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...Harold Corey sought to correct history. The chewy, watery product that wartime G.I.s damned as Spam was really a lower-grade concoction, made under Army specifications: no ham (Spam itself has 6%-8%), cheaper cuts of pork, longer cooking of meat in the tin so that ersatz Spam could withstand tropical heat or Arctic cold. Naturally, the product had a certain unforgettable stick-to-the-ribs quality that provided a unique gastronomical experience. But it should not have been confused with real Spam. To prove its difference, Hormel claims that "94% of all Americans" now happily eat Spam...

Author: /time Magazine | Title: CORPORATIONS: A Billion for Spam | 9/21/1959 | See Source »

...temperature required for a sustained reaction is, at a minimum, 50 million degrees. No conventional container could withstand such a temperature, so physicists surround the "plasma" of deuterium with a magnetic field whose lines of force are powerful enough to hold it. Then an enormous bolt of electricity is shot into the system to make the plasma particles move rapidly, thereby supplying the necessary heat...

Author: /time Magazine | Title: Science: Getting Closer | 8/31/1959 | See Source »

...trust listed the market value of its stock at just half of what it had paid for it. M.I.T. slimmed its portfolio from 128 to 77 stocks, concentrated in defensive stocks (utilities, foods, tobacco, etc.), better able to withstand the Depression. By 1933 Robinson and his staff saw light ahead, and M.I.T. began switching out of defensive stocks and into railroads, automobiles, mining and steel. With a poker player's eye, Robinson could look at a company's present and guess its future. He personally researched the Texas Co. (now Texaco, Inc.), persuaded the trustees...

Author: /time Magazine | Title: WALL STREET: The Prudent Man | 6/1/1959 | See Source »

...soaring executive and the unleashed bureaucracy." Rights and liberties written into law "have no practical meaning" unless there is an independent institutional power to uphold the law against the claims and encroachments of the executive power. Lacking any popular mandate, the courts are not powerful enough to withstand the executive power without Congress' help. "No Congress," he warns, "no liberty...

Author: /time Magazine | Title: National Affairs: THE U.S. CONGRESS Is It Victim to Democratism? | 5/25/1959 | See Source »

...retire at 50 from a successful business career as a textile executive, Taylor was launched on a second career by his friend J. P. Morgan, who urged him to go to work for U.S. Steel. He cleared the corporation of a $340 million bonded debt in time to withstand the Depression. Famed for his diplomacy in labor relations, Episcopalian Taylor was appointed F.D.R.'s special envoy to the Vatican in 1939, a post he served for ten years with dignity and tact in spite of Protestant carping at home...

Author: /time Magazine | Title: Milestones, may 18, 1959 | 5/18/1959 | See Source »

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