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...Give tax credit to U.S. firms for foreign taxes that are deferred or forgiven "by foreign governments as an incentive to new productive investment." The U.S. Government should also allow companies to deduct losses that they suffer due to changes in foreign-exchange rates, such as the recent devaluation of France's franc...

Author: /time Magazine | Title: WORLD TRADE: Formula for Investment | 4/13/1959 | See Source »

...officials from Lhasa to Communist cadres. Twenty-three years ago, when straggling parts of Mao Tse-tung's Eighth Route Army crossed Khamba territory on the famed Long March to Yenan, Khamba raiders picked off Reds by the dozens. Reportedly, Mao has never forgotten what happened-or forgiven...

Author: /time Magazine | Title: TIBET: Call to Freedom | 4/6/1959 | See Source »

...such divisions is the raw material for chaos, and under the pressures of Year 1959 the House might even be forgiven for flying off like pin wheels in 435 different directions. Small chance. In the 170 years of its existence the House, through trial and error (with plenty of both), has developed a remarkable system of self-government, comprised of hard rules and of a hard breed of men who, however else they may differ, live by their rules. The five top leaders of the House have only one thing in common. They can all say with Speaker Sam Rayburn...

Author: /time Magazine | Title: THE CONGRESS: I Love This House | 2/2/1959 | See Source »

...Harold Nicolson and Victoria Sackville-West. Tory Nicolson, 42, has all the proper caste marks (Eton, Oxford, Grenadier Guards), but he also likes to think for himself. First he expressed his opposition to capital punishment, for which some of Bournemouth's retired officers and wealthy widows have never forgiven him. Worst of all, Backbencher Tory Nicolson publicly criticized Sir Anthony Eden's Suez invasion. Outraged, local Tory leaders formally forbade members of the local party to have any contact with him, and pointedly announced that in the next election, Bournemouth East's Tory candidate would be Major...

Author: /time Magazine | Title: GREAT BRITAIN: Randolph's Raid | 2/2/1959 | See Source »

...cigarette-lighter wicks trimmed as acts of thoughtfulness to their ladies. "We must defend Paris," he said, "against the hatless." With full dress there could be no compromise: a dinner jacket was so informal it was a "masterpiece of vulgarity and ugliness." The live-modern age could not be forgiven because it had "killed dilettantism." Tastefully, Le Figaro said of his death: "Andre de Fouquières leaves Parisian life at the dawn of the epoch of severity. Animator of so many fetes and rejoicings of other times, he disappears as if by discretion...

Author: /time Magazine | Title: Milestones, Jan. 26, 1959 | 1/26/1959 | See Source »

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