Word: senting
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Dates: during 1950-1959
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...sure that things were going his way. He had called the legislators into special session to pass a set of carefully lawyered bills designed to grant him sweeping new powers-to close down schools threatened by mob violence or by federal troops sent to secure integration, to transfer state funds from any closed school to any new segregated private schools, to provide, a general kickoff appropriation of $100,000-and he knew the legislators were with him. Governor Faubus, a darkly handsome and composed man when enjoying the smooth of life, set a quiet, deliberate tone as he read...
...beef. To the Seventh Fleet of Vice Admiral Wallace ("Beak") Beakley steamed the carrier Essex and four destroyers from the Middle East, the big carrier Midway and the heavy cruiser Los Angeles from the West Coast. U.S. fighters rolled onto the ready line on Formosa, and Tactical Air Force sent out from the states a reinforcing squadron along with air cargo support planes from the Military Transport Service-all meaningful public warning that the U.S. means business...
Barely 72 hours later, the Communist military commander for the Fukien district of South China, who may not be a madman but hardly qualifies as a preserver of the peace, sent crashing out an entirely different message, addressed to the Nationalist Chinese garrison entrenched on Quemoy Island: "No military works can avoid complete destruction under the assault of our modern army and air force . . . The landing on Quemoy is imminent . . . Surrender...
...about $42, expecting the stock to decline because book value and earnings indicated a price closer to $30 a share. They guessed wrong. Trying to oust the Bruce family management, which owns 31% of the 314,600 shares outstanding, New York Manufacturer Edward Gilbert and his associates began buying, sent the price to $77 by June. More than 280,000 shares were traded, including at least 16,000 short sales. So badly squeezed were the shorts that the exchange declared a moratorium on June 12. Fortnight ago the exchange lifted its ban on closing contracts, and the trading price jumped...
...chances of more such subsidies or tax relief are good. Last week eight U.S. Senators from heavily suburban New York, Pennsylvania, New Jersey and Connecticut sent a plea to the Senate Interstate and Foreign Commerce Committee to find a solution to commuter woes, urged "that the Federal Government not preside over the liquidation of vital railroad services." But rather than federal aid or higher fares, the Interstate Commerce Commission believes that more local subsidies for rails are the solution. Says ICC Chairman Howard Freas: "If an urban or interurban commuting service needs subsidizing, it should be by the communities served...