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...Wales, was blacklisted by his company's management for his role in a bitter, late-19th century strike John L. quit school before he finished the eighth grade, and by age 15 he had followed his father to the pits. In Colorado he mined coal. Then it was copper in Montana, silver in Utah, gold in Arizona. In 1911, Lewis went to work for Samuel Gompers, then president of the American Federation of Labor and the greatest labor tactician of the era. Because he could back his sharp tongue with a strong, 210-lb. frame, Lewis soon became...

Author: /time Magazine | Title: Labor: Demon, Sovereign and Savior | 6/20/1969 | See Source »

Nicknamed "the Ham" because he likes to pose for pictures, the copper-toned colt impresses everybody with his appearance as well as his record. His breeder, Leslie Combs II of Spendrift Farm in Lexington, Ky., raves: "He has looks. He has speed. He has courage. And, most important, he has done everything right from the very start." Majestic Prince has certainly done right by Combs, who sold him as a yearling in 1967 for the then record price of $250,000-to Frank McMahon, a Vancouver, B.C., industrialist...

Author: /time Magazine | Title: Horse Racing: Beauty and the Beast | 5/2/1969 | See Source »

...Yanqui dollar has begun to look like a more formidable weapon. U.S. banks normally underpin Peruvian industry and trade with about $150 million in loans; these funds have been reduced sharply since the expropriation arguments began. Another potential $700 million in U.S. private investment in Peru, mostly in copper mining, is being held up until the issue is settled. Advisers have rightly warned Velasco that such losses are more detrimental to Peru's economy than the withdrawal of U.S. aid. However, as one puts it: "Getting Velasco interested in the economy is like getting a Buddhist monk interested...

Author: /time Magazine | Title: Peru: Postponed Problem | 4/18/1969 | See Source »

...well. As long as a well produces, the depletion write-off continues, even if the original cost of exploration and drilling has been recaptured 19 times over-as typically occurs. Other treasures from the earth and seas rate lesser but equally arbitrary allowances: 23% for uranium, 15% for copper, silver and gold, 10% for coal, 5% for oysters, clams and clay for flower pots. The theory is reasonable: extraction depletes natural resources. But oilmen lately have made enormous discoveries in Alaska and elsewhere; the U.S. has enough proven oil reserves to last for 20 years...

Author: /time Magazine | Title: Business: WHY TAX REFORM IS SO URGENT AND SO UNLIKELY | 4/4/1969 | See Source »

Because of all Lear's hang-ups, he could be called a truly modern figure for his sense of the precarious and tragic in human life. His nonsense verses, always catchy, should acquire renewed relevance today. They were the obverse of the solid moral copper coins given to good little Victorian children by the avuncular Establishment. His characters, like the "Old Person of Cadiz" or "Young Lady of Clare," are rarely righteous, and when they do practice virtue, it often goes refreshingly unrewarded. One thing this age will never really understand about Lear: his penchant for the nonporno limerick...

Author: /time Magazine | Title: Books: How Pleasant to Know Mr. Lear | 4/4/1969 | See Source »

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