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Free Imagination. The success of WFMT is only the most notable example of the general rise of FM broadcasting across the U.S. Developed in the '30s when AM broadcasting was at its peak, slowed by World War II, FM was almost obliterated in the postwar rush to television. The quality of FM reception is clearly superior to AM, and is almost entirely static-free. As most of AM disintegrated into rock-'n'-rollery and TV began hunting for all the lowest cultural denominators, FM became an outpost of excellence whose scope has steadily grown. In 1956 there...
Nobody went through the window, and few really went through the wringer. But the convulsion that swept the stock market cost millions of Americans dear in anticipated profits, and particularly the amateurs among "small investors" who put their money into the market at or near its peak and sold out at last week's low. Not since the dread year of 1929 had trading been so heavy (average daily volume: 10,000,000 shares) or the ticker tape lagged so late. Before the week was over, delays of an hour or more in the tape became routine...
...took a magnetometer to the flat plain of the ancient Crathis. After only ten days of work, they located 800 yds. of a city wall buried under many feet of soil, and test pits turned up pottery fragments from the 6th century B.C., when Sybaris was at its glittering peak. British, U.S. and Italian archaeologists will continue to crisscross the area with detailed magnetometer surveys to guide large-scale excavations. By the end of summer, they hope to know whether they have really found the long-buried ruins of sybaritic Sybaris...
...near it-for twelve years is Belgium's hawknosed Rik Van Looy. To his fans, Van Looy is "the Emperor." To his competitors, he is "the Devil." Badge of the Fastest. At 28, an age at which cyclists were once considered washed up, Van Looy is at his peak, winner of more races (323) than any other cyclist in the world. He has won the world road-racing championship the last two years running, and he proudly wears the rainbow-striped shirt that is the badge of the world's best cyclist. For all this, he earns...
...when the whole world has adequate capacity?" Carried away by the paper gains of a decade during which it took real talent to lose money on the market, most small investors failed to consider the consequences of an end to inflation. When the stock market hit its December peak, stocks in the Dow-Jones index (a relatively stable, conservative group) were selling at a precariously high 23 times earnings. As prices rose, dividend yields on common stocks fell from their long-term average of 4.9% to less than 3%-well below the average 4.3% yield on high-grade bonds, which...