Word: fortnightlies
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Dates: during 1950-1959
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...distance down the line, for he had ascended to the Politburo at the top of the hierarchy a dozen years after the oldest hands, was Nikita Khrushchev. It is unlikely that Khrushchev had a personal apparatus powerful enough to catapult him into the general secretaryship of the party a fortnight after Stalin's death. The great institutions behind the struggle obviously settled for the ebullient little man from the village of Kalinovka in the region of Kursk because, at that step of the leadership crisis, Khrushchev had the advantage of a fairly new face, and being a man without...
Whether the exiled Georgy Malenkov will be allowed to manage his dam for long is something that perhaps even Nikita Khrushchev does not know at the moment. But just in case Malenkov must be done away with, Khrushchev laid the groundwork a fortnight ago by a pointed reference to Malenkov's involvement in "the Leningrad Case." This curious purge, and its echoes for nearly a decade, play a key role in the current Kremlin power struggle...
...those businessmen concerned about the U.S. economic mood midway in 1957, a prime indication of the nation's confidence came last week from Wall Street. After floundering aimlessly over the last fortnight, the stock market surged forward, shrugging off all reports of soft spots and vacation shutdowns, the long holiday weekend and other normally depressing factors. In the kind of selective trading that has become the trademark of 1957's bull market, investors sent International Business Machines up 21 points in two days to a new high of 358; Alcoa went to 101 for a 21% gain over...
...Fortnight ago, with 5,043,960 acres of land under lease, Pacific Petroleums' McMahon announced two more wells in the Peace River Boundary Lake region, one producing gas, the other oil. Eight other Peace River wells have already come in this year, boosting the company's holdings to an estimated $70 million. And at Fort St. John, McMahon is busy building a $2,500,000 housing development for the expanding crews of both his Pacific Petroleums and Westcoast Transmission Co. All told, his personal fortune is currently estimated at $200 million, and the assets he controls in partnership...
Prospects are far brighter for oil. Buried under the desert, in three areas 280 miles to 800 miles south of Algiers, are proved reserves of 3.5 billion bbl. and possible reserves of 7 billion bbl. Eight wells are already operating, and a new one was brought in a fortnight ago. Some of the crude is pure enough to power a diesel engine without being refined. A huge natural gas field also was struck 700 miles due south of Algiers...