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Frondizi soon got clear evidence that diehard Peronistas may confuse amnesty with a license for riot. At a military parade, a segment of the crowd shouted "President by Perón's orders!" and sent up a barrage of balloons bearing colored pictures of Perón and his late wife, Eva. One balloon floated by Frondizi's face and was snared by an aide. All through the afternoon, Peronista demonstrations flared up in central streets, but Frondizi's new police chief sent in cops with tear gas to disperse the mobs. It was an encouraging reminder...

Author: /time Magazine | Title: ARGENTINA: Back to Democracy | 5/12/1958 | See Source »

...slipping. New claims for unemployment compensation, the department reported, edged downward for the second week in a row, reaching a 1958 low of 404,500 in the third week of March. Another hopeful sign was an upturn in machine-tool orders, considered an important economic indicator. And one major segment of the economy was enjoying a springtime bloom of prosperity: the Agriculture Department announced that farm prices rose 4% from February to March, with livestock, fruit, potatoes and eggs leading the way. It was the third consecutive monthly rise, put farm prices 10% above the year-ago level...

Author: /time Magazine | Title: THE ECONOMY: Close to the Bottom? | 4/7/1958 | See Source »

Four Republican and three Democratic Senators last week signed the most scathing bipartisan indictment of a large segment of U.S. organized labor to come out of a congressional committee since the unions hit their heyday under the New Deal. In an interim report based on 16,000 interviews by investigators, testimony by 486 witnesses at hearings and 17,485 transcript pages, a special Senate committee headed by Arkansas Democrat John McClellan freely used such words as "plunder" and "hoodlums," "gangsters" and "thievery" and "collusion," and "crime against the community." Major finding: "Union funds in excess of $10 million were either...

Author: /time Magazine | Title: LABOR: Rogues' Gallery | 4/7/1958 | See Source »

Foreign oil accounts for about 12% of the U.S. market, deprives U.S. producers of barely 2 bbl. per well daily. But many economists argue that quotas are unfair to a large and growing segment of U.S. business; from a mere handful of companies in 1946, there are now more than 100 firms operating overseas that contribute hundreds of millions of dollars to the U.S. economy each year...

Author: /time Magazine | Title: The Oil Glut: It Can Be Solved in the Marketplace | 4/7/1958 | See Source »

Conquest: CBS's science report showed the first pictures ever taken of actual atoms-electronically magnified 1,000,000 to 3,000,000 times and falling in lacy, snowflake patterns on the point of an extra-sharp pin. But the show's most stirring segment was an open-heart operation filmed in a University of Minnesota hospital. The patient: a pretty five-year-old blue baby named Debbie, who was wheeled into the operating room with a toy lion perched on her chest. Dr. Richard DeWall was on the scene to explain how his heart-lung pump oxygenator...

Author: /time Magazine | Title: Television: Review | 3/24/1958 | See Source »

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