Word: shared
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Despite the fact that they get from France more than they pay back in the form of sugar, rum, coffee and bananas, the islanders are now demanding an ever greater share of the central government's money. They complain that the minimum wages still hang below mainland standards, fret about the population surge that is adding 16,000 people a year to Martinique's current 265,000 (on 385 sq. mi.) and Guadeloupe's 250,000 (on 588 sq. mi.). A potential income source is tourism; the islands offer balmy beaches, inexpensive French champagne and perfume...
...Director Frank Schaffner left little doubt about whom he had in mind. Among other coincidences, the chairman of the Senate committee is gruff and dry-throated (Arkansas' Senator McClellan), the Senate's counsel boyish and shock-haired (Robert Kennedy). The Rank and File had more than its share of walking, talking cliches, was clearly less concerned with presenting moving characters than with characterizing a movement. But if nothing else, it succeeded in dramatizing the breathtaking reversal of political fortunes that transformed, in one generation, yesterday's picket-line victims into today's labor masters...
This was no isolated phenomenon. "Cargo cults" ("cargo" is pidgin English for trade goods) have been observed repeatedly in the islands of Melanesia (including New Guinea, the Solomons and the New Hebrides). All of them share the belief that black men will acquire the white man's magic to materialize goods from overseas without doing a lick of work. British Sociologist Peter M. Worsley writes of the cargo cults in the May issue of the Scientific American, and lists and locates 72 of them...
Germany, which recently cut corporate taxes on dividends from 30% to 15%, the index of average share prices vaulted from $45.24 on last Dec. 30 to $59.29 last week. In Britain, where the bull started putting on meat after the Conservative government lifted restrictions on consumer credit, the stock index piled record upon record all last week, closed 56% above the low of February...
Helping the bull markets is the fact that governments publicly encourage share ownership by the little man. The West German government has begun to sell shares of state-held companies to middle-class investors in a bold step toward denationalization (TiME. April 13). But markets are so thin that a little buying can send a stock to giddy heights. Four-fifths of West German corporate stock, for example, are locked in institutional portfolios. Companies are reluctant to float more because of heavy taxes. Daimler-Benz has 93% of its stock in the hands of institutions and other companies...