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Three years of mismanagement by an increasingly corrupt military dictatorship has brought the Republic of Colombia to the brink of economic chaos. Despite good coffee prices and a bumper crop, Colombia is in debt by over 350 million dollars, more than its entire income from coffee exports for the first eight months of 1956. Her currency has depreciated, her credit has been seriously damaged, and her foreign exchange reserves reduced to a dangerously low level...

Author: By Charles Green, | Title: Colombia | 11/16/1956 | See Source »

...Cadillac will look much like last year's $8,500 Eldorado special model. Grilles are lower and wider-looking; the traditional Caddy taillight fin has been replaced by a thinner, all-metal fin jutting above a cluster of taillights set down near the bumper; and the body has been dropped to reduce overall height another 3 in. to 59 in. on the 60 Special and 62 Sedan. Power: up 15 h.p. to 300 h.p. in the standard engine, up 40 h.p. to 325 h.p. in the special V-8 installed as optional equipment in 1957 Eldorado models...

Author: /time Magazine | Title: AUTOS: The Show Stoppers | 11/12/1956 | See Source »

...view of Tito's return to cozy relations with Moscow. Khrushchev's arrival, dramatizing Tito's ties with the Soviet Union, could have been a deliberate attempt by the Russians to jeopardize these negotiations. Yugoslavs were not slow to point out that Khrushchev, with a bumper Soviet harvest reported this year, was in a position to cover the U.S. wheat offer, probably would like to impose this extra obligation on Tito...

Author: /time Magazine | Title: YUGOSLAVIA: Huntsman, What Quarry? | 10/1/1956 | See Source »

...company "as much as a temperance agency as a profit-making concern," capitalized on anti-liquor sentiment with the slogan: "Get the Welch habit-it's one that won't get you." One of his most successful ads showed a ripe-lipped lass raising a bumper glass of grape juice with the invitation: "The lips that touch Welch's are all that touch mine...

Author: /time Magazine | Title: CORPORATIONS: Almost Like Wine | 9/3/1956 | See Source »

Only eight months ago used-car lots in many sections of the U.S. were packed with unsold cars on which the prices were plummeting. In San Francisco one dealer surveyed his bumper-to-bumper lot and wailed: "This is the first time a customer can buy a one-year-old car at 50% of its cost when new." But by the end of July the whole picture had changed to what the Automotive News called a used-car shortage of "near-drastic proportions." Accordingly, prices were rising...

Author: /time Magazine | Title: AUTOS: Used Cars Wanted | 8/20/1956 | See Source »

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