economy. Said Martin: "During a boom, waste and inefficiency creep in naturally. It's hard not to believe that recession does a lot of business a lot of good...

Author: /time Magazine | Title: Business: Business in 1958 | 12/29/1958 | See Source »

Drawing a bead on the moon is something like shooting a duck from a spinning merry-go-round, using a bullet that takes two days to creep near its target. The moon has its own motion; it speeds around the earth on a somewhat elliptical orbit at 2,300 m.p.h.*Even more disturbing to the moon-marksmen is the rotation of the earth. In every minute, the earth rotates enough to make a 1,000-mile difference in the rocket's position when and if it reaches the moon's orbit...

Author: /time Magazine | Title: National Affairs: Celestial Mechanics | 10/20/1958 | See Source »

Mark Twain's classic rules for fiction, reflected Morris in a rare burst of pedantry, included: "Employ a simple and straightforward style," "Eschew surplusage," and "Accomplish something and arrive somewhere." Why, then, did English courses of every variety let James creep in through the trap door under the lectern? Why, on the other hand, did most courses on American literature ignore Thomas Wolfe...

Author: By John D. Leonard, | Title: The Cambridge Scene | 9/18/1958 | See Source »

...inertial navigation-a new means of finding latitude and longitude wholly without external reference points. Last week it was also used in the Arctic by the U.S.S. Skate, will go in even more sophisticated form into all the Navy's nuclear submarines, some of them designed to creep deep in enemy underwaters with the Polaris missile...

Author: /time Magazine | Title: Science: Blind Sailing | 8/25/1958 | See Source »

Mark Twain's classic rules for fiction, reflected Morris in a rare burst of pedantry, included: "Employ a simple and straightforward style," "Eschew surplus age," and "Accomplish something and arrive somewhere." Why, then, did English courses of every variety let James creep in through the trap door under the lectern? Why, on the other hand, did most courses on American literature ignore Thomas Wolfe...

Author: By John D. Leonard, | Title: The Cambridge Scene | 7/17/1958 | See Source »

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