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...spell out for the Senate Armed Services Committee his modern version of an old Army land doctrine. "To protect people on this earth you need to hold the land with forces on the ground." said General Lyman Louis Lemnitzer. the Army's Vice Chief of Staff last fortnight. "The addition of nuclear or thermonuclear types of weapons does not in any way replace the requirements for good manpower." The Senators listened with close attention, later confirmed President Eisenhower's appointment of General Lemnitzer to the Army Chief of Staff's job, to succeed General Maxwell Taylor July...

Author: /time Magazine | Title: ARMED FORCES: Forces on the Ground | 5/11/1959 | See Source »

Frightfully keen on Caribbean uprisings (she was a stout supporter of Fidel Castro), Dame Margot joined Tito in Panama a fortnight ago just as he decided to have a go at overthrowing President Ernesto de la Guardia. But Tito ran into trouble from the moment he tried to get his arms and his seven-man army together on an invasion-bent shrimp boat named Elaine (he is part owner of a fishing fleet). In a chartered yacht named Nola, he rendezvoused with Elaine and a pair of arms-laden outboard-motor boats. One of the outboards' cargoes was transferred...

Author: /time Magazine | Title: PANAMA: Bullet Ballet | 5/4/1959 | See Source »

...concession reversed seven years of continued insistence by Muñoz that the status issue was settled once and for all in 1952 when 81% of the voters endorsed the Commonwealth constitution. As recently as a fortnight ago, Muñoz firmly maintained that statehood and the accompanying obligation to pay federal taxes would be "the ruin" of Puerto Rico...

Author: /time Magazine | Title: PUERTO RICO: The 51st State? | 5/4/1959 | See Source »

...last week was Peter Theakston, 13, who had banked enough from his newspaper route to buy four shares last January at 38⅜. Like other shareholders, Peter was concerned by the stock's gyrations (TIME, March 30)-selling as high as 77½ in mid-March, down a fortnight later to 45⅛. Nobody had the courage to ask management for an explanation, until Peter spoke up: "Why did General Development stock rise so fast and then drop so fast?" President Frank Mackle pleaded embarrassed ignorance: "Son, I don't know too much about the stock market...

Author: /time Magazine | Title: WALL STREET: Lucky 13 | 5/4/1959 | See Source »

Lately Lear has shown that he is finally aware of such shortcomings. He has beefed up the service department, and a fortnight ago he shook up his top management to get in position for a concentrated attack on building markets and improving products. In the shift, Vice President James L. Anast, 40, former aide in Washington to Federal Aviation Boss Pete Quesada, moved up to president as Richard Mock became chairman of the executive committee...

Author: /time Magazine | Title: CORPORATIONS: Mr. Navcom | 5/4/1959 | See Source »

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