Word: generalized
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Dates: during 1950-1959
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Mark Lass, plump, solemn and 61, claimed he had been a Red general. His brother Boris, 64, he said, was a concert violinist and had been the Soviet Union's top art official in the early 19205. They left Russia for Japan in 1926, taking with them 200 "masterpieces" collected by their mother. Settling finally in Manhattan, they became naturalized citizens in 1945. By then their collection totaled some 280 canvases, which they valued at about $25 million, included paintings with such signatures as Gauguin, Van Gogh, Soutine, Cezanne and Monet. But money was running out. Nine months...
After a year of the tightest money since the 1920s, the U.S. last week experienced a slight easing in the general demand for funds. It was partly due to the depressing effects of the steel strike and industry's uncertainty about investing heavily in inventory before a settlement is reached. But the Federal Reserve Board also eased money to take care of the usual extra demands around Christmas by permitting member banks to count a percentage of their vault cash as reserves, thus in effect adding some $1.4 billion in lending power...
...biggest company towns (pop. 160,000), Anton's son-in-law. President Frans Otten, and Anton's son. Vice President Frits Philips, direct an industrial empire that has 66,000 employees in Holland, 114,000 in the rest of the world. It thus rates after General Electric as the largest employer in its field, generates 12% of Holland's industrial export income by turning out scores of products including Christmas tree lights, Norelco electric shavers, television sets, super-powered electron microscopes, hospital equipment and musical recordings. At the drop of an order, the company can overhaul...
...rising volume and constricting profit margins, Philips is the envy of its competitors. Although 1959 sales are 15% over 1958, the profit margin actually is widening (e.g., 7.6% so far in 1959 v. 6.8% last year). Even last year, Philips' return on sales was higher than General Electric's, which was 6.1%. Looking ahead, the stockholders, whose investment has appreciated six times in ten years, firmly believe, with President Otten, that "growth is in our blood...
...Director William Wyler's $15 million film version of Major General Lew Wallace's Biblical bestseller (1880) is not only the most expensive screen spectacle ever produced but also the best...