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...experienced a stock-market crash similar in magnitude to 1929's, with no immediate economic downturn. Indeed, the economy's expansion continued until July 1990. Many economists now blame the Federal Reserve and its actions for the 1929 downturn and the subsequent Great Depression. GAIL E. MAKINEN Arlington...

Author: /time Magazine | Title: Letters: Aug. 18, 1997 | 8/18/1997 | See Source »

...money) coming across the threshold. Also that midnight is more brightly lit than midday back home, and that there is green grass, even if only in patches. "We have to wait nine months for green grass," says Jack Verbonich, who lives 30 miles outside Hibbing, in Makinen, Minn...

Author: /time Magazine | Title: In Las Vegas: Hibbing on a Hot Streak | 3/17/1986 | See Source »

...York had snared Ivan D. Egorov, 41, a member of the United Nations Secretariat, and his wife Aleksandra. They too were charged with espionage but were later swapped for the return of two Americans held by the Soviets - Jesuit Priest Walter Ciszek and Marvin W. Makinen, a Fulbright scholar from Asburnham, Mass. Was there another swap in the wind...

Author: /time Magazine | Title: Espionage: A Snag in the Net | 10/9/1964 | See Source »

...Pilot Gary Powers in 1962. In last week's exchange the U.S. released Ivan Egorov, a Soviet U.N. functionary, and his wife Alexandra, who were arrested last July in New York for espionage. In return, the Soviets let go 24-year-old Fulbright Scholar Marvin Makinen, who was sentenced to eight years in prison in 1961 on photo-taking espionage charges; and Jesuit Priest Walter Ciszek, 58, who had been arrested in Poland...

Author: /time Magazine | Title: Foreign Relations: Unthawing the Thaw | 10/18/1963 | See Source »

Crisis Victim. The military tribunal at Kiev sentenced Marvin Makinen to eight years' detention-just two years less than the punishment dished out to Francis Gary Powers for flying his U-2 thousands of miles into Soviet hinterland. In all probability, Makinen was a victim of the Berlin crisis. He came from West Berlin, just at the moment the Russians were charging that it was a center for imperialist plotters. Crowed Izvestia: "It becomes still clearer that the government of East Germany acted just in time in closing loopholes for all kinds of filth which tried to penetrate...

Author: /time Magazine | Title: World: The Loner | 9/15/1961 | See Source »

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