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...Canada last week the more optimistic government leaders were certain that Alberta's dilemma would be resolved somehow. For one thing, the problem was closely tied to Canada's dollar-shortage problem: crude-oil imports ($200 million last year) were third on the list of her dollar spending (after coal and industrial machinery). The saving of $200 million would help to meet the dollar deficit. Oil sales in the U.S. would help still more, and Canadians thought that the U.S. would not ignore this fact in its concern for the western world's economic health...

Author: /time Magazine | Title: CANADA: Flowing Gold | 8/29/1949 | See Source »

...Maritain sees it, the betrayal of Christianity has been done chiefly by those who are perhaps the worst atheists of all-the "practical" atheists who think of themselves as Christians. Absolute atheism is merely "a translation into crude and inescapable terms, a ruthless counterpart, an avenging mirror of the practical atheism of too many believers who do not actually believe . . . Decorative Faith is nowadays not enough . . . To believe in God must mean to live in such a manner that life cannot be lived if God does not exist...

Author: /time Magazine | Title: Religion: The God-Haters | 8/22/1949 | See Source »

This sad and ridiculous situation is the starting point of William Sansom's smoothly joined and brightly told study of middle-aged delusional jealousy. Henry Bishop yearned for the days when people gently chased butterflies with nets; by contrast, he found modern life crude and vulgar. Until Diver's appearance, his 20 years of marriage with Madge had been plain, placid and passionless. Diver was all energy and heartiness. To Madge's amusement, he thrust trick gadgets at Henry-a golden dog whose eyes lit up, a dinner plate that leaped up convulsively...

Author: /time Magazine | Title: Books: Anatomy of Jealousy | 8/22/1949 | See Source »

...industry, king of last year's profit parade, was still doing all right. But with crude oil once more in surplus and prices again competitive, the industry continued to slide from its boomtime peak. Phillips Petroleum's net dropped 40% from $36.5 million to $21.9 million, Socony-Vacuum's from an estimated $71 million to $47 million, down...

Author: /time Magazine | Title: EARNINGS: What's Up? | 8/8/1949 | See Source »

...cost them 44 of their 93 ships; during the Palestine fighting, they lost control of the Haifa refinery. But Sir William speedily got the refinery back, and he has rebuilt the tanker fleet to 121 ships, greater than ever. Since the war he has helped Anglo-Iranian boost its crude-oil production from 16.8 million tons in 1945 to 28 million tons...

Author: /time Magazine | Title: OIL: Under the Big Globe | 8/1/1949 | See Source »

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