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...thunderous rumble came from up the valley, where, three miles distant and 1,690 ft. above them, the Tera River, swollen by a fortnight of rain, was held in check by a stone and concrete dam built two years ago. The only explanation of the now deafening thunder was that the dam had burst. Electrician Rey scrambled up the church tower, began ringing the bell in alarm. Father Plácido started waking his neighbors. Some few fled with him across the only bridge and climbed the opposite hillside. Others raced to the church tower or to high ground...

Author: /time Magazine | Title: SPAIN: Thunder in the Ravine | 1/19/1959 | See Source »

...eventually will save Argentina the $300 million it spends each year for foreign oil, a sum roughly equal to its whole trade deficit. Then Frondizi freed the artificially pegged peso to find its true value, discarded much red tape that distorted and paralyzed Argentina's foreign trade. A fortnight ago, to help shore up the peso and make the economy more productive, U.S. Government and private banks, as well as the International Monetary Fund, announced a $329 million loan to Argentina. The loan soothed many Argentines, who tend to blame Frondizi for the discomforts of living within their means...

Author: /time Magazine | Title: The Hemisphere: ARGENTINA'S CLEANUP MAN | 1/19/1959 | See Source »

...Berlin. Mikoyan may try to arrange a U.S.-U.S.S.R. Big Two parley (the U.S. has insisted that Britain and France must take part in any summit conference), possibly a Khrushchev visit to the U.S. Besides spending four or five days in Washington, Mikoyan may make a fast fortnight's tour of major U.S. cities-reportedly including Philadelphia, Boston, Cleveland, Chicago, Detroit, Dallas, Los Angeles. San Francisco-to get the feel of U.S. opinion...

Author: /time Magazine | Title: National Affairs: VISITOR FROM THE KREMLIN | 1/12/1959 | See Source »

...Hoffa henchman, taking his cue from the boss, boldly announced that he was ready to organize the 24,000 members of the New York police department.* Said Teamster Henry Feinstein, 53, who holds down an $8,500-a-year city job as supervisor of transportation in Manhattan: Within a fortnight he would throw pickets around police headquarters, police depots and supply stations. Hoped-for result: fellow Teamsters would refuse to deliver police supplies, and-as Feinstein put it-Police Commissioner Stephen Kennedy (TIME, July 7) would "get a taste of Teamster economic force and pressure. The commissioner," said Feinstein, with...

Author: /time Magazine | Title: LABOR: Jimmy's Big Dream | 1/12/1959 | See Source »

...embassy a Chinese cook refused to bake a supply of cookies after he learned that a Dutchman was coming to dinner. Fearing that they too might get the treatment, foreign diplomats now tend to avoid the Dutch mission, which has become the loneliest diplomatic outpost in the world. Every fortnight or so The Hague gets a frantic cable from Slingenberg, protesting the circumstances. The Dutch, who see no way to help him out of his predicament, intend to leave him to his own devices until his transfer comes through next December...

Author: /time Magazine | Title: RED CHINA: The Lonely Crowd | 12/29/1958 | See Source »

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