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Should De Gasperi's four-party coalition win a bare majority, the new electoral-bonus law would automatically give him 65% of the 590 Chamber seats, a comfortable margin. If he did not, would De Gasperi make a deal with the Monarchists to organize a majority, as the Monarchists confidently seemed to expect? At Cagliari, De Gasperi was explicit: he would quit instead. "A government half Republican and half Monarchist," said he, would be "a government without principle, a confused government...

Author: /time Magazine | Title: ITALY: On the Eve | 6/8/1953 | See Source »

...auto business had never ceased to excite him, and his job gave him both financial success (his 1952 salary and bonus: $581,100) and great power, the use of which he understood and enjoyed. "After all," he told a Senate committee, "I probably have one of the top jobs in the U.S." When he retired, which he was scheduled to do in 1955, a pleasant personal life awaited him. His six children (three sons, three daughters) and 14 grandchildren were almost all within easy reach of Longmeadow, the Wilson's big fieldstone home on Island Lake, near Detroit. Also...

Author: /time Magazine | Title: National Affairs: Man from Detroit | 6/1/1953 | See Source »

Finally, as a bonus, MacArthur offered Harry Byrd his own updated formula for getting a decision in Korea: "We still possess the potential to destroy Red China's flimsy industrial base and sever her tenuous supply lines from the Soviet. This would deny her the resource to support modern war . . . and threaten the Soviet's present hold upon Asia. A warning of action of this sort provides the leverage to induce the Soviet to bring the Korean struggle to an end without further bloodshed. It would dread risking the eventuality of a Red China debacle, and such...

Author: /time Magazine | Title: FOREIGN RELATIONS: For History & Leverage | 5/4/1953 | See Source »

...Tracy was inclined to agree with the man who sent him $220 and an anonymous letter from Jamestown, Tenn., reading: "I am a World War I veteran. I don't know just how long I was in Ohio before I joined the Army, but I drew a little bonus, and I did not make any untrue statement to get it, but I am returning it. I guess you think I'm crazy. Well maybe...

Author: /time Magazine | Title: Miscellany, may 4, 1953 | 5/4/1953 | See Source »

General Motors reported that its recent president Charles E. Wilson, now Secretary of Defense, earned a total of $581,000 last year in salary and bonus...

Author: /time Magazine | Title: People, Apr. 27, 1953 | 4/27/1953 | See Source »

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