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...next day the loan began to have its hoped-for effect. The pound steadied in the London money market, rose from $2.78¼ to $2.78⅝ Speculators who had been selling the pound short in the belief that it might be devalued, began withdrawing from the attack. Further indirect support is almost certain in the shape of a U.S. Export-Import Bank loan, possibly as high as $700,000,000, to help finance Britain's foreign trade...

Author: /time Magazine | Title: Business: Support for Britain | 12/24/1956 | See Source »

...Israelis lit their first candles celebrating the traditional festival of lights (Hanukkah) last week, the government decreed a national dimout. Reason: a fuel shortage that was one indirect consequence of Israel's seven-day victory over Egypt. In homes, hotels and hospitals only one 60-watt light bulb was permitted to burn in any room, and families were restricted to a maximum of 60 kw-h per month. Housewives boned up on how much power each appliance consumed (example: a washing machine uses up one kw-h in 30 minutes), and pinned up self-rationing lists in their kitchens...

Author: /time Magazine | Title: ISRAEL: Consequences of Victory | 12/10/1956 | See Source »

...substances in industry and their appearance in engine-exhaust fumes. Conceding that much of his evidence was circumstantial, Dr. Hueper concluded that "the great majority of lung cancer" is not caused by excessive cigarette smoking. He attributed to cigarette smoking (an "unhealthy habit") "a definite, while lesser, direct or indirect role in the production and rise in frequency of cancers of the lung...

Author: /time Magazine | Title: Medicine: Air Pollution & Cancer | 11/26/1956 | See Source »

...great revival of interest . . . Religion has a better hearing, and less open opposition . . . [But] the extension of church membership . . . should not be allowed to obscure the present state of the world . . . At this time of the greatest need, the influence of religion on human affairs appears to be indirect, and, all told, rather minimal...

Author: /time Magazine | Title: Religion: The Unreal Revival | 11/26/1956 | See Source »

...indirect reply to Psychologist Frank McGurk of Villanova University, who claimed in U.S. News & World Report that Negroes have less capacity for education than whites, 18 psychologists and social scientists from such institutions as Harvard, Columbia, Michigan and the Menninger Foundation flatly denied the McGurk thesis. Though Negro children generally do not do as well in school as the whites, said the 18, their showing has nothing to do with native intelligence, but is only the result of inferior background and schooling. "The conclusion is inescapable that any decision to use differences of the average achievement of the two racial...

Author: /time Magazine | Title: Education: Report Card | 10/29/1956 | See Source »

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