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Dates: during 1950-1959
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Suffering increasingly in recent years from ulcers, headaches and fatigue, Walter Robertson sought to resign as long ago as January 1957. Secretary of State Dulles, an old friend, put his arm around Robertson's shoulder and said: "You just can't leave. I want you for policy matters, and you can leave the detail stuff to other people." Last July Robertson wrote out a formal letter of resignation to President Eisenhower, was turned down again. Reason: the Quemoy crisis was brewing, and Robertson's resignation might be read by Red China to mean a softening...

Author: /time Magazine | Title: National Affairs: Fighter's Retirement | 4/13/1959 | See Source »

...atoms all neat round shapes, as shown in the classroom diagrams? Physicist Arthur J. Freeman of the Watertown (Mass.) Arsenal thinks not. Last week, at the American Physical Society meeting at Massachusetts Institute of Technology, he presented evidence from recent experiments at Brookhaven National Laboratory, where billions of reactor-bred neutrons were fired at atoms of magnetic iron, nickel and cobalt. According to Dr. Freeman's mathematical analysis, the neutrons bounced off the atoms' electrons in patterns that indicate that the atoms have varying shapes. The nuclei of iron atoms are surrounded by a cloud of electrons...

Author: /time Magazine | Title: Science: Practical Men at Work | 4/13/1959 | See Source »

...When everybody is cautious," runs an old Wall Street adage, "the danger is about over." Last week there were signs that Wall Street investors were beginning to tread softly because of the worrisome speculative fervor of recent weeks. The New York Stock Exchange was so concerned at the rush for low-priced stocks that it asked members to discourage uninformed speculation. Brokers themselves started to boost house margin requirements on lists of volatile stocks. Others took to the newspapers with ads warning small stockholders not to try for quick killings. The effect was like a tonic on a market that...

Author: /time Magazine | Title: STATE OF BUSINESS: Stabilized Market | 4/13/1959 | See Source »

...Give tax credit to U.S. firms for foreign taxes that are deferred or forgiven "by foreign governments as an incentive to new productive investment." The U.S. Government should also allow companies to deduct losses that they suffer due to changes in foreign-exchange rates, such as the recent devaluation of France's franc...

Author: /time Magazine | Title: WORLD TRADE: Formula for Investment | 4/13/1959 | See Source »

Replying to a question from the audience about recent charges of "bossism" levelled against him by the "liberal" faction of New York Democratic leaders, DeSapio said "I do not want to engage in semantic pyrotechnics." The party is in a state of "healthy agitation," he pointed out, adding "we can never get everyone to agree...

Author: NO WRITER ATTRIBUTED | Title: Head of Tammany Says Party Must Have Unity | 4/11/1959 | See Source »

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