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...begun to tighten the supply of metals, driving up the prices of such raw materials as zinc, lead and copper. Despite the great grain surplus, the prices of corn, wheat and other grains also rose because of exports, Government buying and bad weather. As a result, the Dow-Jones index of commodity futures last week rose to the highest level since December 1948. Traders who thought they saw a general rise in prices ahead once more began to talk about buying stocks as a hedge against further inflation...

Author: /time Magazine | Title: WALL STREET: Still Higher | 5/15/1950 | See Source »

Like the charmed rats of Hamelin, Americans scamper to follow the compelling advertisement, convinced that it would be disloyal and remiss not to "remember mother," assured that one remembers her best with cash, once a year. The business index will rise perceptibly, the sweet smell of roses and caramels will steep the land, but on Monday mother will be back at the washtub or Garden Club, bored, neglected and tired. --from the May 9, 1947, CRIMSON

Author: NO WRITER ATTRIBUTED | Title: Mammy! | 5/15/1950 | See Source »

With bellwether steel in such fine fettle, the rest of the economy seemed in good health, too. In March the Federal Reserve Board index of industrial production rose to 186, which was 25 points above the low mark of the 1949 recession, and within 9 points of the 1948 postwar peak. In the same month, manufacturers had booked the greatest amount of new business ($20.6 billion) since the war, 14% more than in March...

Author: /time Magazine | Title: THE ECONOMY: 1 | 5/8/1950 | See Source »

...less a vision than an afterthought. It was conceived one day in 1943 when Adler and Chicago President Robert Hutchins were discussing their plans for publishing the 443 Great Books in a 54-volume set.* Suddenly Hutchins remarked, "We will have published the Great Books. You prepare an index of the ideas contained." It took Adler a while to learn what a job he had taken...

Author: /time Magazine | Title: Education: The Great Ideas | 4/24/1950 | See Source »

Finally, this month, seven years and almost a million dollars later (with the money advanced by the Encyclopaedia Britannica, which will join Chicago in publishing the 54 volumes with index), the Syntopicon was ready. From 443 Great Books by 74 authors, Adler & Co. had plucked 102 Great Ideas, with 3,000 sub-ideas. The Great Ideas ranged from God, with the most references (7,065), to Induction, with the least (284), from Angel to World to Eternity to Temperance...

Author: /time Magazine | Title: Education: The Great Ideas | 4/24/1950 | See Source »

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