Word: ets
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When Government lawyers opened their antitrust suit against 17 investment bankers in Manhattan 16 months ago (TIME, Dec. 11, 1950 et seq.), Federal Judge Harold R. Medina asked that they lead him along "like a child" through the complexities of investment banking. Since then, Medina has often complained that he was being led through nothing but fog. But last week his hopes went up again. On the stand as a prosecution witness was Chicago's Harold L. Stuart, president of Halsey, Stuart & Co., which floated the biggest dollar total of new issues last year...
...settlement of Formosa and U.N. recognition of Red China. Now Nam simply proposed that a high-level political conference be held, within three months of signing the armistice, "by representatives appointed respectively to settle . . . the withdrawal of all foreign forces from Korea, a peaceful settlement of the Korean question, et cetera...
Chief U.N. Negotiator Vice Admiral Charles Turner Joy took a hard look at the text of Nam's proposal. He has learned to be as skeptical of Nam plausible as of Nam bellicose. In brevity and tone the Nam proposal was businesslike, but the little phrase "et cetera" could hide a mess of Communist chicanery. Admiral Joy decided that he would buy Nam's 79-word proposal-if his interpretation of it was correct. Was he right in thinking that the appointed "representatives" would include the Republic of South Korea? (Yes, said Nam.) Would the "foreign forces...
...Jeune Homme et La Mort a Boston, premiere, is a Jean Cocteau creation based on the Orpheus and Eurydice myth. Earthy and passionate, Jean Babilee and Nathalic Philippart conveyed well the brutality, horror, and the final beauty of this modern ballet. The acrobatic elements in the choreography, however, tended to detract from the symbolic force of the legend...
...consent decree, like those signed by RKO, Paramount, 20th Century-Fox and Warner Brothers (TIME, May 17, 1948, et seq.), requires Loew's to sell 24 theaters outright, and possibly 50 others in its 131-theater chain, in order to encourage competition. Under the five consent decrees signed by the movie companies, more than 1,200 theaters will eventually be sold to independent exhibitors. Another 1,300 are slated to be run by the new theater companies that were organized after divorcement...