Word: knockdown
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...Bonn government to appoint a German ambassador to Spain to act as the official representative of these men, as well as some 10,000 other Germans in Spain. For two years, Spain has had a diplomatic representative at Bonn. Postwar Germany has not forgiven Franco for his sale, at knockdown prices, of Germany's prewar assets in Spain (Madrid's German hospital went for I peseta), and the expropriation of German commercial firms (Siemens, Zeiss. Bayer, etc.) that were once the backbone of Spain's electrical, chemical and optical industries. For two years Chancellor Konrad Adenauer...
...Philadelphia trooped 2,500 convention delegates of the Steelworkers Union, huffing, puffing and spoiling for an old-style knockdown, dragout strike against the steel companies. From Boss Phil Murray down, the unionists appeared fed up with seizure. They had not objected to it at first, when it seemed the quickest way to a big wage raise and the union shop. But expectation had turned to frustration as their collective bargaining demands bogged down in the court test of seizure's constitutionality...
...opponent: Mexican-born Lauro Salas, unknown nationally, but known locally as Asaltador de Gigantes (loose translation: the giant killer). The first time the two met last month, Champion Carter cut the giant killer down to size, though Carter was dumped to the canvas in Round 15. The knockdown earned Salas a rematch...
After a nine count, Turpin gamely got up for more. A wiser fighter might have taken another knockdown and waited out the storm. Robinson flurried him across the ring. In the next 31 savage seconds, with Turpin sagging helplessly, propped against the ropes, Robinson landed 25 blows, chopping at Turpin's jaw, switching to the body, flailing away again at the head. Somehow Turpin stayed on his feet. But the end had come. With only eight seconds to go in the round, the referee stepped between the fighters and mercifully stopped the match...
Elizabeth Arden Graham (May 6, 1946), owner of Kentucky Derby favorites Knockdown and Lord Boswell, lost her Arlington Park (Ill.) stable in the worst fire of horse-racing history - on the same day that TIME'S story on her hit the newsstands. Two days later her Derby entries finished out of the money...