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Only a few weeks ago, the bears were out and growling on Wall Street. The Dow-Jones industrial average faltered after a sustained rise that had sent it smashing through the magic 800 mark; in the sharpest daily decline since the assassination of President Kennedy, it dropped 6.77 points in one day. As the bears saw it, this was the start of the major shake-out they had been expecting all along: it was time to dig in for a slide to well below 800. But the market barely gave them a passing nod before it turned around and galloped...

Author: /time Magazine | Title: Wall Street: On Toward 880 | 5/15/1964 | See Source »

...Tunku aimed his sharpest shots at the Socialists, alleged that they were cooperating with the Indonesian Communist Party; leftist workers have become increasingly militant since the stoppage of trade by Indonesia caused layoffs. But the Tunku also condemned the right-wing, fanatical Moslem groups, who might be receptive to Indonesian arguments because of their distaste for the multiracial, multireligious character of the federation. Pressing hard for a decisive endorsement, the Tunku exploited every appeal. He offered tidy development funds to strategic regions. Two days before elections, the government published a 64-page white paper charging an Indonesian plot to assassinate...

Author: /time Magazine | Title: Malaysia: Confrontation at the Polls | 5/8/1964 | See Source »

...wilt under the heat of Commons debate. His main advantage was his aloofness from Harold Macmillan's weaknesses: the Common Market fiasco, the Profumo affair, the Skybolt fizzle, the Vassall scandal. But Sir Alec has cut a surprisingly effective figure, even against Harold Wilson, one of the House's sharpest debaters...

Author: By Michael D. Barone, | Title: Home's Last Stand | 5/8/1964 | See Source »

...unemployment, and labor had gained more than 4,000,000 jobs since early 1961. Johnson did not mention it, but the Federal Reserve just the day before had reported that industrial production in March set a record for the fifth straight month, rose from 127.7 to 128.2 for the sharpest gain since October...

Author: /time Magazine | Title: State of Business: Hail to the Chiefs | 4/24/1964 | See Source »

Once scorned and now admired, Harvard's Graduate School of Education has honed some of the country's sharpest schoolmasters. It is nonetheless an administrative nightmare, with its 80 teachers and 700 students scattered all over Cambridge, some in ancient wooden houses. For 15 months the school has lacked a successor to ex-Dean Francis Keppel, who quit to become U.S. Commissioner of Education. And the school needs money. Harvard's President Nathan M. Pusey recently warned that next year it may be $500,000 in the red. Harvard abhors fiscally unbalanced deans, mused Pusey...

Author: /time Magazine | Title: Universities: Harvard's 31-Year-Old Dean | 3/20/1964 | See Source »

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