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Meanwhile savings, the time-honored bulwark against the hazards of age, have shrunk in proportion to the demands of medical care. In the years when today's oldsters worked and saved, wages were relatively low. Inflation and the high costs of modern medicine and surgery have scrambled many a nest egg. In the past decade, medical costs for the aged have about doubled. Today the average couple over 65 spends $140 a year for medical care, or $700 if hospitalization is needed. But 57% of the aged have means of less than $1.000 a year, counting social security benefits...

Author: /time Magazine | Title: National Affairs: Pain, Pressure & Politics Make Powerful Medicine | 5/9/1960 | See Source »

...esthete or an ascetic, and he is somewhere in between. His face, hollow-cheeked, cleft by the lean curve of an aristocratic nose and scoured by furrows, might have been carved by the sea itself. His body is gnarled. "My!" said one fluttery female admirer, "have you been shrunk by pressure...

Author: /time Magazine | Title: Sport: Poet of the Depths | 3/28/1960 | See Source »

...Brussels, stocks are well down from their peaks. The slide was led by stocks in African companies, and it has been going on for almost two years. Congolese shares listed on the exchange were valued at more than $3 billion in 1958. By last week they had shrunk to $1 billion. Despite Congolese promises of economic cooperation at the recent Brussels talks, Belgians fear for their investments once the Congo becomes independent this summer...

Author: /time Magazine | Title: BUSINESS ABROAD: Reaction to Wall Street | 3/28/1960 | See Source »

Later, in Manhattan, attacking the Administration, Jack Kennedy looked over the land, overlooked prosperity, and seemed to see a U.S. shrunk even from the Khrushchev vision ("a limping horse"-see FOREIGN NEWS). "Seven million have an income of less than $2,000," he proclaimed to the New York politicos. "There are 15 million on a substandard diet; 17 million are not covered even by the $1 minimum wage. We have more than 3,000,000 unemployed workers with jobless benefits averaging less than $31 a week." In Fresno, Humphrey took up the same theme: "We cannot, in good conscience, enjoy...

Author: /time Magazine | Title: POLITICS: Poetry & Potshots | 2/22/1960 | See Source »

...satire is that too often it tickles where it ought to jab. Only in the last reel does the customer stop giggling, as in the bottom of the champagne glass he suddenly sees something hard to swallow. The moviemakers make him swallow it anyway. Oddly enough, Germans have not shrunk from the experience. Rosemary is the second most popular picture made in Germany since...

Author: /time Magazine | Title: Cinema: The New Pictures, Feb. 8, 1960 | 2/8/1960 | See Source »

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