Word: canadians
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Dates: during 1950-1959
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Slouching angularly at his front-row desk in the House of Commons, Conservative Prime Minister John Diefenbaker deftly handled some fast-breaking problems of state. With a quick parliamentary shuffle he bottled up a CCF (socialist) demand for Canadian recognition of Red China, thus earning Washington's warm approval. He coolly denied strife-torn Newfoundland (TIME, March 23) the lavish federal aid that the province wants (leading Liberal Premier Joseph Smallwood to cry "betrayal'' and drape provincial buildings in crape). Then, as the House droned toward Easter recess, weary John Diefenbaker caught a Saskatchewan-bound jet transport...
Western researchers are willing to credit Russian colleagues with notable contributions to the study of fats and heart disease. The reverse is not true, the Canadian Medical Association Journal complained last week. Political ideology apparently is more potent than scientific solidarity. It quoted a Soviet internist, Professor I. Gurevitch, as writing in Klinicheskaya Meditsina that the campaign to reduce fats in the diet is a capitalist plot-"advantageous to the ruling classes, who are at present engaged in lowering the living standard of the masses, in lowering their wages and in raising the price of food and particularly...
Unknown Giant. The man who benefited most from the fast rise is an up-from-the-sidewalks Canadian financier and promoter, Louis Arthur Chesler, 46, chairman and prime mover of both Universal and General. Lou Chesler came to the U.S. three years ago with $4,000,000, has since run up a paper profit of $70 million on his Universal and General holdings alone. Yet few Wall Streeters know him, since he keeps in the background, trains the limelight on his U.S.-born junior partners...
...also raised some eyebrows. In 1941 Chesler turned up as a crown witness in a case involving illegal sales of Canadian government bonds. Actually, Chesler and his firm had been ordered by the Bank of Canada to play along with the hanky-panky to trap the villain...
...touch has brought burly Lou Chesler most of the material possessions a man could desire: a 54-ft. yacht, a $250,000 Long Island estate, half ownership of a three-year-old Kentucky Derby hopeful named Atoll, firm control of two growing companies, vast investments in other stocks and Canadian real estate. Still he wants more. Recently he tried to merge Universal with Underwood Corp., got a cool reception and retreated. What makes Lou Chesler run? Answers Chesler: "I just cannot resist the challenge of an obvious business opportunity. Though this may sound corny, I'm also interested...