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...Hindus agreed to turn Hindu Calcutta over to Pakistan. Between mighty Russia to the north and the main body of India to the south, Pakistan would dangle like two withered arms. Only half the population of the area claimed for Pakistan is Moslem. None could claim that to split India in twain would solve the minority problem-in Hindustan there would still be islands of Moslems, in Pakistan large Hindu minorities. Jinnah has not concealed that behind Pakistan lies the ancient Asiatic practice of taking hostages; a Hindu minority in Pakistan could, "by reprisals, be made to answer Tor persecution...

Author: /time Magazine | Title: INDIA: Long Shadow | 4/22/1946 | See Source »

...Chile's noisy Communists, whose strike tactics have split the Popular Front and lost them prestige recently within the trade union movement, were not to be put off by that sort of modesty. The Communist El Siglo exclaimed over the new Ambassador for 14 columns, compared him favorably with Henry Wallace, and noted proudly that he had mastered two words of Spanish -"Viva Chile"-"in a very few minutes...

Author: /time Magazine | Title: CHILE: Bienvenida | 4/22/1946 | See Source »

...booming '20s, one of the financial shenanigans which helped boost stocks to their shaky 1929 highs was stock splits. For example, a corporation whose stock had been pushed up to $100 might split it by exchanging one share for ten, selling at $10 each. Thus, small-fry speculators were lured in, and the price could be run up again far beyond the stock's true value...

Author: /time Magazine | Title: WALL STREET: Old Trick, New Warning | 4/22/1946 | See Source »

...current big bull market has made the time again ripe for stock-splitting. So many corporations have done so, or plan to, that Emil Schram, the Stock Exchange's cautious, conservative president, last week spoke out. Worried lest such tactics bring down tighter governmental regulations, he warned against stock-splitting by corporations whose securities are temporarily high-priced, but which have no stable earnings record. The Exchange may refuse to list such split shares...

Author: /time Magazine | Title: WALL STREET: Old Trick, New Warning | 4/22/1946 | See Source »

...Exchange does not regard all splitting suspiciously. In fact, Schram suggested that corporations which have good earnings records, but high-priced securities, split their shares. This would broaden their base of ownership and ease the shortage of sound, low-priced stocks...

Author: /time Magazine | Title: WALL STREET: Old Trick, New Warning | 4/22/1946 | See Source »

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