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...tiny Persian Gulf sheikdom of Kuwait, Arab boys end a strenuous schoolyard military drill by hauling down an Israeli flag from a makeshift pole, trampling it exultantly. At a school for royalty in Saudi Arabia, King Saud's sons dress up as modern Egyptians, act out a playlet called Heroes of Port Said by fiercely vanquishing the "cowardly" British and Israelis, and-stretching a point-Americans. Behind these and similar exercises in Arab nationalism are hundreds of Egyptian schoolteachers, exported to education-hungry Mid-East nations by Egypt's Gamal Abdel Nasser, paid partly by local governments, partly...

Author: /time Magazine | Title: Education: Nasser's Schoolmasters | 8/11/1958 | See Source »

...badge of authority was invariably accepted as the real thing. Once free, he bought a captain's uniform and commandeered a squad of soldiers by the simple method of walking up to them and ordering them to follow him. Barking "Los" with all the crisp confidence of a drill instructor, he led his band on a raid of Koepenick's town hall, arrested the bumbling mayor and treasurer, walked off with the contents of the town till. Later, after Voigt gave himself up in return for a promise of getting his passport, the Kaiser was told about...

Author: /time Magazine | Title: Cinema: The New Pictures, Aug. 4, 1958 | 8/4/1958 | See Source »

...changed hands for the heaviest trading day in the exchange's history. On the floor, traders surged around trading posts, rushed madly from booth to booth waving order slips and shouting at the top of their lungs. The heavy trading was touched off by reports of a rich drill hole in a copper vein discovered more than a fortnight ago in the Mattagami area of Quebec by New Hosco Mines Ltd., a smalltime mining outfit. Shares of New Hosco, a longtime penny stock that sold for 17? three weeks ago, soared as high as $7.25-and took other stocks...

Author: /time Magazine | Title: SECURITIES: Speculators' Week | 7/21/1958 | See Source »

...Reluctant Drillers. The first real oil find came in 1954. Shell Oil brought in a 1,170-bbl.-daily well at Desert Creek in nearby Utah. But the biggest discovery came in 1956. The Texas Co. tried to get other companies to come in on a deal to drill in the Aneth section of southeastern Utah, where the lease was about to expire, found no takers, and finally went reluctantly ahead itself. Result: it bored smack into the Aneth pool with estimated reserves of 300 million bbls., the biggest find since the Williston Basin seven years...

Author: /time Magazine | Title: OIL & GAS: The Four-Cornered Can | 7/21/1958 | See Source »

H2Oil. In Tulsa, George Sharp drilled hopefully in his backyard for water, struck oil, moaned "Oh no," made plans to drill on down until he hit water, then case off a section of the well to keep...

Author: /time Magazine | Title: Miscellany, Jul. 14, 1958 | 7/14/1958 | See Source »

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