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Though he gives the credit to Bolivar, Dickie Arias himself apparently thought up the idea for the gathering, as an extra flourish to a commemorative meeting of the Council of the Organization of American States starting in Panama June 22. It was a proposal that might have aroused nervous objections; leaving 20 capitals without Presidents all at once was an idea without precedent. But the invitation got a warm reception three days after it had gone out; seven Presidents accepted. Among those who approved the idea in principle-subject to demands that may be made on him by the adjournment...

Author: /time Magazine | Title: THE AMERICAS: Club Meeting | 5/14/1956 | See Source »

Then Khrushchev launched into his main theme: "Our trade would hardly flourish if it were based on the sale of crabs on our side, and the sale of herring on yours. Though I do believe that our crabs are very good. And your herring is wonderful, particularly if you eat it with a bit of vodka. But that is very little if one wants to develop really large-scale trade...

Author: /time Magazine | Title: Foreign News: Fist for a Fist | 5/7/1956 | See Source »

...such lowly posts as zoo keepers (one of whom appropriated the zoo's imported canaries for his private collection). Some tidbits: ¶ Perón did his mother-in-law out of half of her bequest from the late Eva Perón, then with a medieval flourish had Evita's brother, Juan Duarte, killed because he knew too much.* ¶ The dictator lavished $20 million on the clubs of his Union of High School Students, favoring teen-age girls with gold wrist watches and nylons before eventually choosing one 14-year-old, Nelly Rivas, as his special...

Author: /time Magazine | Title: ARGENTINA: Dictatorship & Corruption | 4/30/1956 | See Source »

...Federal Reserve Board leaned in the opposite direction, convinced that the boom was still picking up speed so fast that it might get out of hand. Last week the Federal Reserve governors decided it was time to put more checks on credit and industrial expansion. With a flourish of his pen FRB Chairman William McChesney Martin Jr. okayed, for the fifth time in a year, an increase in the discount rate for eleven of FRB's twelve district banks, thus making it more expensive to borrow money...

Author: /time Magazine | Title: STATE OF BUSINESS: Brake on the Boom | 4/23/1956 | See Source »

...intertwining of two processes-the coming of age of a sensitive .girl and the coming of age of an equally sensitive nation-makes a compelling novel. Santha Rama Rau, who writes English (Home to India) with the flourish of conquest, portrays newly freed India through the mind of Indira ("Baba") Goray, daughter (as is Novelist Rau) of a rich and respected Indian politician. The story transpires in Bombay, in the hill country of the north, and among the elaborate Victorian palaces of the Indian rich on the Malabar Hill. Baba and her sophisticated schoolgirl friend turn their wary eyes...

Author: /time Magazine | Title: Books: Coming of Age | 4/16/1956 | See Source »

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