Word: walls
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Dates: during 1950-1959
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What has pushed the market up, in the eyes of most Wall Streeters, is not easier credit but the fear of a new burst of inflation. Many a Wall Streeter shares the Fed's worry, feeling that anxiety over inflation has lifted stock prices too quickly on the basis of current earnings. This has caused a sharp change in the "spread"-the difference between stock and bond yields. As stock prices have risen, bonds have dropped (see below); while the return on blue chips has fallen to 3.8%, the best bonds now yield more than 4%. In the past...
This Angry Age. A strong but uneven picture, derived from The Sea Wall, a memorable novel about French pioneers in Indo-China; with Anthony Perkins and Jo Van Fleet (TIME, June...
...operated at only 53% of capacity in the second quarter, Big Steel announced that it earned $73.2 million or $1.25 a share, amply covered its regular quarterly dividend of 75?. Earnings declined far less from the year-ago level ($115,943,000 while at 89.5% capacity) than most Wall Streeters had expected. The report at long last destroyed Wall Street's old assumption that Big Steel needed to pour at 65% capacity just to break even. Furthermore, it showed that U.S. Steel's second-quarter rate of income from sales, 8.5%, was the highest of any integrated steel...
...painted on in India ink. He was, said Gide, "an incredible figure . . . plaster-faced . . . gotten up like a circus clown and acting a fantastic, strenuously contrived role which showed no human characteristic." He often carried firearms. Once he was shooting the tops off champagne bottles lined up against a wall behind which some children were playing. Their mother hurried over to complain that her children might be shot. "If that should ever happen, Madame, we should ourselves be delighted to get some new ones with you," Jarry courteously replied...
...Outs. In Trenton, N.J., trusties at New Jersey State Prison, sent into the street to retrieve home runs hit over the wall during an intramural ball game, called police to stop kids from stealing the baseballs before the trusties could get to them...