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...event for U.S. and European record companies. Costs are lower ($8 an hour for a violinist v. $42 in the U.S.), the big stars are on hand for Europe's summer festivals and therefore easier to get at, glamour names like La Scala Orchestra and Chorus help to boost sales back home. Philips, Columbia's European affiliate, has snapped up the San Carlo Opera House in Naples, HMV-Angel has moved into Milan's La Scala and London-Decca into Florence's Teatro Co-munale. One of the busiest of all this year is Rome...

Author: /time Magazine | Title: Music: Recording in Italy | 7/29/1957 | See Source »

ALUMINUM PRICES will probably jump 4% (to 26? a Ib. for pig aluminum) despite decreased demand. Industry blames spiraling costs, including an automatic 7% wage boost...

Author: /time Magazine | Title: Time Clock, Jul. 29, 1957 | 7/29/1957 | See Source »

...Reluctantly signed into law Congress' $1,990,000,000 omnibus housing bill. His principal objections: builder-inspired provisions that 1) permit inflationary lower down payments, e.g., $300 instead of $700 on a $10,000 house, on home mortgages insured by the Federal Housing Administration, 2) boost the Administration's original housing budget by 104% to almost $2 billion. The President noted that the added spending was not mandatory, implying that he might take his time putting the new law into full effect...

Author: /time Magazine | Title: THE PRESIDENCY: On to Newport | 7/22/1957 | See Source »

...fatal flaw of the Cards at season's start. But Jones has lately found the proper groove (his season record: 7-3), and Larry Jackson has a nifty 2.83 earned-run average and a 10-4 record. And, best of all, the Cardinals are getting a buoyant boost from their pair of bonus babies plucked off an Oklahoma cotton farm: Von and Lindy McDaniel. Von, only 18, has won four, lost one, has a 2.741 ERA; Lindy, 21, has won eight while losing five. Of big brother Lindy, who had only a 7-6 record last year, the Cardinals...

Author: /time Magazine | Title: Sport: The Cardinals, Their Pitchers | 7/22/1957 | See Source »

MEAT PRICES, which accounted for 20% of cost-of-living index boost since December, will stay high for another year. Livestock herds are low, will not reach another cyclical peak until...

Author: /time Magazine | Title: Time Clock, Jul. 22, 1957 | 7/22/1957 | See Source »

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