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...moving sculpture of a black mother and child. Because of it he is surreptitiously taken to a white man's home-an action forbidden by law -and given a drink with the family. There, unspoken, he finds sympathy and even love, but hurriedly offered in the passageway lest they all sbe discovered. Almost more than any recent writing about South Africa, the story gives a glimpse of the fundamental decency that Paton insists is there below the official layer of hate...

Author: /time Magazine | Title: Books: Again, the Beloved Country | 4/21/1961 | See Source »

...what belonged in a "period house" have proved intriguing. Last week, with the announcement that she had borrowed eleven paintings by five U.S. artists from the Boston Museum of Fine Arts, her collection numbered 63 items, mostly hung in the President's office or in the family quarters. Lest she be accused of depriving the public of its treasures, she had accepted only canvases in museum storerooms or paintings that the museum could easily spare. The result: a White House gallery that was both a delight and a puzzler...

Author: /time Magazine | Title: Art: The Jacqueline Touch | 4/14/1961 | See Source »

Observing all this bustle, New York Stock Exchange President Keith Funston decided that it was time to pin a red cross on speculators lest they get hurt. Disturbed by reports that many investors were scrambling to buy shares in firms "whose names they cannot identify, whose products are unknown to them and whose prospects are, at best, highly uncertain," Funston delivered a sharp warning: "It is impossible to get something for nothing. Stock prices go down as well as up. Don't invest on the basis of tips and rumors...

Author: /time Magazine | Title: Wall Street: Warning for Speculators | 4/14/1961 | See Source »

Hope now was that Gizenga would get in on the federation lest he lose even the provincial power he currently holds...

Author: /time Magazine | Title: Congo: Confederation Hopes | 3/24/1961 | See Source »

...lower. Since Government bond yields tend to set the tone of all interest rates, this policy would be expected to push long-term rates down, make money cheaper and thus encourage business expansion. At the same time, the Fed and Treasury hope to keep short-term rates from slipping, lest this encourage short-term investments to go abroad, thus step up the gold outflow. The action represents an about-face from the "bills preferably" policy under which the Fed since 1953 has done most of its buying and selling of securities in the short-term market, i.e., U.S. Treasury bills...

Author: /time Magazine | Title: State of Business: Long & Short Seesaw | 3/3/1961 | See Source »

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