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...Nixon) on nearly all major issues. He aggressively opposes the Eisenhower budget, wants to cut it by $3 billion, slash foreign aid by $500 million (yet he embraces as his special overseas charges some half a dozen Asian nations-ranging from Nationalist China to Pakistan-which absorb a substantial chunk of foreign...

Author: /time Magazine | Title: National Affairs: Knowland at the Ready | 6/3/1957 | See Source »

...economic development lacked those prime essentials of productivity-labor efficiency and capital investment. He appealed to the C.G.T., but the unions had made their featherbed and were happy to lie in it. Seeking investment, he signed a contract for Standard Oil of California to explore and develop a null chunk of Patagonia. Because it was dealing with arbitrary Juan Perón, Calso insisted on the right to appeal deadlocked company-country disputes to the American Petroleum Institute. Even loyal Peronistas grumbled at that. At the same time, Perón turned angrily and senselessly against the clergy. He abolished...

Author: /time Magazine | Title: ARGENTINA: The Rocky Road Back | 6/3/1957 | See Source »

...intended only for a church group, but so intimately did it speak to the anguish and anger of the time that Jonah ran for more than a thousand performances on a professional West Berlin stage and on the road. Slight in size, it nevertheless bites off a big chunk of cosmos, compressing into an hour-long performance a range that includes Babylon, Nineveh, Nazi Germany and Judgment Day. With much Pirandello-style shifting of role and perspective, the play is a theodicy-a justification of the ways of God in the face of evil...

Author: /time Magazine | Title: Religion: The Sentencing of God | 5/13/1957 | See Source »

...Senegal and the swamps of the Niger. The new kingdom of Morocco occupies about a fifth of this old Almoravide empire. The remainder of the area is divided between Spain's Rio de Oro, a corner of Algeria, the huge French West African province of Mauritania, and a chunk of the French Sudan reaching a few hundred miles north of legendary Timbuktu. Except for the coastal strip it is sun-scorched desert, rich in minerals, which the French, since they finally subdued the tribes in 1934, have mapped but have hardly tapped...

Author: /time Magazine | Title: NORTH AFRICA: Empire of Sand | 3/18/1957 | See Source »

...giants are only a fraction of the Pru's business. At President Shanks's direction, the company pours an even bigger chunk of its treasure into mortgages and loans to individuals and small businessmen. All told, $6.1 billion of the Pru's assets, some 46%, is tied up in mortgages and real estate, proportionately more than any other life insurance company. The Pru is the world's biggest private holder of home mortgages (500,000), one of the biggest financers of huge skyscrapers (Manhattan's Empire State Building, Chicago's Merchandise Mart, Cincinnati...

Author: /time Magazine | Title: INSURANCE: Chip off the Old Rock | 3/18/1957 | See Source »

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