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...read 30 books every I day this year, he might have plowed through all the books published in the U.S. during 1957-an experience more than likely to induce a nervous breakdown. TIME'S chief book critic, Max Gissen, and his four colleagues try to avoid that fate, but they do more than enough reading to know America's literary output as well as a broker knows the market charts. For their pick of 1957, see BOOKS, The Year's Best...

Author: /time Magazine | Title: A Letter From The Publisher, Dec. 16, 1957 | 12/16/1957 | See Source »

...wrapping papers. Cairo housewives particularly like a magazine called Russia Today for wrapping bananas. "It doesn't tear so easily," said one. Nearly every machine in Egypt is Western-made, and for lack of spare parts and the money to buy them, many are on the verge of breakdown. Spare parts are urgently needed for dredges and other equipment used to keep the Suez Canal operating. Lubricating oil is so scarce that gas-station operators supply only favorite customers. Because of Nasser's controls, meat prices are soaring, and butter, tea and coffee are scarce. Many Cairo restaurants...

Author: /time Magazine | Title: EGYPT: Invitation in Reverse | 12/16/1957 | See Source »

City buses, last barrier against a complete breakdown of municipal transportation in the city, became a new target of strikers during the day. Seven terminals were picketed, but the pickets withdrew at dusk...

Author: By The ASSOCIATED Press, | Title: MBA Walkout Paralyzes N.Y.C. In Largest City Subway Strike; Doctors Allow Ike's NATO Trip | 12/11/1957 | See Source »

...bill violates "fundamental rights of the owners of private property"--has not served to cancel more basic claims of racial equality. The city has established, at least in principle, that its sizable minority groups will be protected in their efforts to improve their living conditions. Furthermore, any future breakdown of housing segregation will be doubly advantageous, since it will help break down the unofficial school segregation in the city...

Author: NO WRITER ATTRIBUTED | Title: Northern Integration | 12/10/1957 | See Source »

...gauging a company's health is to inspect its net profit-its earnings after all costs, taxes, depreciation and interest charges are deducted. In turn, net profit is split into dividends and cash retained for investment. Before World War II, when expansion was comparatively small, such a breakdown gave an accurate idea of profits. But today, because of expansion, many economists, including those at the Federal Reserve Bank of Chicago, think that it gives a misleading impression...

Author: /time Magazine | Title: THE PROFIT SQUEEZE: It Is More Apparent Than Real | 12/9/1957 | See Source »

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