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...always sloshed triumphantly through the mud. He was elected lieutenant governor, then governor. When his second term ended, the state was all but bankrupt. But Mississippi sent him to the U.S. Senate, sent him back again in 1940. Bilbo always told the poor, ill-educated, farm-bound "peckerwoods" what they wanted to hear, the way they wanted to hear it. Few Americans since Huey Long had turned men's fear, prejudice, cupidity and hunger for drama so successfully to his own ends...

Author: /time Magazine | Title: POLITICAL NOTES: Prince of the Peckerwoods | 7/1/1946 | See Source »

...their bankrupt country the Hungarian delegation will bring:1) a U.S. promise to restore all property removed by the Germans from Hungary after Jan. 20, 1945; 2) a U.S. promise to return, possibly by Aug. 1, Hungarian gold (approximately $32 million) now held by U.S. forces in Germany, to help stabilize Hungarian currency; 3) some hope of a $10 million credit to purchase U.S. surplus trucks, jeeps, construction material, medical supplies, food, clothing...

Author: /time Magazine | Title: HUNGARY: Mathematics for the Millions | 7/1/1946 | See Source »

...stone merely served as a backdrop for uncleared rubble, and the remnants of its once-blithe spirit were merely counterpoints to present hopelessness. Within the brief flash of 30 years, Vienna had in turn been the gay and gilded center of an empire, the outsized capital of a bankrupt rump republic, a subordinate, provincial town in Nazi Germany, and the cringing wartime scene of bombings, street fighting, burning, looting...

Author: /time Magazine | Title: AUSTRIA: An American Abroad | 6/24/1946 | See Source »

...coal and steel. They were also mad enough four months later to do something about it. Nineteen shippers made up a $10,000 pool, used it to hire a smart lawyer. He went into Federal Court with a novel plea: the T. P. & W. (though highly solvent), was "physically bankrupt," so a receiver should be appointed to run the trains...

Author: /time Magazine | Title: RAILROADS: Signal Victory | 6/17/1946 | See Source »

Kirkeby tested the water before he plunged in. He leased two small hotels in Chicago, used them to learn the business. In 1937 he took the plunge, paid $500,000 for a lease on Chicago's bankrupt Drake. He liked the water fine. In rapid succession he bought Chicago's Blackstone, Los Angeles' Town House (later sold for $100,000 profit), Manhattan's Gotham...

Author: /time Magazine | Title: HOTELS: Better than Bonds | 6/3/1946 | See Source »

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