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Peru's ruling junta defiantly observed a "Day of National Dignity" last week with, among other things, an issue of commemorative postal stamps. The stamps portrayed a worker stripped to the waist who proudly held aloft the Peruvian flag in one fist and clutched an oil derrick in the other. The design -and the holiday - had been purposely chosen for the date that the U.S. was scheduled to cut off assistance to Peru as punishment for expropriation of the U.S. owned International Petroleum Co. Just two days before the deadline, President Nixon decided that an IPC appeal pending before...

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

Faulty Caisson. Laced by giant cross girders and faced with bronze-tinted glass and ebony-colored aluminum, the John Hancock structure tapers dramatically upward in the Chicago skyline like a flat-topped oil derrick. The first 43 floors are designed largely for commercial use. There will be five floors for a bank, a brokerage office and retail shops. Above that come seven floors of parking space-enough for 1,200 autos-and then 28 floors of office space, which will add at least 7% to Chicago's supply. There is a 44th-floor "sky lobby," consisting of a barber...

Author: /time Magazine | Title: Real Estate: Profits in Vertical City | 2/7/1969 | See Source »

...more than a year, a sort of rough neck regatta has been churning the wa ters of the Gulf of Mexico off Loui siana. It is composed of workboats, tugs, barges and even helicopters, and is crewed by hard-hat engineers, welders and derrick workers. Along the Gulf, a group of companies have strung out 1,000 miles of pipeline in a race for some of the richest U.S. natural-gas deposits...

Author: /time Magazine | Title: Natural Resources: Roughneck Regatta | 11/8/1968 | See Source »

...Announcer Joe Humphreys boomed over the crowd: "Farewell to thee, O Tem ple of Fistiana, farewell to thee, O sweet Miss Diana." He climbed from the ring, sobbing. Next day Lawyer-Statesman Elihu Root and Fight Promoter Tex Rickard stood together bare headed in the rain as a derrick lowered Diana from her pedestal...

Author: /time Magazine | Title: Monuments: New York's No More | 9/1/1967 | See Source »

WILLIAM PAUL DERRICK...

Author: /time Magazine | Title: Letters: Jun. 30, 1967 | 6/30/1967 | See Source »

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