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Word: virtualization (lookup in dictionary) (lookup stats)
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Like "independent" Katanga, Mining State was the virtual creation of Belgium's powerful Societe Generale, which, through a company called Forminiere, for years held the concession to mine the world's biggest source of industrial diamonds. After independence came in 1960, the Belgians put their weight behind an eccentric Baluba chief named Albert Kalonji, and went right on mining diamonds while the Congolese central government floundered helplessly in Leopoldville. Wallowing in Forminiere's lavish tax and dividend payments, the bearded Kalonji donned a diamond-studded crown and leopard apron, found himself a scepter, and dubbed himself Kasai...

Author: /time Magazine | Title: Congo: Exit, King of Diamonds | 10/19/1962 | See Source »

...minded Ben Heineman, who has already eliminated 600 telegraphers, plans to keep on all but 70 of the remaining 1,000 anyway. But in the long run it marked a stunning setback for the telegraphers. A year ago, Leighty's union extracted from the giant Southern Pacific a virtual guarantee to keep on all its telegraphers until their death or retirement and, with that encouragement, the telegraphers have since demanded a veto over job cutbacks on 33 other railroads. Now Garrett's decision rather than the S.P. settlement will almost certainly serve as the precedent in future negotiations...

Author: /time Magazine | Title: Public Policy: An End to Featherbedding | 10/19/1962 | See Source »

...nowhere near the blasts, but they jolted him into declaring a state of emergency "to rid Accra, and indeed Ghana, of such acts of savagery." Troops with tommy guns and light tanks guarded the approaches to Flagstaff House where Nkrumah, afraid to appear in public, has made himself a virtual prisoner...

Author: /time Magazine | Title: Ghana: Evil Spirits for Nkrumah | 10/5/1962 | See Source »

...Gaulle dispenses with the checks and balances of the U.S. presidency, which many Gaullists profess to admire. "The President," said he, "must be a chief, not an umpire." All foreign policy, defense and budgetary decisions would in effect still be "reserved" for the President. Parliament would be a virtual rubber stamp body, subject at any time to dissolution by the all-powerful chief executive. And though De Gaulle has described a strong presidency as an eventual "influence of continuity," his blueprint contains no provision for vice-presidential succession in an emergency. If De Gaulle were to die tomorrow, the office...

Author: /time Magazine | Title: France: A Popularly Elected President? | 9/21/1962 | See Source »

...Brown hammered away at the 20,000 known new cases and 4,000 deaths annually in the U.S. If there had been only one-fourth as many cases of disease and death due to smallpox, typhus, plague or malaria, he said, there would have been virtual panic: "All the medical and public health resources of the nation would have been mustered." Why had syphilis been allowed to make such a comeback after the near knockout of the 19503? Dr. Brown answered his own question...

Author: /time Magazine | Title: Medicine: Resurgent Syphilis: It Can Be Eradicated | 9/21/1962 | See Source »

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