Word: ebbs
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With investor confidence at its lowest ebb since Dwight Eisenhower's heart attack and Big Board stock prices falling $6 billion in one day's trading, Wall Street last week was a cheerless place for anyone trying to peddle large blocks of stock. So discouraging was the atmosphere that long-scheduled sales of stock in two eminently solid corporations (Kellogg Co. and McGraw-Hill Publishing) were abruptly postponed by the investment bankers underwriting them. But the Street's hard-eyed moneymen took a different view when 430,000 shares of General Motors Corp.* went on the block...
Behind Chiang's expectant, fighting mood is the belief that Red China is seething with revolt and is, in fact, "on the verge of collapse." He is certain that morale on the mainland is at its lowest ebb, cites information relayed by a recently defected Communist MIG pilot and letters received on Formosa from peasants in the coastal province of Fukien who pleaded for liberation. Moreover, argues Chiang, the Sino-Soviet split has be come such a bitter personal rivalry between Mao Tse-tung and Khrushchev that the Soviet leader probably would not run the risk of touching...
...pull by putting Butler in charge, even though Labor Party Leader Hugh Gaitskell loudly denounced it as a ''nonsensical gesture." While not a political maneuver, Macmillan's move inevitably enhanced the political prospects of ''Rab" Butler, whose fortunes had seemed on the ebb last fall when Iain Macleod was moved in as Conservative party chairman and leader of the House...
...Boom Time. The Depression, being the low ebb of U.S. capitalism, was naturally enough the boom time of intellectual commerce between the Kremlin and the U.S. Party Leader Earl Browder could declare with a straight face that "Communism is 20th century Americanism," and half the leading U.S. writers believed him. The aging Lincoln Steffens could return from Russia declaring "I have seen the future, and it works." It was the time of the fellow traveler, and among the famous fellows who traveled were Ernest Hemingway, John Dos Passos and Theodore Dreiser...
...chained, humiliated, sick with fear; we are at our lowest ebb." With these words, France's existentialist philosopher and left-wing propagandist, Jean-Paul Sartre, donned the mantle of doom for his countrymen.* Describing the much-discussed crisis of conscience confronting France as a result of the Algerian war, Sartre coined a new expression, "involution" -a tragic process by which the former colonizers adopt the savagery of the native lands they once colonized...