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Bethlehem Steel set new records with second-quarter profits of $1.59 v. 61/ last year, first-half profits of $2.64 v. $1.13 last year. President Arthur B. Homer reported that Bethlehem's billings of $1.4 billion for the first half also touched new highs; so did production, which was running at 97% of capacity just before the steel strike. From Republic Steel Chairman Charles M. White came another record report to round out the picture: the nation's third largest steel firm ran up quarterly earnings of $2.57 a share v. 98? last year, half-year earnings...

Author: /time Magazine | Title: Business: Embarrassment of Riches | 8/10/1959 | See Source »

...Dodger infield is that old pro-and beloved Brook-lynite-First Baseman Gil Hodges, 35, who can still field like a vacuum cleaner and at .293 put the ball game away with his bat. Last week in the first game against the Giants, he slammed a two-run homer; in the second, he slapped a game-winning double. Later, against the Chicago Cubs, Hodges daringly advanced from first to second on a long fly to center, but badly wrenched his right ankle on the slide and was carried off the field...

Author: /time Magazine | Title: Sport: Charge! | 8/3/1959 | See Source »

...Homer knew it, the Greeks named it, and for 2,500 years Libya was easy pickings for plundering Phoenicians and Romans, Arabs and Spaniards. Turks and Italians. In dismantling the tinny empire of Mussolini-the last of Libya's conquerors-the U.N. gave the ancient Libyan people their first real independence in 1951. Free Libya's legacy from its past includes rich Roman ruins, live German land mines, and a fierce resentment among Libya's predominantly Arab 1,130,000 population against all things foreign. All things, that is, except foreign money, particularly U.S. dollars. Libya gets...

Author: /time Magazine | Title: LIBYA: Poor & Proud | 7/27/1959 | See Source »

...First Baseman Roy ("Squirrel") Sievers, 32, leading home-run slugger in Senators' history with 159 home runs in five years. Back and arm injuries have held his homer production to 10, but now he is in shape and at full power...

Author: /time Magazine | Title: Sport: Fireworks Factory | 7/20/1959 | See Source »

...time of Homer there lived, deep in the interior of Asia Minor, a great king named Midas. The Greeks were awed by his enormous wealth, amused by his odd taste in music. To celebrate the first they grew the legend of the "Midas touch." The king had once wished, they said, that everything he touched would turn to gold, and his wish was granted, even to the inclusion of whatever touched his lips. Before the laughing gods allowed him to rescind his wish, Midas almost died of thirst. As for his taste in music, Midas had the long, pointed ears...

Author: /time Magazine | Title: Art: Missing Link | 7/20/1959 | See Source »

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