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...roamed the streets in defiance of Rebel Castro Leon; the best he could do was shoot the high school full of holes. He sent 130 men to capture nearby San Antonio Airfield, but instead the troops rejoined the government. He sent 180 more to take another airport at La Fria; 200 peasants armed by the Guard beat them...

Author: /time Magazine | Title: VENEZUELA: The 24-Hour Coup | 5/2/1960 | See Source »

...point out an error regarding our activity in Cameroon. The aluminum plant belonging to the Compagnie Cam-erounaise de l'Aluminum Pechiney/Ugine is exclusively in the hands of French and Belgian shareholders [not shared with Olin-Mathieson]. On the other hand, Olin-Mathieson is an important shareholder of FRIA, which produces alumina from local bauxite in Guinea; other shareholders in the company, in addition to our French group, are English, German and Swiss producers...

Author: /time Magazine | Title: Letters, Apr. 25, 1960 | 4/25/1960 | See Source »

...Guinea's ties with the French franc, announced Guinea henceforth would have its own currency which, by terms of his own decree, has no value in foreign trade. Dismayed, Shell, Texaco and Socony Mobil were mulling over whether it was worth it to stay. At the big Fria Alumina Works (48.5% owned by the U.S.'s Olin Mathieson Chemical Corp.), 300 European workers went on strike, halting production, seeking some guarantee that their paychecks would really be worth enough any more...

Author: /time Magazine | Title: GUINEA: Toure's Troubles | 3/14/1960 | See Source »

...Chilean, "quite the most unusual and newest on the floor." ¶ Entertaining a delegation of more than 100 Cuban business leaders, Britain's "Empire Salesman" used the American technique, served a typically hard "salesman's cocktail." ¶ Yachting on Lake Llanquihue, Chile, whence they proceeded to Lake Fria, Argentina, T. R. H. were serenaded by a Chilean Army band under a tropic moon. The band was on a barge. After moonset, as the barge was being towed home, a lake steamer ran it down. Twelve bandsmen drowned, six were saved, one body was recovered. Messages of condolence were...

Author: /time Magazine | Title: GREAT BRITAIN: Ich Deal | 3/9/1931 | See Source »

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