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...government out of business. With the Korean war ended, huge cuts in defense spending were due. Farm income had been falling for two years, and the Administration intended to dump the rigid-support prices that had lessened the slide but had also created history's most gigantic pile of food surpluses. On top of that, after years of peak production, many an economist was sure that...

Author: /time Magazine | Title: Sport: BUSINESS IN 1954 | 1/10/1955 | See Source »

Another important reason for the high cost of insurance is that each insurance company works out its own mortality table, builds in one safeguard after another to pile up a massive reserve to protect itself against "catastrophes" and meet legal requirements. The mutual companies (i.e., policyholders participate in profits), which sell 70% of U.S. life insurance, pay out surplus earnings as "dividends" to policyholders. But to the policyholder, an insurance "dividend" is actually no earning. Says Northwestern Mutual Vice President Robert E. Dineen: "In our business a dividend is actually the return of an overcharge, and to that extent...

Author: /time Magazine | Title: Business: INSURANCE for EVERYONE | 1/3/1955 | See Source »

...field, professional-football champions are described as not "unduly sober citizens," who "belt the bottle or some barroom companions"; on the field, they endeavor to dismember opponents, pile on the runner, and commit various forms of mayhem. What an inspiration to American youth...

Author: /time Magazine | Title: Letters, Dec. 20, 1954 | 12/20/1954 | See Source »

...Disturb us and you will be turned to ashes!" cried the officiating sadhu, a holy man, as Surana's men forced their way through the ring of rubbernecks. The cops attacked a pile of cement slabs with pickaxes and dragged a young Hindu out of a freshly dug grave. A 25-year-old laborer who had become the sadhus' "disciple" only two months before, he was barely alive. But dead or alive, his act of faith would have made the hill a profitable shrine for his masters who would later pass the hat to pilgrims coming there...

Author: /time Magazine | Title: INDIA: Suttee Boom | 12/20/1954 | See Source »

...paced by Hill Smith's probable record-breaking 2:17.5 performance in the 1000 yard run, took eight first places out of 13 events, but the Crimson managed to pile up enough points in the lowers positions to win the meet. The varsity swept the high hurdles and the 600 yard run, and pulled an upset when Goldman won the 35 pound weight throw...

Author: NO WRITER ATTRIBUTED | Title: Varsity Track Team Upsets B.U., 57-52, As Terriers Default in Last Two Events | 12/16/1954 | See Source »

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