Word: primed
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Dates: during 1950-1959
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Signs of trouble flapped in the breeze when 4,000 students gathered in the textile town of Ahmedabad last week to hear Prime Minister Nehru make a speech. They carried black flags-a traditional advance warning that the audience was not going to like the speech, whatever it said. The Gujarati-speaking students were sparkplugs of the movement opposing merger with the more numerous Marathas in the new bilingual state of Bombay...
...made to the Soviet ambassador, who bounced Secretary Popov back to Moscow. That would have closed the case except that the press got belated wind of it last week and heavily criticized the government for its failure to warn the public. The criticism did not seem to ruffle Prime Minister Louis St. Laurent. "Every coun try has a spy system," said St. Laurent complacently. "What happened here was not worth making an international incident about...
...Prime mover behind the new museum is the recently widowed Mrs. Vanderbilt Webb, 64, who thought that the first week's warm reception was a good indication of "what a big need the museum is going to fill." Richly endowed with cash* and energy. Craftswoman Webb started her crusade for handicrafts back in the Depression '305 as a home-based relief project, later founded the nonprofit American Craftsmen's Council, which started its own craft training school (now part of Rochester Institute of Technology), its own magazine (Craft Horizons; circ. 15,000), and Manhattan's America...
Slowdown. Most of the elements of a readjustment have been growing within the market for some time. As credit tightened, pushing business borrowing rates to 4% for prime loans, up to 5½% for others, the spread between stock and bond yields has narrowed, making bonds a more attractive buy. On the Dow-Jones industrial average, the yield is slightly above 4.81% for stocks v. 4.07% for bonds; on Standard & Poor's index, which Wall Street also follows closely, the spread is 4% for stocks v. 3.61% for bonds...
...prime reason is West Germany. On the index of industrial production (1950 equals 100) German factories are clipping along at an alltime record (206 in May) for a 100% increase in five years. Yet wages and prices have been so carefully controlled that there is little inflation; meanwhile, booming exports have piled up gold and foreign currency reserves of $3.8 billion v. $504 million five years...