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...passing, Petrobrás suggested that the oil companies might like to offer financial aid towards construction of the refinery. Last week word came from Brazil that Petrobrás had accepted a Texas Co. offer to supply 15,000 bbl. of crude a day and to make a fiveyear, 6% loan of $6,000,000 to help cover the refinery building costs...

Author: /time Magazine | Title: BRAZIL: Aid Bid | 2/18/1957 | See Source »

Wayne promptly fills his trusty horse with hay and sets off on a fiveyear, Technicolor, VistaVision search for the girls. His itinerary sounds like that of Lewis & Clark, but the camera never seems to get outside Arizona and Utah's beautiful Monument Valley. Tagging along is Jeffrey Hunter, who spends nearly as much time trying to soften Wayne's vindictiveness as he does hunting Indians. Though the film runs for two hours, it nevertheless races through its individual scenes at so breakneck a pace that moviegoers may be uncertain just what is going on. Director Ford indulges...

Author: /time Magazine | Title: Cinema: The New Pictures, Jun. 25, 1956 | 6/25/1956 | See Source »

Land reform will be financed as part of a fiveyear, $250 million economic development program announced by Castillo Armas last week as Guatemala put its new constitution and Congress into formal operation. The U.S. may supply a fifth of the total sum, has already contributed $2,400,000 toward land resettlement. But other land reform funds will come from a tax that may prove to be the most revolutionary part of the law. The tax applies to untilled parts of large farms, and increases by 25% every year - up to five years -that the land is left unproductive. Though...

Author: /time Magazine | Title: GUATEMALA: Reformed Land Reform | 3/12/1956 | See Source »

...Sent to Congress a message requesting a fiveyear, $250 million federal program to expand medical research and teaching facilities. Among the appropriations suggested: $22 million for heart disease research. His report pointed up the remarkable progress in health insurance (see MEDICINE...

Author: /time Magazine | Title: National Affairs: Pushing Ahead | 2/6/1956 | See Source »

...Excellent Condition." There was satisfying evidence of work done. The President appointed an eight-man watchdog committee, headed by Massachusetts Institute of Technology President James R. Killian Jr., to examine and report on the work of the U.S. intelligence agencies. He sent to Congress a message proposing a fiveyear, $2 billion federal aid program for public-school construction. He asked Congress to appropriate $60 million for flood relief. He accepted the resignation of Treasury Under Secretary H. Chapman Rose, who is returning to his Cleveland law practice. He welcomed back Aide Bernard Shanley, who had left the White House staff...

Author: /time Magazine | Title: THE PRESIDENCY: A Time for Testing | 1/23/1956 | See Source »

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