Word: fiascos
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Dates: during 1940-1949
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Considered as a step toward hemispheric self-sufficiency, the rest of the tin deal was the rest of a fiasco. Patiño's companies are interlocked with the British-Dutch cartel, and he controls a smelter in Liverpool. His ore has always been smelted there, crossing the Atlantic twice before it gets to the U.S. After prolonged negotiations, Jesse Jones contracted with a Dutch firm to smelt Bolivian ore in Texas-with a Dutch East Indian ore admixture, which keeps U.S. tin technology tied to the Far East. To feed the Texas smelter he secured less than half...
...apparently saw it would not last. Early this year (TIME, March 17), he tried to make Schram $35,000-a-year president of Chicago's Federal Reserve Bank, failed when local patriots revolted. At a press conference a few days later a reporter needled Jones about the Chicago fiasco. Waving at Schram, whose RFC salary is $10,000, Jones cracked: "He's a farmer; when somebody dangled that big money in front of him, he jumped...
...remains intact. . . . The British to all intents and purposes are as far off from a decision as ever. And the internal front of Italy not only has not collapsed but it has been strengthened. Consequently, we can without any hesitation conclude that the great British offensive has proved a fiasco...
Scapegoat elected for Mussolini's Albanian fiasco was white-haired, crinkle-eyed Marshal Pietro Badoglio, Chief of the General Staff, universally recognized as Italy's sagest soldier. He had opposed the Greek venture. Germany's Field Marshal Wilhelm Keitel is also said to have opposed the Pindus push, recommended instead a sudden naval encirclement with multiple landing parties, such as Germany sprang on Norway. Being obliged to cons jit Keitel last month, to be told how to retrieve his subordinates' botch of a campaign which he never approved, must have made the 68-year-old Marshal...
Back to London after his fiasco at Dakar and his coup in Gabon went General Charles de Gaulle last week. Tired but still brisk, he went straight to No. 10 Downing Street to report to Prime Minister Winston Churchill. Later he broadcast an appeal to Frenchmen in France to hold out against the Vichy Government. "Free France," said its leader, "now has 35,000 trained troops under arms, 20 warships in service, 1,000 aviators and 60 merchant ships at sea." In a phrase reminiscent of Dakar (where De Gaulle forces withdrew rather than fight other Frenchmen) General de Gaulle...