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Wall Street seemed to hear only Henry. The day before, the Dow-Jones industrial average had surged back by 14.36 points for the best single day's gain in eleven months. Even now, as the Ford meeting was under way, stocks were still moving modestly upward. But hardly were the words out of Ford's mouth when the Dow-Jones went spiraling downward eight points, ended the day off 5.5 points and the week, in which there was reason to expect a real rally, up a mere...

Author: /time Magazine | Title: The Economy: Watching the Weather Vane | 5/27/1966 | See Source »

...most standards, this is inflation. Yet at the same time, those who looked closely at the figures could find room for argument. Food costs, which up to now had been leading the index upward, were stable in April. Major factors in the increase were the restoration of federal excise taxes on autos and telephone service plus recent hikes in mortgage interest rates. Thus, anti-inflationary measures were actually inflating the cost of living...

Author: /time Magazine | Title: The Economy: Watching the Weather Vane | 5/27/1966 | See Source »

...KELLEY ANDERSON, president of Boston's New England Mutual Life Insurance Co.: "The economy is continuing upward. Taxes should go up, although I wouldn't like it. And Washington should cut out some of these foolish expenditures...

Author: /time Magazine | Title: U.S. Business: WHAT THEY'RE SAYING | 5/27/1966 | See Source »

...needed, then all the committee work will be done. As for the economy, defense spending will level off some time in the next year, and this will have a depressing effect. However, right now all evidence points to a continued upward trend in the months ahead...

Author: /time Magazine | Title: U.S. Business: WHAT THEY'RE SAYING | 5/27/1966 | See Source »

Called by her keeper, police found Sylvia's body with arms crossed over her breast. Even to hardened cops, the sight was stomach wrenching. Virtually no part of the girl's corpse was unmarked. Her fingernails had been broken upward; there were massive bruises on her temples; much of the skin on her face, chest, arms and legs had peeled from scalding water. Her lower lip had been bitten in two, presumably during her agony. The immediate cause of death was a blow on the skull. In all, Sylvia's body bore an estimated 150 burns, cuts...

Author: /time Magazine | Title: Trials: Addenda to De Sade | 5/6/1966 | See Source »

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