Word: ended
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Dates: during 1950-1959
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...cover this week is the fifth bull. (The first four were drawn by Artist Boris Chaliapin; this week's is the work of Boris Artzybasheff.) The theme of this Year-End Review is that the U.S. now has a new kind of stock market and a new kind of economy, to which many of the classical rules of economics no longer apply...
...news quickly flashed across the world: the Air Force's 85-ft. 8,600-lb. ICBM Atlas had been fired, not in a trajectory whose end was a watery South Atlantic target but into the skies. Its tape recording of President Eisenhower's greetings heralded the beginning of worldwide communications through outer space. Earlier U.S. satellites were fired in stages, dropped sections after burnout, and finally flung small instrumented payloads into orbit around the earth. But somehow there was greater impact in the fact that the body of the Atlas went up in one piece, was circling...
...week's end, as the Atlas churned through the skies, brighter than most planets, SCORE ground stations as well as amateur radio operators round the world were tuning in to the President's message, triggered by signals from the U.S., then erased, and transmitted anew to the Atlas, and again played back. It would be seen and heard for 20 days or so before burning up in the atmosphere. But that, obviously, was just the beginning...
...vastness of the federal farm problem at year's end measures the failure of the hopes and promises that Agriculture Secretary Ezra Taft Benson brought with him to Washington nearly six years ago-and no one knows it better than Ezra Benson. In a speech last week in Los Angeles, like the legendary sorcerer's apprentice, he all but pushed the panic button in warning that the runaway price-support programs for wheat, tobacco and peanuts "might soon become disastrous." Said he: "We must complete our revision of the farm programs without delay...
...end of the next fiscal year (June 30, 1960), the U.S. budget is in fact in balance, it will be a political miracle. Vice President Richard Nixon is among Republicans who fear that stout dedication to a balanced budget may type Republicans as rearguardists just when liberals are winning elections...