Word: asia
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Dates: during 1950-1959
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...bureaus, brought into focus a new American-type capitalism that around the world is replacing the old system of cartels and feudal wealth. The Tokyo bureau added the story of Japan's striking progress, while the Hong Kong bureau analyzed the trials, tribulations and triumphs of Southeast Asia. As other reports poured in from Latin America, Africa, the Middle East, and TIME'S domestic bureaus, they added up to a year in which free-enterprise capitalism was on the march throughout the world-a thrusting, competitive capitalism that poses challenging questions...
After all the tumult of Asia, Dwight Eisenhower stepped out of his special train onto an enormous red carpet in Paris' Gare de Lyon to a reception correct in its pomp but cool in the reserve visible in the face of Charles de Gaulle. Despite their old acquaintance and friendship, the Presidents of France and the U.S. were cast willy-nilly as antagonists in the bitterest conflict in the history of the ten-year-old Atlantic alliance...
...days when imperial Japan was running its Greater East Asia Co-Prosperity Sphere, it drafted Koreans for forced labor in Japan. These Koreans and their children, more than 600,000 strong, have been there ever since. Many of them want to go home, and the Japanese, who have no love for Koreans, would like to be rid of them. South Korea's strong-minded President Syngman Rhee, who once underwent torture at Japanese behest and has no love for them either, has all along insisted that Japan must pay him compensation for taking the Koreans in. One big reason...
...National Acme Co. brought out a new cam-finishing machine that does the job in 20 sec., v. 1 min. 15 sec. "What's just as important," says Acme's President T. L. Strimple, "we're being extra good in courting business in Europe and Asia. We give customers service, quick deliveries, parts, anything they ask for, just as if they were in Cleveland...
Most ambitious plunge of all is Encyclopedia of World Art, announced by McGraw-Hill. Undertaken jointly with Rome's Institute for Cultural Collaboration, it is probably the greatest venture ever in art publications. The first huge volume (Aalto to Asia Minor), issued simultaneously in English and Italian will be in the stores next month. The scholarship, supplied by contributors from 18 countries, is outstanding, the 542 page-plates excellent (98 pages are in color). Plans call for four volumes a year until by the end of the 15th volume, 9,000,000 words and 7,000 plates will have...