Word: fortnightlies
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...students did not even have a grievance. The trouble all started fortnight ago when the municipal government announced a ½? bus-fare increase to help pay for bus drivers' wage increases and for 1,400 new buses. University students were specifically exempted from the fare hike, but that was immaterial. Proclaiming themselves as "defenders of the working class," they seized half a dozen buses and proceeded to the Zócalo, Mexico City's central square, currently being repaved. There the students demonstrated their proletarian solidarity: they played dodge-'em, bump-'em, hot-rodding the buses...
Arrested in Miami last week: Charles Hormel, 45, the smooth-talking, high-flying U.S. citizen who identified himself to a TIME correspondent in Havana as the pilot of a plane loaded with arms that ditched in Guantanamo Bay fortnight ago (TIME, Sept. 1). Charge: violating the U.S. Mutual Security Act by illegally exporting munitions, specifically, a load of arms and ammunition destined for Fidel Castro in his war against Dictator Fulgencio Batista...
Thach's assignment is no less than that of rewriting the Navy's antisubmarine book, of finding defenses against a new submarine revolution that began when the nuclear-powered U.S.S. Nautilus first slid into the sea four years ago. That revolution reached its highest point only last fortnight, when the nuclear submarine Skate poked up in a North Pole ice gap within atom-armed Polaris range of the Soviet Union (TIME, Aug. 25). In its atomic-age revolution, the submarine is no longer a mere marauder against ocean-borne commerce; it is a potential offensive weapons carrier...
Cathedrals (which take their name from cathedra, a bishop's chair or throne) must go, said a bishop last week. Reno's Roman Catholic Bishop Robert J. Dwyer, who blasted Nevada's nightclub nudity last fortnight (TIME, Aug. 18), told a study group in Cincinnati that the concept underlying the cathedral has "lost its reference and validity for the age we live...
...shares outstanding, New York Manufacturer Edward Gilbert and his associates began buying, sent the price to $77 by June. More than 280,000 shares were traded, including at least 16,000 short sales. So badly squeezed were the shorts that the exchange declared a moratorium on June 12. Fortnight ago the exchange lifted its ban on closing contracts, and the trading price jumped to $200 a share in one day. The suffering shorts asked the exchange to declare an official "corner," which would mean determining a "fair" price. The exchange declined, though it reimposed its moratorium last week-leaving...