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...Senate Labor Rackets probers squirmed through the best soap opera that daytime TV could provide (see NATIONAL AFFAIRS). Although the major networks decided that one of the year's best running stones did not justify the heavy cost of carrying it, Manhattan's public-service-minded Du Mont Broadcasting Corp. was forking out $50,000 to cover the 5½ hours of hearings daily for three weeks. The telecast unfolded first on Du Mont stations WTTG in Washington and WABD in New York, by week's end was being transmitted to three other cities...

Author: /time Magazine | Title: Television: Review | 8/12/1957 | See Source »

...year to 61,000 francs two weeks ago. From Hassi Messaoud and neighboring Algerian fields recently opened, there was now the promise of an assured yield of 60 million bbl. of oil a year. (Controlled 1956 production by U.S. wells: 2.6 billion bbl.) Frenchmen sitting in Cafés du Commerce all over France, hoping that this wealth might cure France's chronic foreign-trade deficit and boost capital investment in North Africa, called it the "Miracle of the Sahara...

Author: /time Magazine | Title: ALGERIA: Miracle of the Sahara | 8/5/1957 | See Source »

Miss Monique Nathan, in charge of the literary department of Editions du Seuil and Editor of their series "Ecrivans de toujours", spoke of the literary trends in post-World War II France. France, she said, has forsaken the romanticism of the 19th and early 20th centuries with a more documentary discussion of the influences on man by his heredity and environment...

Author: NO WRITER ATTRIBUTED | Title: Speakers Discuss Pakistan, Algerian Crisis | 8/1/1957 | See Source »

What worried businessmen most was that trustbusters might attempt to divorce old and happy corporate liaisons, whether set up by stock purchase (as in the Du Pont case) or by the acquisition of other assets, for fear that they could produce a monopoly. Bicks soothed their fears. Though Section 7 of the Clayton Anti-Trust Act as amended in 1950 covers all asset acquisitions (it previously covered stock only), the amendments state clearly that "nothing contained in this action shall be held to affect or impair any right heretofore legally acquired." Therefore, he reasoned, a great many...

Author: /time Magazine | Title: GOVERNMENT: The Word | 7/29/1957 | See Source »

Concluded Bicks: The Supreme Court decision "places tremendous responsibility on enforcement officials, but the Justice Department is keenly aware of this responsibility. The Antitrust Division has not, since G.M.-Du Pont, researched back through recorded stock acquisitions since 1914 to determine whether now-40 or more years later-competition may-still further in the future-be substantially lessened...

Author: /time Magazine | Title: GOVERNMENT: The Word | 7/29/1957 | See Source »

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