Word: fasting
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Dates: during 1960-1969
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...twisting alleyways of the old city, digging out the Communists turned out to be a tough task. After two days of combat, President Thieu phoned ARVN I Corps Commander Lieut. General Hoang Xuan Lam and demanded that he get Hué back in allied hands?and "get it back fast...
...Marine Lieut. General Robert E. Cushman Jr. knew how to get it back fast, but only at the cost of reducing it to ruins, and turning much of Viet Nam's heritage to crumbled stone. So the Skyraiders, wheeling and diving over Hué in support of the allied counterattack, at first used only guns and rockets no larger than 2.5 in. in order to protect the city's buildings and royal tombs and monuments. When after four days the Communists still held more than half the city, heritage was reluctantly sacrificed to necessity and the bombs loosed on the Citadel...
...longer the canal stays shut, the harder it will be to open. Silt is piling up in the canal so fast in the absence of dredging operations since June that five feet of navigable depth have already been lost. "If the canal stays closed another year," said an American engineer in Beirut last week, "it will be in such bad shape that they might as well turn it into an irrigation ditch and plant potatoes around it." Even the Egyptians seemed to be looking for alternatives: off to London last week went an official delegation to discuss construction...
...degree, pension funds are operating so exuberantly that in this year's first month volume rose 62% on the American Stock Exchange and went up 20% on the New York Stock Exchange. Trouble is, the exchanges and the back offices of brokerage firms have not expanded and automated fast enough to keep up with the increase. In the resulting snarl of tape and paper, countless buyers have either received the wrong confirmation slips and stock certificates or failed to receive any at all. As they struggle to straighten out the mess, brokers earning upward of $50,000 a year...
Analysts are most concerned about a stock's price-earnings ratio-that is, its price relative to earnings per share expected in the current year. Professionals tend to assign rather low P-E ratios to companies with profits that are rising only as fast as the U.S. economy's gross national product. Thus, the Dow-Jones industrials now have P-E ratios averaging less than 17 to 1, down from 21 to 1 just before the 1962 market break. Analysts give much more generous P-Es-50 to 1, or more-to companies with profits that rise faster...