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...from a Solomons base streaked 16 twin-tailed Army Lightning fighters, feathering their own wind-blown wakes as they hugged the water to stay out of the beams of Jap radiodetectors. Near the enemy base at Kahili, twelve of the pilots horsed back on their wheels, ripped skyward with whining turbosuperchargers to give top cover. The four near the water bored on, found unexpected game: three Jap bombers waddling home with a heavy cover of Zeros...

Author: /time Magazine | Title: Army & Navy - HEROES: The Younger Generation | 5/31/1943 | See Source »

...Profits and the Losses. The court decisions raised hob. Hardest hit were junior bondholders and stockholders in receivership railroads. They have watched railroad profits soar skyward for months, had become convinced they could get the ICC-sponsored reorganization plans changed enough to make their holdings highly profitable. When the Court said no, receivership rail stocks on the New York Stock Exchange nose-dived 50 to 80%. Prices for junior bonds jumped the tracks. Western Pacific preferred stock flopped from $3 to 70?; Rock Island 7% preferred from...

Author: /time Magazine | Title: Judgment Day | 3/29/1943 | See Source »

...boat supply ship and learns a Nazi trick of mining torpedoes with delayed-action detonators. Disguised as Nazis, the Sybil Gray crew replenishes three Nazi submarines with these mined torpedoes. A few seconds after each U-boat submerges, it is blown to smithereens. As the victims spume skyward the U.S. crew cheers as merrily as if Dick Rover had just pasted another one into the bleachers...

Author: /time Magazine | Title: The New Pictures, Nov. 23, 1942 | 11/23/1942 | See Source »

...risk insurance has kited shipping costs skyward. Britain is harder pressed than ever for shipping space, and has not enough warships to safeguard her own sea lanes. Yet the Moslem faithful of India this week set sail for Mecca in British ships, convoyed by the Royal Navy, paying pre-war fares ($52 for deck space, $186 first class) for the privilege. Government subsidies will offset any possible loss to the shipowners. In his resting place (halfway between heaven and earth), Mohammed the Prophet was doubtless gratified...

Author: /time Magazine | Title: Religion: Redbeards to Mecca | 11/18/1940 | See Source »

...evening last August, just before Hitler's armies marched into Poland, three backers agreed to put up the $1,500,000. Then Hitler marched into Poland and the stockmarket shot skyward. Overnight two of Editor Ingersoll's angels backed out, decided that the place for their money was in the market. Ingersoll swallowed his disappointment and set out to find new backers...

Author: /time Magazine | Title: The Press: Birth of a Daily | 1/22/1940 | See Source »

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