Word: standardized
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Dates: during 1950-1959
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...right hand," he cried. "It was no fantasy." Fantasy or no, Johansson's tremendous punch against Patterson had already become as much a part of boxing lore as "the long count" that saved the championship for Gene Tunney in his 1927 fight with Jack Dempsey. And by any standard, Johansson's right hand is the biggest thing to hit boxing in years...
Tourist Graham also had a good word to say for "the high standard of Russian morality" and the "moral purity" of the Russians as compared to the broad-daylight sex life he had observed in London parks (TIME, June 22). Said Billy: "I did not see one person walking down the street with an arm around another. We went to a park where thousands of young people were gathered. They held hands, but they were very disciplined...
...Orleans Street Singer (Snooks Eaglin; Folkways). A blind Negro singer in selections from his standard repertory -Let Me Go Home Whiskey, St. James Infirmary. The merit of this unusual disk lies less in the polished, pop-flavored numbers (Rock Island Line) than in Eaglin's moving, soft-burred address to the blues, notably Trouble in Mind...
...richest plum among the oil industry's independents finally fell last week, and it went to one of the strongest integrated majors. In an $810 million deal, Texaco, No. 2 U.S. producer-No. 1: Standard Oil Co. (N.J.)-and refiner, bought California's profitable Superior Oil Co., whose earnings last year totaled $39.20 a share. Superior stockholders will get 24 shares of Texaco for each share they now hold; Texaco will then absorb Superior's holdings and dissolve the company...
...purchase price seems very high (46 times earnings), Texaco knows that the reason is due to a curious bookkeeping quirk. Superior charges off all drilling costs in one year against overall earnings, rather than amortizing such capital expenses against individual properties over a period of years. By shifting to standard accounting, the net per share would double, and the price-earnings ratio drop to about...