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When war breaks out. so goes the Wall Street maxim, stocks go down and commodities go up. Last week the maxim once more proved true. The news from Egypt set off the widest break in the New York Stock Exchange since the President's ileitis attack of June 8. Led by Royal Dutch-Shell. Gulf Oil and other oil companies with large Mideast holdings, the Dow-Jones industrial average dropped 6.62 to 479.85. But when the President pledged "no involvement." the market bounced up again. At week's end the market had more than regained its losses...

Author: /time Magazine | Title: STATE OF BUSINESS: Middle-East Echoes | 11/12/1956 | See Source »

...radio speech Nagy promised talks with the Soviet Union "on a basis of complete equality," and promised a reform government with "widest possible national and democratic" elements. Kadar said there would be a "deepening of democratization." Pleaded Radio Budapest: "Tell the youth we have a new leadership. All the new party secretaries are in prison under Rakosi. Tell the youths there is no danger." Rumors flashed through Hungary that the Russians were forcing Nagy at pistol point to make his announcements, that he had been arrested and the Russian army command (set up at the battered Astoria Hotel...

Author: /time Magazine | Title: Foreign News: When the Earth Moved | 11/5/1956 | See Source »

...coral for a beach base, Kaiser dredged a lagoon (wangling the necessary permission, including an act of Congress). In the center of the lagoon, he placed a tiny island. When he surfaced off his beach with 30,000 cu. yds. of sand, Kaiser owned the widest beach in Waikiki, named it after Duke Kahanamoku, onetime Hawaiian swimming champ...

Author: /time Magazine | Title: TRAVEL: Henry's Thatched Huts | 9/17/1956 | See Source »

...communications as well as the sources of wealth and power. Education, therefore, must pierce this sham; it must teach the majority how to find out what it really wants and then put those wants into effect. Education is "the learning of cooperative methods for attaining objectives upon which the widest possible majority of the people, young and old, can agree...

Author: /time Magazine | Title: Education: How to Create Utopia | 7/9/1956 | See Source »

...giving top scientists the widest latitude, Bell Telephone Laboratories, the $113 million-a-year research arm for American Telephone & Telegraph Co. and Western Electric, has struck some of the biggest pay lodes in industrial history. In 1948 Bell Mathematician Claude Shannon, projecting earlier studies by Massachusetts Institute of Technology's Norbert Wiener, published Communication Theory, a complex mathematical scheme for measuring information content in communications, as well as evaluating the performance of systems that transmit words and pictures. The theory opened new horizons in telephone and TV transmission, has already found its way into the Air Force...

Author: /time Magazine | Title: Business: $5 Billion Investment in Abundance | 7/9/1956 | See Source »

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