Word: walls
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Dates: during 1950-1959
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...beautifully done and quite symbolic. It recalls for many of us here Bernard Lorjou's The Dying Bull, [see cut]. The original painting hangs directly opposite the desk of our senior partner, who finds it an ever-present reminder that no "sacred cows" or immortal bulls roam Wall Street. As Baron Rothschild put it: "Fortunes are made by buying low and selling too soon...
Internist Wolf (who studied the stomach's workings for years by looking inside a patient who had to be fed through a hole in his abdominal wall) believes that "merely restricting the diet has never been known to be of real value." A major exception: cases of bleeding ulcers. Patients allowed to eat what they want have done at least as well as the rigidly controlled, if not better. All ulcer patients react too strongly to stress. "So if a patient falls off the milk wagon, his guilt feelings may cause the gastric glands to secrete more acid...
AFRICA'S BUILDUP is starting to draw big money from private U.S. investors. To finance housing, roads, utilities, Belgian Congo will float $15 million bond issue in U.S. through Dillon, Read & Co., first such Wall Street public offering: bv any African colony since World...
...trouble competing. Though the industry recently got an interim 6.6% fare increase, it will only boost the 1958 profit margin to 2.6%, far less than is needed to pay for jets. Domestic carriers still need $600 million, but simply cannot make the healthy profit needed to attract bank financing. Wall Street is just as cool to equity financing: common stocks of the twelve lines are selling at 64% of book value...
Persepolis. the Persian Versailles, was too grandiose for thoughts of sex, its great stairway "making one feel as insignificant in the face of time as the humble lizard that darts to hide in the crevices of that cyclopaean wall." The storied gardens of Shiraz were a disappointment, but the taxis were flower-decked, and Author Sitwell caught a nocturnal glimpse of the annual migration of the Gashgai tribe, 400,000 men, women and children moving 7,000,000 head of cattle to summer pasture 15,000 ft. above sea level. Jerusalem's Mosque of Omar was "more beautiful than...