Word: present
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Dates: during 1950-1959
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...strip characters and hit-or-miss gags. Worse, loud and obvious staging that only Peggy Wood knows how to rise above underlines everything that is tiresome, or tinny, or both. Actually, The Girls in 509 has just enough winning gags and gadgets for a topnotch revue skit. In its present form, Playwright Teichmann, having come up with a bright idea, clung to it until it pulled him down...
Forget the Present. Worry about inflation was one of the factors sending the market skyward. There was also realization that lagging earnings can come back fast (see below). Thus, though stocks in historic terms are overpriced (18 times earnings for the industrials), many Wall Streeters are using a method to evaluate them which simply disregards the present. Said Edmund W. Tabell, top market analyst for Walston & Co.: "What an investor must do is take an average of earnings over the past five years [$32 for the industrials], measure it against projected 1959 earnings [now being quoted at a record...
...week reached a new high (see State of Business). But is the new inflation psychology justified by the economic facts? Answers Dr. Freund: "The stock market reflects a too acute awareness of the long-term aspects of inflation at a time when the danger of inflation is simply not present...
...signs that runaway inflation is not a present danger do not mean that inflation is dead forever. But barring another Korea, or a letup in the Federal Reserve Board's vigilance over monetary policies, most economists feel that the price level will be stable for at least a year...
...merger joins two of the nation's oldest store chains. Hecht was founded as a furniture store in east Baltimore in 1857 by Immigrant Peddler Samuel Hecht, four of whose five sons later entered the business (present Chairman Hecht is a grandson). May Co. got its start in 1878 in Leadville. Colo., a mining boom town where David May, a 26-year-old German immigrant, founded a clothing store. David May spread his stores through the Midwest, and his son Morton J. May, Buster May's father and the chairman of May Co., expanded the chain coast...