Word: squeezees
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Going into this week's final action, the heavy favorites to be picked by the selection committee to defend the America's Cup against Sceptre were Columbia and wily Corny Shields, who knew how to squeeze every knot of speed out of her.
Next Marcus began buying Artloom stock, in June got himself elected chairman of the board. Thereafter he repeated his old spiel about big mergers to transform Artloom into a diversified manufacturing company. As before, the stock started up. When SEC looked closely last week, at least part of the reason...
Though the federal deficit will continue to be large, possibly running to $10-$12 billion next year, it will still represent less than 3% of the gross national product, hardly a harbinger of runaway inflation. The bothersome rise in the wage-price spiral will be slowed by several deflationary factors...
WHILE statesmen and strongmen cope with readily visible political crises, the economic tides that lift or swamp them often begin their flow unnoticed. Across the Atlantic, the European boom that refused to bust during the U.S.'s recession months is now threatened by a downturn. Across the Pacific, Red...
The fact is that Big Steel, which had planned to finance the bulk of its projected $665 million expansion program for 1958 (TIME, March 24) through profits and depreciation charges, has been hit by the profit squeeze and the inadequacies of depreciation allowances. By going into the public market, it...