Word: often
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Dates: during 1950-1959
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Balanchine's plotless episodes were set to later, drier Webern-music that chattered, squeaked, moaned and repeatedly died away in cacophonous little cries. Dance matched music with some wonderfully inventive and often funny sequences of movement. In one pas de deux (set to Five Pieces, Opus 10), Balanchine has a man and a woman approach each other time and again in an elaborate effort to embrace, only to have a final miscalculation leaving them clutching at air. Vastly different in their approaches, both Balanchine and Graham were remarkably successful at illuminating Webern's sparse, mostly atonal scores-perhaps...
Word for Word. When the Anglicans began to work among the Eskimos in 1820, they found them more than ready for Christianity. The animist Eskimo religion is formidable with taboos, short on nourishment for the soul and solutions to community problems. Taboos often left an Eskimo physically as well as spiritually starved; for example, certain parts of an animal were forbidden to be eaten if a man had recently died in the community, other parts were forbidden if a woman had died, and frequently, when both a man and a woman had died, everyone went hungry...
...rules also bring convertible debentures under margin rules for the first time. After converting the debenture into stock, the investor has 30 days to supply the 90% margin. The Fed will also keep a close watch on bank credit, which has been used to get around margin requirements. Banks often lent up to 50% on stocks. Now, if the bank lends more than 10%, both a bank officer and the borrower must sign a statement that the funds will not be used to buy listed securities...
Limiting his selections to five or six stocks at a time, Darvas often studies one for weeks or months before buying. He steers away from blue chips, buys only growing companies. "I am only in infant industries where earnings could double or treble," he says. "The biggest factor in stock prices is the lure of future earnings. The dream of the future is what excites people, not the reality...
When money rates are rising, even well-priced bond issues often meet a cool reception because buyers are waiting for still higher rates. Last week the U.S. found buyers scarce for its latest issue. To holders of $1.8 billion in maturing issues, the Treasury offered to exchange a short-term (one year), attractively priced (4.05%) issue. Instead of taking the new issue, 30% of the noteholders asked for $547 million in cash, highest attrition rate since the record...