Word: holdes
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Dates: during 1950-1959
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Kaleidoscope (NBC, 5-6 p.m.) Eleven NBC correspondents flung in from the ends of the earth hold a round-table seminar of what goes from Washington to Moscow...
...Northfield is sleepily sedate, and the college bans cars, so socializing is mostly of the walk-and-talk kind. Even the occasional big stomp-and-holler has a cloistered flavor; last year Duke Ellington's band was hired, installed in the only building on campus big enough to hold both musicians and students. After a less-than-frantic first set, the Duke apologized: "The boys never played a chapel before. They're a little tense...
About the same time, a mysterious, repellent force-a kind of anti-gravity that works only when objects are separated by very great distances-took hold of the galaxies and made them fly away from one another. This is what they are doing still. The most distant ones that can be seen with the 200-in. Palomar Mountain telescope are moving away from the earth at 37,000 miles per second or about one-fifth the speed of light...
...capitalists that the number of stockholders passed the 10 million mark. Merrill Lynch alone is adding new accounts at the rate of 950 a week. Mutual funds are growing almost as fast. In 1940 there were only 68 mutual funds with $448 million in assets; today 149 funds hold $12.75 billion in assets, the great bulk of it stocks. Another $12 billion in stocks is held by other institutional buyers such as insurance companies and pension funds. Even such stiff-collared investment bankers as Lehman Bros. and Lazard Frères went into the fund business, unable to resist...
...right," says Commissioner of the Bureau of Labor Statistics Ewan Clague, "but it will take us most of 1959 to do it." Part of the reason is industry's rising productivity, which is expected to continue to rise smartly next year, and which in turn will hold down prices. Inflation showed up in almost every speech by leading economists in 1958, but not in prices. There was little doubt that rising costs, high demands, and big Government spending had woven some inflation permanently into the economy. The big question is: Can it be held in check, particularly since...