Word: et
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Dates: during 1950-1959
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Strictly speaking, the Société Monétgasque de Banque et de Méttaux Prétcieux, run by swarthy Greek Promoter Constantin Liambey, is only one of 13 banks in Monaco. But it had this advantage over most of the others: some $2,500,000 of Monaco's state funds were deposited in its coffers. In the eight years since he opened his bank, the favor of autocratic Prince Rainier and his top advisers had made johnny-come-lately Liambey one of Monaco's richest...
...Edward H. ("Mister") Crump, voted against private power and for the Tennessee Valley Authority power system (it was the first major city to enter TVA). Most Memphians have remained passionately loyal to TVA; they were outraged when the Eisenhower Administration, under the Dixon-Yates contract (TIME, June 28, 1954 et seq.) decided to bypass TVA in constructing a $107 million power installation in the Memphis area. In the mind of Memphis, the Dixon-Yates deal became a thing to be avoided at all cost...
Last week the governor's words were borne out. From the Legion's bottom-pinching, water-throwing "fun" organization, La Société des Quarante Hommes et Huit Chevaux, came some of the most agonized sounds in many a year: the Forty and Eight threatened to walk out on the parent organization...
...lost about 800,000 ingot tons of steel because of the twelve-hour strike of the steelworkers. This week the men were back to work; their leader, silver-haired, mellifluent David J. McDonald, was almost satisfied that he was keeping up with the Reuthers (TIME, June 13 et seq.). Last year McDonald gave up quickly on his demand for a guaranteed annual wage. He could not raise that issue this year because the greatest part of his contract, except for wage clauses, runs until...
Around the free world the economic picture was bright. While the Iron Curtain countries try to cope with falling production, shortages of food and consumer goods, Britain, Italy, France and other free nations report thriving industry, booming stock markets and rising standards of living (TIME, May 10, 1954 et seq.). Last week the most up-to-date summary of just how well the world is doing was presented in Basel, Switzerland, in the 25th annual report of the Bank for International Settlements. Said the bank's General Manager Roger Auboin: "Nineteen fifty-four has been for the world...