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Farmers traveled to the scene of the strike from nearby desert settlements just to dip their hands into the oil spreading out over the reddish earth. "Blessed be this day," a group of them prayed. In faraway Manhattan, Israeli oil stocks boomed (see BUSINESS...

Author: /time Magazine | Title: ISRAEL: Promise in the Promised Land? | 10/3/1955 | See Source »

Nevertheless, in 1954 the U.S. consumed but 83 million bbls.-4,000,000 bbls. less than the alltime peak in 1947. In terms of per capita consumption, the dip is even sharper; beer sales last year were down almost 15% from the wartime high of 18.7 gals, per person. And beer is not the only beverage industry hit: hard liquor sales have slumped nearly 30% from the postwar high, to 1.18 gals, per capita. And sales of soft drinks are also down...

Author: /time Magazine | Title: CORPORATIONS: The Baron of Beer | 7/11/1955 | See Source »

During the adjustment after the end of the Korean war, a dip in employment brought a chorus of doom and gloom. But never before has the U.S. gone through a postwar economic adjustment with so little disturbance. The number of U.S. residents now gainfully employed (62,703,000) is the highest ever for this season of the year. Unemployment (2,489,000) is a regional rather than a national problem, and is centered largely in chronically sick industries, e.g., textiles and coal...

Author: /time Magazine | Title: THE PRESIDENCY: The Return of Confidence | 7/4/1955 | See Source »

...indeed. In May the alltime monthly steel production record of 10,168,000 tons, set in March 1953, was topped. No one expected that the industry as a whole could maintain the current operating rate of an estimated 96.3% of capacity. Some time this summer, operations are expected to dip, possibly as low as 80% to 85% of capacity, then climb back in the fall...

Author: /time Magazine | Title: STATE OF BUSINESS: Fair Weather Ahead | 6/6/1955 | See Source »

...omens and enchantments, brimming with the life, dress and manners of the time, The Twelve Pictures also breathes life into a profounder theme-the last-ditch war of the pagan spirit v. the Christian faith. Author Simon writes a slightly cramped neo-archaic prose, but few living writers can dip a reader's mind so wholly and fascinatingly in a sense of the past...

Author: /time Magazine | Title: Books: Mixed Fiction, Jun. 6, 1955 | 6/6/1955 | See Source »

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