Word: bankrupts
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...that America is well on its way to hell when they give, in the April 30 issue, nothing but cheers to Franchise Sagan's "tale of extramarital fun" and nothing but sneers to Upton Sinclair's "temperance tract." How can the American people be other than "morally bankrupt" when the men who help to mold opinion (such as TIME'S book reviewers) operate under the code that naughty is nice, good is glum...
...ground until January 1955-long after most of his big issues were sold out. After SEC's finding got through departmental red tape and into the Justice Department, Tellier was indicted last December for defrauding 1,400 people of $900,000 in the bankrupt Alaska Telephone Corp. Last week Tellier was indicted again for fraud: a federal grand jury in Brooklyn charged him with manipulating stock prices and with swindling Consolidated shareholders out of $15 million...
...Crowd Descends. Prince Rainier's tiny, near-bankrupt gambling principality was suddenly swelled by an invasion of wildly ill-assorted guests, invited and uninvited: friends and members of the bride's and groom's own families, the Kellys from Philadelphia, the Grimaldis and Polignacs from divers corners of Europe, a kaleidoscopic assortment of celebrities from both sides of the Atlantic, ballet troupes from London and Paris, sailors from visiting warships, a scattering of second-class princelings, an unidentified covey of international thieves (who got away with a whopping $150,000 during the festivities), and some...
...Power Elite Sociologist C. (for Charles) Wright Mills of Columbia University warns, in effect, that the U.S. is well on its way to hell in a hand basket. Its leaders are morally bankrupt ("America is indeed without leaders"); its people are whipped around by TV and public-relations types and have almost nothing to do with deciding their political fate. Its rich are vulgar and mindless, its poor too gutless to do anything about their condition; its labor leaders impotent fellows and "government-made men." U.S. generals and admirals are "warlords" who pursue their dreadful projects in the mazes...
Outbidding Hearst, Meyer bought the Post anonymously at auction for a bargain $825,000 in 1933-four years after he had offered $5,000,000 and been turned down. He found it "mentally, morally, physically and in every other way bankrupt," the raddled plaything of oil-rich Playboy Edward ("Ned") McLean. A horse fancier, gaudy Publisher McLean once devoted three of the paper's four sports pages to agate tables on racing performances. He brought his mistress to editorial conferences (so his wife, Evalyn Walsh McLean, charged in a divorce action) and made the old Post building on Pennsylvania...