Word: gloom
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...gloom of the '57-'58 recession, many a U.S. railroad sought merger partners to strengthen its condition. For 14 months the Pennsylvania and the New York Central, the nation's No. 1 and No. 2 roads, talked, thought and studied. Last week the Central flashed the red board. It announced that it was suspending the Pennsy merger talks until "three or four systems of nearly balanced economic strength in the East" could be studied. Conferences among smaller roads in Portland (Me.) and Cleveland (TIME, Dec. 1), said the Central's directors, indicate "a new climate among...
...Hollywood, looking at the statistics for a so-so year, managed to keep from dissolving in gloom. Only 216 pictures went into production during 1958, as, opposed to 297 in 1957, and movie-theater attendance dropped 7.6% from 1957. But theater owners cut their losses to 2.5%. Their method: raising admission prices...
After a summer and autumn of gloom and despair, the ugly American has almost completely lost confidence in his ability to distill meaning from world affairs. His nation stumbles through the wilderness to cope with crisis succeeding crisis, to preserve a makeshift peace. It is no wonder then, that he has become disenchanted with the symbols that have traditionally expressed his unspoiled optimism: tolerance, dignity of man, democracy...
Charles de Gaulle's top aides were on the phone to Algiers a dozen times a day. At each call their gloom deepened; De Gaulle's grand design for Algeria had struck a deep snag...
...Sputnik Syndrome is characterized by whirling satellites before the eyes, by alternating periods of deepest gloom and wildest premonitions of impending doom, and by the steadfast conviction that the U.S., helplessly and hopelessly, is falling behind the U.S.S.R. in military technology. Since last Oct. 4, when Russia's Sputnik I spun into the sky, the syndrome has afflicted many who should know better. Proclaimed Columnist Joseph Alsop three weeks ago: "It is now the Eisenhower Administration's policy to permit the Kremlin to gain an overwhelming superiority of nuclear striking power in the next five years." Wrote retired...