Word: six-months
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...impractical. In conference with a group of newspaper, magazine and broadcasting representatives invited to discuss the situation, Dulles modified his previous proposal (TIME, May 6) for pooled coverage by a limited number of "responsible" correspondents and offered to lift the ban for ten to 15 newsmen for a six-month trial period. His aim: to restrict China coverage to the twelve* news-gathering organizations that had correspondents on the mainland before the Communists took over...
...group because it ignored "technological" changes since the war, i.e., the growth of TV reporting. Also, argued the Holyoke (Mass.) Transcript-Telegram's William Dwight, president of the American Newspaper Publishers Association, "economic factors" provide a built-in limitation on the number of correspondents in China. Probable outcome: six-month visas for 20 to 35 newsmen...
...steel and retail trade, the picture was much the same. Republic Steel Corp., the nation's third biggest producer, estimated a record six-month profit of better than $51.5 million, expects to set new highs all around for 1957 as a whole; Jones & Laughlin Steel Corp. and Lukens Steel Co. both bettered last year's records, Lukens with a 16.2% jump to profits of $2,613,666 for the second quarter. Safeway Stores, Inc. reported a second-quarter profit of $7,390,260, some 33% better -than 1956, while Macy (R.H.) & Co., Inc. predicted sales for its fiscal...
...eight journalists were arrested or indicted, and 15 French publications were confiscated in Algeria and Paris for stories and editorials critical of the government in the six-month period. As Defense Minister, concluded the I.P.I, report, M. Bourges-Maunoury "revealed to the world, if such were still necessary, the weakness of French politics and the panic of officials who wish to govern with the approval of the public-yet fear its reactions...
...first six months last week, President S. Clark Beise of California's Bank of America, biggest U.S. bank, noted that assets had topped $10 billion for the first time, and that deposits showed a $400 million gain since last year to $8.9 billion. But the bank's six-month earnings were cut by $1,800,000 to $35.1 million because the bank had hiked its savings-deposit interest rate from 2% to 3% in January. In New York last week, some banks edged up savings-deposit interest...