Word: postwar
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Dates: during 1950-1959
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MUCH has been written-and much more said-about how the recession compares with the other two postwar business declines. Last week, studying a series of remarkable charts, economists and businessmen could prove what they had suspected: this recession is the shortest of all, and the one that sends into retreat some of Lord Keynes's cherished theories. See BUSINESS, Three Recessions...
Last week the Dow-Jones industrial average rose 15.21 points, burst through the 500-mark for the fourth time in history. At week's end the average stood at 501.76, highest since Aug. 5, 1957, and within hailing distance of the alltime postwar high of 521.05. Even more surprising was the volume: 18,581,325 shares, heaviest week of the year. Instead of tapering off at the weekend as it often does, the buying increased steadily, left the tape minutes behind as 4,427,280 shares, double the normal volume, changed hands on the closing...
...West's military leaders have long understood that their Soviet counterparts were thinking along lines quite different from postwar Western military thought. This difference was condescendingly put down to a time lag on the part of the Russians; they were believed frozen in the experience of World War II, unable to face the implications of the new nuclear weapons. This week, in a coldly penetrating study* of modern Soviet military doctrine, Russian-speaking Raymond L. Garthoff, 29, Defense Department analyst and specialist on Soviet military writings, enters a strong dissent. Since the death of Stalin in 1953, says...
Died. Vice Admiral James Henry Flatley. U.S.N.. 52, aerial-gunnery expert and World War II ace in the Pacific, skipper of Fighter Squadron No. 10, who won the Navy Cross in the Battle of the Coral Sea, was later a key figure with Navy's postwar air-training program; of cancer; in Bethesda...
...giant molecule of slightly variable composition that is found in chromosomes, and it is believed to be the substance that determines heredity and governs all cells (and therefore all life) from the stronghold of the nucleus. DNA has been known to exist for years, but until postwar years little was known about it. Now it is being attacked from many angles by nearly every breed of scientist...