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Cross Purposes. Unsure of the economic future, the Bank of Canada and the federal government seemed to be working at cross purposes. The bank, striving mightily to control inflation by classical methods, put a squeeze on the money supply that drove the commercial banks' prime interest rate to 5...

Author: /time Magazine | Title: CANADA: Boom Minus Bloom | 9/16/1957 | See Source »

Eliot at 68 is more nearly the "aged eagle" that he posed as even in his undergraduate days; his talons are usually retracted. Ironically, he has the least patience with certain literary tendencies which he helped foster. Of the "New Criticism," which he egged on with such devices as the...

Author: /time Magazine | Title: Books: A Poet's Shoptalk | 9/16/1957 | See Source »

Crying at the Bier. Throughout the three speeches, Khrushchev revealed himself as a man still trying to squeeze free from his own complicity in Stalin's crimes, while well aware that he had gone too far in his sensational, weepy indictment of Stalin at the 20th Party Congress. What...

Author: /time Magazine | Title: RUSSIA: The Necessity of Tyranny | 9/9/1957 | See Source »

Even before Hoffa sang his melody, the same theme was batted out by none other than Harry Bridges, Red-lining boss of the West Coast International Longshoremen's and Warehousemen's Union, and a dedicated enemy of George Meany's A.F.L.-C.I.O. (the C.I.O. ousted Bridges and...

Author: /time Magazine | Title: LABOR: Big Plans | 8/12/1957 | See Source »

Until recently, the airlines have defeated the cost-price squeeze by flying more efficient planes with more passengers each year. Now their rate of growth is leveling off. While passenger volume climbed 18% in 1955, it increased only 13% in 1956, will probably gain only 10% this year. Moreover, the...

Author: /time Magazine | Title: AIR FARES: The Carriers Want a Lift to Stay Aloft | 8/5/1957 | See Source »

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