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...offshore oil area," says Magnolia Petroleum Co., "may be the last big undeveloped oil province in the U.S." Yet, while the U.S. is worried about sources and has only an eleven-year supply of proven reserves, Magnolia and most of the other major producers are cutting back their offshore search. Last week only 79 seaborne rigs were poking their drill bits into the Gulf of Mexico; last August in rigs were operating off Louisiana's shores alone...

Author: /time Magazine | Title: OIL: Stalled Offshore | 12/2/1957 | See Source »

...owner: New York's Democratic Governor Averell Harriman), pretty Jeanne Murray Vanderbilt, 33. second wife of Millionaire Horseman Alfred Gwynne Vanderbilt, 44, won a divorce on the technical ground of "extreme mental cruelty." During the last fortnight of her legalistic Idaho residency, Jeanne and the children of her eleven-year marriage, Heidi, 8, and Alfred Jr., 6, had taken some "out-of-season" skiing lessons and more than one pratfall. Snapped by a Chicago lensman as she headed back to her "home" in New York. Jeanne looked glum, kept mum. A little less reticent was one of her most...

Author: /time Magazine | Title: People, Dec. 31, 1956 | 12/31/1956 | See Source »

Even so, by the time the General Assembly called the first emergency special session in its eleven-year history, it was clear that the Times's caustic judgment had roweled both NBC and CBS into at least limited action (ABC pre-empted only one half-hour show the entire evening). The national chains carried spotty U.N. pickups all evening, but when Secretary Dulles appealed to the world for support, ABC was preoccupied with The Lone Ranger, NBC with Guy Lombardo and CBS with Sergeant Preston of the Yukon. (But CBS did carry the late session until closing...

Author: /time Magazine | Title: Radio: Stupid & Irresponsible | 11/12/1956 | See Source »

...Eleven-Year Silence. Poland's break with Russia was the spark. Hungarian students got permission to express sympathy with the Poles by gathering silently before Budapest's Polish embassy. Then the Central Committee of the Communist Party canceled the permit. Party Leader Erno Gero, belatedly conferring with Tito on means to "liberalize" the regime and expected back from Belgrade that day, wanted no political demonstrations. At noon there were angry student meetings in every college. At the Polytechnic a printing press was seized, a broadsheet printed. Budapest came out to see the student fun. Said an old woman...

Author: /time Magazine | Title: Foreign News: When the Earth Moved | 11/5/1956 | See Source »

...shall direct a verdict of acquittal." Icardi broke into tears. Justice Department attorneys gaped in disbelief. Whether Aldo Icardi was guilty or innocent under terms of American justice would never be known, for Judge Keech's decision appeared to have ended, once and for all, an eleven-year, $300,000 attempt to make a case against him. But, in doing so, the judge had laid down a sharp restriction on uninhibited congressional investigation that Congress would not soon forget...

Author: /time Magazine | Title: THE LAW: Congress Off Limits | 4/30/1956 | See Source »

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