Word: poste
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Dates: during 1950-1959
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...shakeup in the civilian hierarchy went one in the army. Liu's old opponent, Marshal Peng Teh-huai, was dismissed as Defense Minister, as were two of his top aides, because they had protested the use of troops in labor battalions. Into the chief of staff's post went General Lo Jui-ching (TIME cover, March 5, 1956), bloody-minded former boss of the secret police, who could be depended upon to ferret out any more "incorrect thinking" among the military...
...Winnipeg find-in August-touched off a treasure hunt for the upside-down seaways. Only a few were lucky. The Post Office Department, which guessed that 600 stamps had been reversed between printings, quickly found 300 of them. Possibly 200 more had been located by dealers or collectors; the rest were lost. Last week the Winnipeg syndicate took up Dealer Bileski's offer, sold him 16 of the stamps for $16,000. For alert Mildred Mason, who first noticed the upside-down seaway, the initial reward was a right-side...
...Journal's success story parallels the prodigious post-Depression growth of the business community, where stocks and bonds traded on the New York Stock Exchange alone are worth some $382 billion today, v. $96 billion just two decades ago. Its high status is a far cry from its humble and parochial birth. Brainchild of three young men named Charles H. Dow, Edward D. Jones and Charles M. Bergstresser, who had made a modest mark by peddling financial news to customers around Wall Street, the Journal was conceived as a stock-market chronicle in 1889. When Dow. Jones...
...grew a bigger price tag by the hour. "We always went big," says Schaerer, "and this was really big. But the school board didn't duck it." One bond referendum was defeated; but just before the next one in 1957 President Eisenhower spoke twice on television in a post-Sputnik appeal for more science education. That did it. St. Charles kicked in the money. Says Schaerer: "Never has a school district had a more talented and renowned speaker supporting...
...Department also expects to raise another $2 billion or $3 billion before January, but does not know at what rate. Some moneymen think that the end of the steel strike will see a big demand and further squeeze on the money market; others argue that the impact of the post-strike demand has already been discounted. In any case the new bonds show that, given favorable interest rates, there is still plenty of money around...