Word: janning
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Dates: during 1950-1959
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Congress' refusal to raise the ceiling on the long-term end of the Government bond market has forced the Treasury to do all its financing in the inflationary short end. Between now and Jan. 1, the Treasury has to refinance almost $12 billion in old debt and borrow $7 billion in new cash. So much money borrowed in the short end has created a strong pressure to shove all interest rates higher. The process is already operating. Last week, as the 91-day bill rate went up to nearly 4.2% from 3.979% on the sale a week before...
...toward. Thus they might have been shooting either at or toward the moon. The final payload, they said, was a sphere weighing 859.8 lbs. and carefully sterilized to avoid contaminating the moon. It was slightly heavier than the payload of Lunik I that missed the moon on Jan. 3, 1959 and soared on into a solar orbit...
...called Fair Game, was given an insultingly inept performance. After a quick reshuffling of plans, the Playhouse bounced back with a fairly amusing production of F. Hugh Herbert's delightful sophisticated comedy, The Moon is Blue, in which Frank Langella and Frederick Morehouse '59-3 performed with considerable skill. Jan de Hartog's The Four-poster, a series of lovely vignettes of married life, came off moderately well in the hands of Tad Danielewski and Sylvia Daneel; but the play really cries out for polished husband-and-wife teams like Hume Cronyn-Jessica Tandy and Rex Harrison-Lili Palmer...
Although the ending of the Tombstone Law dictated the precise timing of the marines' departure, all three had another reason for retiring before the mandatory age of 62: they had been passed over when President Eisenhower named Major General David Shoup, 54, to become Marine Corps commandant effective Jan. 1, 1960. Explained General Megee in Honolulu: "I am retiring because of the feeling that when the Defense Department selects a junior officer for the top spot, it is best to show loyalty by stepping aside...
...famous five who were killed by the Auca Indians in Ecuador on Jan. 8, 1956 was Nate Saint (TIME, Jan. 23, 1956), and some clues to the making of a missionary are to be found in his biography, published this week under the title Jungle Pilot (Harper; $3.75). The author is Russell T. Hitt, editor of the interdenominational Protestant magazine Eternity, but as Editor Hitt admits, the book was more than co-authored by Nate Saint himself, who kept a diary in which his personality comes through strong and clear...