Word: janning
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Dates: during 1960-1969
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Climbing as smoothly as a U2, the stock market has risen more than 50% from its lows of mid-1962, has advanced 7% since Jan. 1. Last week, for the first time in 41 years, the Dow-Jones industrial average set a new record on every trading day. It rose 10.19 points in all, closing the week at 816.22. Pleasantly surprised that Wall Street's bull had crossed the 800 hurdle without even pausing for breath, many brokers are beginning to talk of a market at 900 before year's end-though they expect stocks to fall back...
...useful to recall that this alliance has had its troubles before. When John Foster Dulles was TIME'S Man of the Year (Jan. 3, 1955), he had threatened his famous "agonizing reappraisal" of U.S. relations with France - which, as always, was being difficult about its role in European defense. There will be many more reappraisals in the alliance without destroying it; and perhaps more of the agonizing will be on the other side...
...U.C.L.A.'s No. 1-ranked Bruins: their 26th straight victory, 91-81, over crosstown rival Southern Cal, in the last game of the regular season-thus becoming the first major college basketball team (TIME, Jan. 17) to go through a full season unbeaten since Ohio State...
Painless & Terrible. His story begins on the night of Jan. 8, 1960, when Hodgins was alone in his apartment. One moment he was dictating a telegram on the telephone; then suddenly all he could say was "ab, ab," over and over. As the receiver slid from his paralyzed left hand, he felt no pain, no dizziness. But he knew that something terrible had happened. Later, in a $108-a-day Manhattan hospital room (the price included three nurses at $20 each), he found out how badly...
...capital gains at a rate no higher than 25%. Beyond that, he will have to pay 100% of the price that the stock sold for on the day that the option was granted (some companies have awarded options at 85% or 95%). The new rules are retroactive to Jan. 1 but generally do not apply to options granted before then...