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...Silence. When, after a five-day lapse (longest so far), the teams faced each other again in Kaesong, the Reds trotted out their moth-eaten demands for a buffer zone along the 38th parallel, as if they were brand-new. Admiral Joy made it clear that his side still insisted on a more defensible line, approximating present battle positions, but that he was willing to discuss some compromise. One day, after Joy had stated his position, Nam II sat silent for two hours and eleven minutes, chain-smoking through his curved cigaret holder, fidgeting and looking at his watch...

Author: /time Magazine | Title: CEASE-FIRE: Declining Chips? | 8/20/1951 | See Source »

...slavishly repeating their natural weaving styles on the special platforms they end up weaving cylinders of silk instead of normal cocoons. The two escape vales through which the mature moth must emerge are set at opposite points of the eliptical double layer cocoon, so that the insect is forever sealed within a trap of its own making...

Author: NO WRITER ATTRIBUTED | Title: Silkworms Fumble Obstacle Course | 8/16/1951 | See Source »

When World War II broke out, the Government announced a truce to prevent U.S. wartime petroleum production from becoming tied up in legal red tape. At war's end, the trustbusters took Mother Hubbard out of the cupboard again. They found that the case was moth-eaten: facts & figures of the indictment, which had taken twelve years to collect, were all out of date. Instead of patching up the case, the Justice Department went out hunting individual oil companies, such as Standard Oil Co. of California, Sun Oil Co., and Richfield Oil Corp. Last week Attorney General J. Howard...

Author: /time Magazine | Title: GOVERNMENT: Mother Hubbard's End | 6/18/1951 | See Source »

...Bulge. Rearmament's demands had also perked up many an industry, notably aluminum. Reynolds Metals net jumped from $1,454,257 to $5,696,031, a 300% rise. Big American Woolen Co., which has either a feast or a famine, watched its profits soar from a moth-eaten $230,000 to $1,095,000. And the once-sputtering airlines were purring like jets: American turned a $1,331,285 loss into a $2,914,610 profit. The building boom, nipped by restrictions on private housing, had merely shifted its base to the bigger boom of expanding defense production...

Author: /time Magazine | Title: EARNINGS: Rosy Box Score | 4/30/1951 | See Source »

...Dollar's court victory. The Maritime Commission had hauled the line off the rocks in 1938 by assuming $9.5 million of its debts. Now that the company was earning $3.2 million a year, the U.S. wanted to keep it. To justify its action, the U.S. hauled out a moth-eaten precedent established in 1882.* Ruled the Department: Dollar's suits had been directed against members of the Maritime Commission and other Government officials as private individuals, did not affect the Government's claims to 93% of the line's stock...

Author: /time Magazine | Title: SHIPPING: Defeat for Dollar | 4/2/1951 | See Source »

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