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...Outward Sign. Europe's brisk plunge into external convertibility had one important side effect. It spelled the end of a useful eight-year-old system, the European Payments Union. Foreseeing such a day, 17 countries of Western Europe pledged themselves, back in 1955, to settle their foreign-trade accounts through a new organization called the European Monetary Agreement. Unlike E.P.U., it will not automatically extend credits to nations that run a deficit in their inter-European trade. Without the cushion of automatic credits, all Western European nations-and especially France, which ran up a $460 million deficit in E.P.U...

Author: /time Magazine | Title: WESTERN EUROPE: Toward Freedom | 1/5/1959 | See Source »

Like the old soldier he is, De Gaulle has imposed a brisk routine on himself as well as on his subordinates. Arising punctually at 7:30, he breakfasts on coffee and croissants with Madame de Gaulle, then plunges into a detailed summary of the French and foreign press. At 9 he enters his office (which is decorated with busts of Caesar and Nero) for a conference with his personal staff, headed by 47-year-old Georges Pompidou, onetime executive of the Rothschild bank. The day planned, De Gaulle spends from two to three hours receiving visitors. Contrary to their original...

Author: /time Magazine | Title: FRANCE: Man of the Year | 1/5/1959 | See Source »

...Angeles, which got off fairly well after Thanksgiving, then had a bad slump when mid-December turned unseasonably hot, finally got a bit of brisk weather. Shoppers surged into the stores in such numbers that some places reported sales 10% above 1957. What made merchants everywhere particularly happy was that buyers headed for the expensive goods. Said Cyril Magnin of San Francisco's Joseph Magnin: "All the higher-priced lines in everything did very well." Philadelphia reported a year-end run on jewelry and furs. Said Max Robb, president of the City Stores chain: The customers of all income...

Author: /time Magazine | Title: STATE OF BUSINESS: Fast Finish | 1/5/1959 | See Source »

...following morning, under a starlit sky, Vinoba Bhave's disciples rose quietly and loaded their meager belongings in a truck. Ninety minutes later, wearing a grandmotherly shawl over his dhoti, Bhave marched briskly out of the schoolhouse and headed straight down the village road at a brisk pace, looking neither to right nor left. A man with a lantern raced ahead of Bhave to light his way. Following after came some three dozen wraithlike women secretaries and husky disciples-including the barefoot son of a wealthy cotton-mill owner, a nephew of India's Finance Minister, and landowners...

Author: /time Magazine | Title: INDIA: Bhoodan & Gramdan | 12/29/1958 | See Source »

...picture bride," has traveled far to greet her future father-in-law in the stubbornly Oriental parlor of his San Francisco home. And she has arrived on time. Until now, Flower Drum Song has been nothing but the newest Rodgers and Hammerstein hit musical-brisk, bright, opulently staged, professional. When Miyoshi Umeki glides onstage to star in her first Broadway show, her first four words capture the house. The warmth of her art works a kind of tranquil magic, and the whole theater relaxes...

Author: /time Magazine | Title: BROADWAY: The Girls on Grant Avenue | 12/22/1958 | See Source »

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