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...locals had been dickering unsuccessfully with 16 large city bakeries for higher pay and a five-day week. Then 4,000 bakery truck drivers marched out. The strike cut off 80% of the wrapped white bread delivered to the city and its suburbs, but it did not affect the smaller independent bakeries, which went on delivering bread. So the strike did not pinch the public much, and that made the teamsters angry...

Author: /time Magazine | Title: LABOR: Let 'Em Eat Cake | 7/16/1951 | See Source »

...start of Korean truce talks poses a multibillion-dollar question for U.S. businessmen. The question: How will the prospective Korean cease-fire affect the U.S. economy...

Author: /time Magazine | Title: STATE OF BUSINESS: The Billion-Dollar Question | 7/16/1951 | See Source »

...concentrated more economic power in one small group of men-perhaps only one man-than probably has ever happened before in the business life of our country .. . Not even the great railroad, steel, oil, tobacco or aluminum cases disclosed the existence of greater power in one organization directly to affect the economic life of so great a geographical area ... as does the record in this case." As evidence of that power, Evans cited figures: in the five-state area of California, Oregon, Nevada, Arizona and Washington, Transamerica controls 47 banks, with 667 banking offices which have about...

Author: /time Magazine | Title: Business: The Verdict | 6/25/1951 | See Source »

...time, I reported to you the editors' reasoning behind such a story. "It is news," they said, "in the sense that what the U.S. is or is not doing in the Middle East will affect the future course of events just as much as the stuff in the headlines." Since that time, two assassinations and the law nationalizing the Anglo-Iranian Oil Company have made plenty of black headlines. And Secretary Dean Acheson finally admitted a fortnight ago that conditions there "might easily deteriorate into a situation out of which war could grow...

Author: /time Magazine | Title: A Letter From The Publisher, Jun. 18, 1951 | 6/18/1951 | See Source »

...trembled. Yet in this fragile frame is a will tougher than the rock of the Elburz Mountains and more inflammable than the oil of Abadan. A month ago, scarcely anyone in the West had ever heard of Mohammed Mossadeq; by last week, what he said and did could powerfully affect the free world's security...

Author: /time Magazine | Title: IRAN: Dervish in Pin-Striped Suit | 6/4/1951 | See Source »

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