Word: l
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Dates: during 1950-1959
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...swear to goodness, ah just can't believe all this is happenin' to li'l ole Van Cliburn from the piney woods of East Texas!" Most everybody agreed with Van. Through a rare combination of sheer talent, the tension of the cold war and the thunderous amplifier of modern publicity, the long-legged 23-year-old winner of Moscow's International Tchaikovsky Piano Competition (TIME, April 21) had overnight become the object of the most explosive single outpouring of popular acclaim ever accorded a U.S. musician. Next week Manhattan will give him a national hero...
...after the bravos, for stars and host alike, there was one sonorous boo from the Washington Post and Times Herald's drama critic, Richard L. Coe. What cooled Coe was the common practice among actors of skipping performances for benefits, TV appearances and the like. That, he argued, is false advertising, since the public is never told in advance that the stars they paid to see will not appear-even when, as in this case, the arrangements were made six weeks...
...Jones industrial average climbed two points higher during the week to hit a new high for the year at 462.56, nearly 43 points better than the recession low of last October. Poor earnings were easily shrugged off. At the annual meeting of Radio Corp. of America, President John L. Burns gave 1,275 stockholders of the world's biggest electronics company the bad news about a 29.7% first-quarter decline in earnings, to $9,000,000. But the stock went down only one-eighth of a point...
...those still in a bearish frame of mind, Roy L. Reierson, vice president of and chief economist for Manhattan's Bankers Trust Co., argued that the leveling out of the economy is still ahead...
...James L. Palmer, 59, president of Chicago's Marshall Field & Co. since 1949, was named chief executive officer to succeed Hughston McBain, 56, who retired as chairman and chief executive after 15 years. Palmer has worked hand in hand with McBain in guiding Marshall Field through a postwar expansion period that saw the opening of three suburban stores, doubled total store space, pushed sales up some 35% (fiscal 1957: $219,011,532). A onetime professor of marketing at the University of Chicago, Palmer joined Field's in 1936, became president after he turned down an offer to become...