Word: half
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Dates: during 1950-1959
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...small group of Portuguese Jesuits introduced the Japanese to Christianity in 1549, their success was striking: in only a little more than a generation there were between 300,000 and 600,000 Christians in the country, which had only a third of its present 91.6 million population. (About half a million are now Christian.) Buddhism was in decline; people were impressed by the Jesuits' European science and their surprising concern for social morality and the sanctity of human life. The success of the new religion soon convinced Japan's feudal warlords that Jesus Christ was dangerous competition...
...Automakers sold 503,890 cars in April -first half-million month since June 1957 -and they produced 578,825, the most since 1955. More important, the production rate was gaining speed, advanced 13^% from late April to early May, and was 74% ahead of last year's pace...
Even with the loss, the U.S. still has half the world's monetary gold. But there is a question how long the U.S. can afford to lose gold without feeling it. By law the Treasury must have gold reserves equal to 25% of the Federal Reserve's notes and deposits, or about $12 billion. It also must be able to redeem some $16.6 billion in foreign time deposits in U.S. banks, foreign-held U.S. Government securities and similar claims. In the unlikely event all foreign claimants demanded to be paid off in gold at once, the gold backing...
...growing signs that the U.S. policy of helping Europe to boost exports was running according to plan. Said Per Jacobsson, director of the International Monetary Fund: "I do not think the U.S. gold outflow represents any real threat to the dollar. With the U.S. possessing more than half of the world's gold it would be absurd to say that...
Many stockholders are baffled by splits; they think that a 2-for-1 split doubles their money. Actually a stock split does not of itself increase the stockholders' equity at all. The new shares are based on the same corporate net worth, thus are technically worth precisely half the old. Sewell Avery, former board chairman of Montgomery Ward, long opposed splits, sneered at them as "two hat checks...