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...routine annual audit, somewhat more extensive than usual because of a change of command in the credit subsidiary's hierarchy, turned up jarring discrepancies. Auditors from Ernst & Ernst, which had been examining the books for six years, found that $15 million to $18 million of the receivables consist of noncollectable bad paper. This will cut Whirlpool's aftertax earnings as much as $10 million for the year in 1963. A loss of unknown dimensions also faces Carrier Corp., the Rochester, N.Y., air-conditioning manufacturer that owns the remaining 20% of the subsidiary...

Author: /time Magazine | Title: Credit: A Whirlpool | 7/5/1963 | See Source »

Both ex-Presidents agree that a multilateral leadership of the Alianza is needed to end what Kubitschek calls "this frustrating monologue." They want to set up a new Inter-American Development Committee to run the Alianza. The committee would consist of six representatives of American nations, including a permanent U.S. delegate. Kubitschek's committee would be led by the executive secretary of the Inter-American Economic and Social Council, Lleras' by a president elected every five years. Says Lleras: 'He would become the figure that the Alianza is lacking so that its image may cease...

Author: /time Magazine | Title: The Alianza: Frustrating Monologue | 6/28/1963 | See Source »

...city's Europeans generally choose it over the new government hospital. Few hospitals anywhere can offer such a dedicated staff, or one that lives as austerely. Each of the doctors and nurses occupies a single room equipped with iron bed, enamel wash basin and kerosene lamp; meals usually consist of fried bananas and other fruit. The old man stubbornly refuses to go modern. Says he: "Circumstances command that the hospital be primitive in keeping with the primitive state of the people." He believes that Africans enjoy discomfort, and that they are often afraid of a gleaming white modern hospital...

Author: /time Magazine | Title: Africa: Albert Schweitzer: An Anachronism | 6/21/1963 | See Source »

...Lyle Guslander's Coco Palms resort has become the bellwether for hotel operations on other islands. A low, sleek structure whose two long arms embrace a central lagoon, Coco Palms features local color. Bed-lamp shades are plastic copies of the feathered helmets kings once wore, bathroom basins consist of giant clamshells, and guests are called to meals by a leather-lunged islander blowing into a conch shell. Another Gus-lander development, the 22-month-old Hanalei Plantation, is situated on a promontory that was used as the set for the movie of South Pacific. It is designed...

Author: /time Magazine | Title: Travel: The Outer Islands Are In | 5/31/1963 | See Source »

...laymen in the past decade have joined in forming such groups, and the small, informal "cell" of an "apostolic few" is becoming a significant new form of American religious life. "Small groups," says Dr. Clyde Reid of Union Theological Seminary, "are here to stay." Inevitably, some of the cells consist of faddists and the clique-minded; but most seem to be made up of dedicated Christians who have found that in company with a few fellow believers, they can learn about theology and the Bible and grapple with the concrete problems of living as a Christian in a secular society...

Author: /time Magazine | Title: Churches: The Apostolic Few | 5/24/1963 | See Source »

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