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...last week's lower prices. Furthermore, on the basis of past performance, companies could suffer some drop in profits without any damage to their dividends. Prewar, corporate dividends averaged 74% of earnings, whereas recently they have averaged only 58%. Another hopeful market portent; despite Dwight Eisenhower's plea for extension, the excess profits tax seemed all but dead come June 30 (see NATIONAL AFFAIRS...

Author: /time Magazine | Title: THE ECONOMY: Truce Tremors | 6/15/1953 | See Source »

Highway to Hollywood. One advantage of Noyes's traditionalism was that his work quickly became popular. His first collection, The Loom of Years (1902), was welcomed alike by George Meredith and Punch. When he wrote The Phantom Fleet, a poetic plea for a bigger & better British navy, even the Admiralty was roused. "The Navy League made use of it on Trafalgar Day ... and presented me with a walkingstick made of the oak and bronze of Nelson's Victory...

Author: /time Magazine | Title: Books: Life on the Right Bank | 6/15/1953 | See Source »

...Committee urged members to brush up on the reports of Congressional investigators and the Legion's own Firing Line--a self-styled guide to subversives. Armed with this information, the veterans found further encouragement in "Now Hear This!," an article appearing in the American Legion Magazine. It was a plea that Legionaires warn their fellows against red tinted lecturers, and if necessary, "Picket the meeting. Your fellow citizens . . . might voice displeasure at your ways and means' but they do wake...

Author: By John S. Weltner, | Title: Legion Labels Academic Purges "Americanism" | 6/10/1953 | See Source »

...release it until five days later. Under the niceties of diplomacy, letters between heads of state are not made public until both governments agree. By "the time the White House got Prague's approval, the Czechs had already trumpeted the "humanitarian" explanation that it was Laurabelle Oatis' plea that got her husband out of Pankrac Prison...

Author: /time Magazine | Title: The Press: A Letter from Ike | 6/1/1953 | See Source »

Though the G.M.-U.A.W. contract (renewed in 1950) still has two years to run, and the union had no legal means of forcing its reopening, G.M. agreed to do so on the union's plea that long-term contracts must be "living documents'' subject to revision in the light of changing economic conditions. Said G.M. President Harlow Curtice, who wants to keep the comparatively strike-free status G.M. enjoys in the auto industry: "[The agreement was] a practical solution to problems created by the Korean war with its resulting inflationary impact...

Author: /time Magazine | Title: MANAGEMENT: G.M.'s New Pattern | 6/1/1953 | See Source »

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