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...stock market will benefit from popular expectations of 1) inflation, 2) higher profits, and 3) a general pickup in the economy. Just after President Kennedy's speech, the Dow-Jones industrial average scored its best three-day gain of the year, rose 18.76 points to close at a near record 705.13. Predicted Securities Analyst Harold B. Dorsey of Wall Street's Argus Research Corporation: "The annual rate of earnings on the Dow-Jones industrial average stocks in the first half of next year will be more than 10% higher than the best calendar year on record...

Author: /time Magazine | Title: State of Business: Berlin & the Economy | 8/4/1961 | See Source »

Growing Opposition. Yet Balaguer made no attempt to curb three booming, middle-of-the-road opposition parties. One led by three returned exiles, reported signing up 800 new members a day, were met by crowds so exuberant that they even embraced the police escorts. Another group, known as the National Civic Union, signed up 2,500 members in a three-day canvass of the non-Trujillo upper classes. The party's first act was to buy a two-page ad in El Caribe criticizing the government. Balaguer answered with a 2,000-word letter agreeing that changes were needed...

Author: /time Magazine | Title: Dominican Republic: Watching the Transformation | 7/28/1961 | See Source »

...fashion accessories include Fontana's shoes, which can be worn on either foot with equal comfort and no lack of style, Perrone's three-tiered gloves-additional sections of which can be buttoned on as the day grows more formal. But perhaps the greatest contribution to the three-day showings was made not by any one designer or even by the luminous Barberini background but by six giant pythons who gave their lives for the snakiest raincoat in fashion history...

Author: /time Magazine | Title: Fashion: Romantic Fall | 7/21/1961 | See Source »

...these two short novels, La Garibaldina, chronicles a picaresque encounter on a Sicilian train after World War I between a simple, hearty young soldier, joyous at the prospect of a three-day leave home, and a lusty, waspish old baroness who is full of guile and as phony as her title. She is nicknamed La Garibaldina, because she used to be a camp follower in Italy's redshirt army of liberation in the 1860s, a career she has elaborated into her own self-nourishing legend that she was the schoolgirl who inspired Garibaldi's march on Rome. Phony...

Author: /time Magazine | Title: Books: Two Women | 6/23/1961 | See Source »

...much-heralded three-day general strike, called by the leaders of South Africa's 10,807,809 blacks to protest any change in the nation's status, was a flop. Prime Minister Hendrik Verwoerd, the man who had forged the republic and would be its boss, had canceled all police leaves, called up 5,000 armed reservists of the Citizen Force, and ordered the arrest of thousands of potential native troublemakers. As Republic Day approached, police in armored cars rumbled menacingly through native townships. At night, helicopters with searchlights hovered overhead on the lookout for illegal gatherings...

Author: /time Magazine | Title: South Africa: A War Won | 6/9/1961 | See Source »

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