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...April. It was the eighth monthly rise in a row, bringing the index to a record high of 119.3 (the 1947-49 average = 100). The new mark was .4 above the March figure and a notable 4.7 above early 1956, when the index, after three steady years, started edging upward. Forecast for May: higher...

Author: /time Magazine | Title: THE ECONOMY: Restless Thermometer | 6/3/1957 | See Source »

...upward trend in television-set prices brought only smiles from Radio Corp. of America. RCA had hoped that its $500 color set would bring the big breakthrough for color TV. But when black-and-white prices slid as low as $100 on some new portables, color lost out. With black-and-white prices going up, closing the price gap on color, Vice President Robert Seidel said RCA color sales this year were running two to one over 1956. Sylvania's President Don Mitchell estimated that 1957 color sales by the entire industry will run from...

Author: /time Magazine | Title: INDUSTRY: The Bottom for TV? | 6/3/1957 | See Source »

...Million Bet. Union strip-mines the oil-bearing rock in high butte country, then transports it by conveyor belt to the new retort. Crushed to small pieces, the rock is rammed upward in the six-story-high retort by a huge piston, meeting a stream of fire-fed gases that distill out shale oil at a rate of about 30 gal. per ton of rock. The raw oil is carried by truck to Union's Brea, Calif, plant...

Author: /time Magazine | Title: OIL: The Trillion-Barrel Field | 6/3/1957 | See Source »

...grabbed a flashlight and raced to the wellshaft. At the bottom, 21 feet down, his son was wedged feet first in a clammy cavity less than ten inches wide. Benny's red wool jacket had been jerked over his head by the fall; one hand was stretched pitifully upward. "Daddy," he whimpered...

Author: /time Magazine | Title: National Affairs: SMALL BOY DOWN A WELL: MANORVILLE SAVES BENNY | 5/27/1957 | See Source »

Running north and south from the Red Sea to Mozambique is one vast fissure, the Great Rift Valley. Along one side the molten center of the earth itself spewed upward to form the great volcanic peaks of Kilimanjaro (elevation: 19,565 ft.), Mt. Kenya and the other volcanoes of the east. In its deepest clefts lie Africa's great lakes: Nyasa, Tanganyika and Lake Albert, with Lake Victoria, second in size only to North America's Lake Superior, on the high plateau near by. On either side of the great central rift, Middle Africa's land stretches...

Author: /time Magazine | Title: Middle Africa: Cradle of Tomorrow | 5/20/1957 | See Source »

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