Word: mininger
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Dates: during 1950-1959
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The White House put so much behind-the-scenes heat on wavering Republican Congressmen (who voted 2 to 1 for the bill) that baffled Tariff Lobbyist Oscar R. Strackbein, after betting a month before on a victory for the protectionists, glumly observed: "I have never seen such pressure since the...
Interior Secretary Fred Seaton, who got only tepid support from miners for his Domestic Mineral Stabilization Plan (TIME, May 19), last week won more enthusiasm with a new proposal for copper. The new one-year plan calls for Government stockpile purchases of up to 150,000 tons at prices up...
Best Bargain. Like many another big-league ballplayer-Bob Feller, Mickey Mantle, Willie Mays-Bill Mazeroski benefits from an asset even more valuable than his own hard-muscled (5 ft. 11½ in., 185 lbs.) frame: the ambitions of a baseball-frustrated father. Lewis Mazeroski, whose own baseball hopes ended...
Part of the investors' interest could be attributed to gold's traditional role as a hedge against recession. While many other industries struggle to sell their product, the U.S. Government buys all domestic gold output; thus as mining costs decline (at least theoretically) and the selling price remains...
But a much bigger reason for the new interest was continued gossip that the U.S. will soon raise the price of gold from $35 an ounce, where it has stayed since 1934, to $40. Such an action, went the talk, would not only ease the profit squeeze on many of...