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...Reds. When Chinese rule returned to Formosa (ending Japanese possession since 1895), 64-year-old Chen had seized an opportunity himself. With his Chinese aides and "monopoly police" he took over and expanded the Japanese system of government industrial and trade monopoly (sugar, camphor, tea, paper, chemicals, oil refining, cement). He confiscated some 500 Jap-owned factories and mines, tens of thousands of houses. As the Shanghai newspaper Wen Hui Pao remarked, he ran everything "from the hotel to the night-soil business." The Formosans felt like colonial stepchildren rather than long-lost sons...

Author: /time Magazine | Title: CHINA: Snow Red & Moon Angel | 4/7/1947 | See Source »

...presidential plane rolled to a stop in the bright morning sunlight, the carefully rehearsed formalities began. President Truman hopped out brisk & cheerful, despite his early (2:59 a.m.) takeoff, to meet U.S. Ambassador Walter Thurston and his aides, drawn up on the cement apron. At the same moment Mexico's President Miguel Aleman started down a specially built staircase from the observation platform (which had been newly decorated with brown rugs, leather office furniture, gleaming brass spittoons). The 21-gun salute due a chief of state boomed out; the U.S. and Mexican anthems sounded...

Author: /time Magazine | Title: THE PRESIDENCY: Double Eagle | 3/10/1947 | See Source »

...lived in Guatemala City and Juanito had seldom seen him anyway. More money jingled in Juanito's pocket (his wages were recently hiked from 5? to 50? a day), but higher prices had just about canceled out the raise. He had heard that model government houses, of cement and adobe, might soon be built on his finca. But his boss, the same finca manager who had been on the place for 35 years, was still there demanding work. Juanito swung...

Author: /time Magazine | Title: GUATEMALA: Accidental Socialism | 2/24/1947 | See Source »

Across the U.S., loading platforms and warehouses were jampacked with marooned goods. Shippers of everything from cement to washing machines frantically called for freight cars; some were lucky to get 10% of their minimum needs. In the Midwest, grain belt farmers stared nervously at grain-choked elevators, wondered whether they would be cleared before 1947 crops came in. It was the worst freight-car shortage in 25 years...

Author: /time Magazine | Title: Situation Bad | 2/24/1947 | See Source »

Racquets is played on a court of sweat-proof concrete twice the size of a squash court. Even before the war, a court cost $50,000 to build. One London firm has the secret formula for the non-sweating cement, and trusts no one but its own masons with the mixing of it. The balls add to the game's speed and cost: they are golf-ball size but made like baseballs-tightly wound cotton thread covered with leather. They shoot around the cell-like court so fast that experts judge the ball's speed not only...

Author: /time Magazine | Title: Sport: One for the British | 2/10/1947 | See Source »

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