Word: flare
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Dates: during 1950-1959
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...Ivar Kreuger was both idol and symbol-not, as most men then thought, a Paul Bunyan of finance, but a gross glandular case of surpassing greed. Today, only one tiny match flare from Kreuger's mighty kingdom remains on the financial pages of U.S. newspapers. In mingled hope and irony, Kreuger & Toll 5% debenture bonds, with a $1,000 face value, sell on the N.Y. Stock Exchange for about $40. Before the bond's name appears the tiny letter "q," signifying "in bankruptcy...
...Reward. Extravagantly Nehru praised U.S. conduct in the Suez flare-up, i.e., Ike's forceful denunciation of British and French aggression, informed him that the American attitude opened the door to a new era of confidence and cooperation between the U.S. and India, as well as with the rest of non-Communist Asia. Along with this praise was the implication that India can now act as an advocate of the U.S. among the non-Caucasian peoples of the Middle East and Asia. When the talk turned to money, Ike assured his guest of American willingness to cooperate (possibly with...
...closeup of an ailing, sorrowing Woodrow Wilson, after he had lost his crusade for internationalism-and an equally telling shot of Warren Gamaliel Harding as he testily misses a short putt. The Ku Klux Klan parades in great billowing ranks down Washington's Pennsylvania Avenue and through a flare-lit initiation ceremony in a Georgia glade. J. P. Morgan stares inscrutably through a Wall Street window, Josephine Baker struts her stuff at the U.S.-tourist-packed Folies-Bergère, Al Capone waddles contemptuously in and out of a courthouse, Babe Ruth rounds the bases, Lindy goes into...
Breathing Space. The Polish Communist leaders had settled for "gradualism." The question is: Will a gradual transition to national Communism satisfy the Polish people? The Poznan trials had sparked a vast flare-up of national feeling in Poland. Peasant farmers abandoned their collective farms (280 farms dissolved in the Szczecin district alone), workers took over factories, and university students demonstrated all over the country. The situation paralleled that in Hungary, except that the Communist leadership apparently reacted in time, and so earned a breathing space. Now something of a hero for his defiance of Khrushchev, Gomulka is using every available...
...tragically condemned to watch the rebellion in Hungary flare and thousands die. We have power, not for liberation, but only for annihilation. This does not condemn us, however, to either defeatism and isolation or to reckless war. Russian expansion can still be blocked. Our outraged sympathies must seek their outlet in rebuilding the fortunes of both freedom and peace. Ira M. Lapidus...