Word: freshing
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Dates: during 1940-1949
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...read in TIME about the battle of the Bulge and the Red Army's smash across Poland, about the bombings of Tokyo and the march on Manila, you might like to know about some of the TIME men who have come home from the wars to get their fresh-from-the-front knowledge of the news into TIME...
Straight from the bickering Balkans comes an editor who spent nine months as a correspondent in Turkey, Bulgaria, Rumania and the Aegean Isles - Percy Knauth . . . From the battles in Italy and southern France comes a Senior Editor fresh from his second wartime assignment to Europe - John Osborne . . . From Egypt and the Middle East comes a TIME correspondent who has been on the Dark Continent all his life, most recently in Cairo -who knows Palestine, Lebanon, Syria, Transjordan, Tripolitania and the Sudan intimately and uncomfortably - South African-born John Barkham . . . And from buzz-bombed Britain comes the man who has been...
...backdrop in the haze. There were the pier, the music, the unbelievable feeling of being home again. There was the luxury of the warm, green-cushioned train, talking its metallic monologue across the wintry miles of home. At Camp Shanks, N.Y., there were white sheets, steaks and cold, country-fresh milk. Like gamblers fingering impossible mountains of winnings, the 1,300 soldiers could see and feel it all. But their minds could not yet quite accept this fairy-tale return...
...Fresh cash came into the market from bondholders, who were also shifting their money into common stocks. At high prices, bond yields are close to record lows. Barren's noted that the ten "highest grade bonds" on its index paid only 2.6% interest. Any broker could rattle off a string of common stocks paying upwards...
There was also talk of another source of fresh money, the estimated $10 billion a year once bet on horse racing. Wall Streeters coldly disclaimed any relationship between horse betting and speculative stock buying, indignantly denied that racetrack cash was coming into the market. But in Los Angeles stock buying spurted when nearby tracks were shut down. Many a buyer paid off in the kind of currency frequently seen at tracks, rarely in brokerage offices-$1,000 bills...