Word: turning
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Dates: during 1950-1959
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...meetings where Hartack rides, matches them against the condition book (an advance schedule of races), and picks probable winners. For 20% of the Hartack earnings, it is Lang's job to get his boy hired to ride winners and still not anger the trainers he has to turn down. It is cited as evidence of Chick's skill that Willie's long losing streak at Tropical Park early last month came while Chick was on vacation and Willie was booking his own rides...
...made a success of his garment business, but his private life was caught in a rusty presser. To get French toast for breakfast, he had to "make out a requisition" the night before; his teenage daughter dispatched him to a movie because "we've got to turn out the lights now and neck." And in the sanctity of his own rooms was a frumpish wife (Sylvia Sidney) who read psychology books, plastered her face with cold cream, put her hair in "irons" and her head in a beauty-lift "hammock." For a long, gentle interlude, the gentleman turned...
...bottom. Said Arthur B. Homer, president of Bethlehem Steel: "Sizing up all the factors, I've felt better about things in the last week. We see some signs already that may mean we will be at a better rate soon. When people regain confidence, when they decide the turn has come, we'll come back fast...
...bulled through a punitive Italian oil law which put such restrictions on private oil companies that Gulf, the last U.S. firm wildcatting on the peninsula, got out (TIME, Feb. 4, 1957). Five months ago he got a concession in Iran in return for a promise to turn over 75% of oil profits, thus overturning the fifty-fifty pattern now in effect in the Middle East...
Copper executives are watching eagerly for the first volume buying that would spell the turn. Current earnings are running below dividends, but the cash-rich copper producers would have no trouble paying them if they thought the turn was at hand. Says Charlie Cox: "We're watching the economy. The pipeline is about dried out. It won't take much to turn prices when the economy perks...