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...Anna Kethly, a Minister of State in the eight-day government of Premier Imre Nagy, reported that Nagy, now in a Rumanian prison, will probably be brought back to Budapest shortly for trial. Two other ministers in Nagy's Cabinet have already been brought back and lodged in Fo Utca Prison, Miss Kethly said, and their trial presumably will provide the backdrop for Nagy's. Said Anna Kethly: "The Prime Minister is under great pressure to confess. A special investigation group was set up by the MVD and the AVH for this reason. Not only secret policemen...

Author: /time Magazine | Title: HUNGARY: The Cardinal's Dilemma | 4/29/1957 | See Source »

...heered right," said Peter. "We got fo'tynine percent mo' spirits as we got room fo'. People ain't so develish as dey used to be, an mo' of dem wants to get into Heaven. We's either gwine haf to lease eternity rights from de devil fo' mo' livin' space or else crack down on de applicants...

Author: By Calvin Trapp, | Title: Crisis in High Places | 2/26/1957 | See Source »

Whamm! Bam! Wowee! And after it was all over, de Lawd say, "Much obliged to you, Peter and de Seraphim. I think we has saved Eternity fo at least another millenium. Dis meeting is adjourned...

Author: By Calvin Trapp, | Title: Crisis in High Places | 2/26/1957 | See Source »

...many a U.S. corporation, LIFO is a magic formula in times of inflation. It cuts their profits for tax purposes without taking a penny out of their coffers. Under LIFO-pronounced lie-fo and standing for "last in, first out"-the Government permits inventory to be figured by the cost of the last stock bought during the year, on the theory that it is the first to be sold. Thus the profit on an item costing $2 in January and $3 in December is figured on the basis of the higher cost, thus a lower tax. Though designed...

Author: /time Magazine | Title: RETAIL TRADE: LIFO v. FIFO | 2/18/1957 | See Source »

...these and other reasons, Niarchos is distrusted by oldtime shipowners, sneered at as an "uptown boy," i.e., a landlubber who doesn't know his fantail from a fo'c'sle. Though he seldom sets foot aboard a tanker, Niarchos retorts angrily that he is far more concerned with his fleet than his fortune...

Author: /time Magazine | Title: SHIPPING: The New Argonauts | 8/6/1956 | See Source »

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