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...easy money of 1929 characterized the carefree spirit of the Jazz Age, and so did the stock market, which seemed to keep climbing forever upward, faster and faster. During the last 18 months of the great bull market, General Electric rose from 128 to 396, RCA from 94 to 505. Anyone who could not afford to pay could buy on margin for as little as 10% cash. The market suddenly stopped climbing on Sept. 3. Then came a month of hiccuping declines, then the wild, shouting, shoving anarchy of "Black Thursday." By the end of the month, $32 billion...

Author: /time Magazine | Title: F.D.R.'s Disputed Legacy | 2/1/1982 | See Source »

Marathon's executives and their advisers were confident last week that they could defeat Mobil's latest threat. If the oil company starts buying U.S. Steel stock, the price of it is likely to shoot upward, which would make the deal less attractive. And under a federal law that requires prior notice for the purchase of large blocks of stock, Mobil has to wait at least 30 days before it can begin to acquire any more shares of U.S. Steel. But although Mobil's latest shot seems likely to fail, no one is underestimating the oil company...

Author: /time Magazine | Title: Clash of the Titans | 12/21/1981 | See Source »

...record entitles credence, yet in the next hour nobody on the program even mentioned, let alone discussed his denial. Perhaps it was Gaddafi's appearance that was so scary, as he huddled, dressed in collarless brown shirt and engulfed in a blue cape. As his head bobbed upward and backward, his eyes rolling up to the heavens, he looked like a Monty Python imitation of an Arab weirdo...

Author: /time Magazine | Title: Newswatch: Killer Squads, Liars and Mad Dogs | 12/21/1981 | See Source »

Born in 1906 to a Jewish working-class family in Philadelphia, Odets spent his early years in a home in which he, his mother, and his two younger sisters were--Brenman-Bibson would have it--tyrannized by a bullying, selfish intent only on upward financial and social movement...

Author: By Adam S. Cohen, | Title: Odets, Where Is Thy Sting? | 12/5/1981 | See Source »

...country would identify them as medium-priced whores." Children's clothing conveys different kinds of signals, Lurie believes. Working-class children don suits and fancy dresses for a weekend outing. The middle-class kids are the ones in jeans, sneakers and T shirts. The blue-collar children express upward aspirations by their miniature adult costumes; the white-collar children, notes Lurie, "are not expected to do more than equal their parents' status, and at the moment they are on probation...

Author: /time Magazine | Title: Books: Exposing Secrets of the Closet | 11/30/1981 | See Source »

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