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Dates: during 1950-1959
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Lieut. Joseph E. Guion, skipper of Kiowa, and Lieut, (j.g.) Raymond E. Foy, a Navy frogman, described the sight. Said Guion: "It looked like an extremely large shooting star, very white and blinking. It was a little sun falling down." Said Foy: "The light was a lot more intense than the moon. It was almost painful to look directly at it.'' The meteor flared through the sky, disappeared behind a cloud bank, blazed forth below. It slowed down, dimming its light and blooming two parachutes, dropped into the sea about five miles from Kiowa. This was what...

Author: /time Magazine | Title: SPACE: Away from the World & Back | 6/8/1959 | See Source »

Some 2,000 of the nation's top businessmen who gathered in Manhattan last week at the meeting of the National Industrial Conference Board took their annual look at the state of the U.S. economy. Their report was still another confirmation that the U.S. is in the early stages of a new boom. The businessmen thought that a steel strike might slow the economy's pace somewhat in 1959's second half, but not enough to take the zip out of industry-or prevent it from hitting new peaks in many important sectors...

Author: /time Magazine | Title: STATE OF BUSINESS: Picking Up Speed | 6/1/1959 | See Source »

...stocks, concentrated in defensive stocks (utilities, foods, tobacco, etc.), better able to withstand the Depression. By 1933 Robinson and his staff saw light ahead, and M.I.T. began switching out of defensive stocks and into railroads, automobiles, mining and steel. With a poker player's eye, Robinson could look at a company's present and guess its future. He personally researched the Texas Co. (now Texaco, Inc.), persuaded the trustees to buy 15,000 shares. The trust kept on buying until it had put $9,400,000 in Texas Co.; today the shares are still in M.I.T...

Author: /time Magazine | Title: WALL STREET: The Prudent Man | 6/1/1959 | See Source »

...What do emeritus professors do? They lie in the sun and drink." Thus retired member of the faculty jokingly described his occupation as he thumbed through the galley proofs of his recently completed book. The jest was obvious. Many people who look forward to retirement from the business world desire a period of inactivity, and a life of comfortable leisure. This, for the most part, is not true in the academic world...

Author: By Alice E. Kinzler, | Title: Old Scholars Never Fade; Scientists Go Away | 5/29/1959 | See Source »

...fault lies in the assumption of the Fine Arts Department that the way to initiate students to the wonders of the visual arts is to present those marvels in an epic survey. The problem of how to look at a work of art must be studied very carefully if an introductory course's value is to be permanent, if it can serve as a meaningful guide to the student's subsequent visual experiences...

Author: NO WRITER ATTRIBUTED | Title: Introducing the Fine Arts | 5/27/1959 | See Source »

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