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...Beitz, general manager of Krupp Industries, suggested that the job of economic world uplift is too big for the investors of any one country, instead proposed that investors form a multi-nation investment association in much the same manner that six individual contracting companies joined together to build the Hoover Dam. Such pooling, said Industrialist Beitz, would provide "a great new source of investment capital." It would be a private world bank that would receive and that would lend local currencies for investment anywhere in the world...

Author: /time Magazine | Title: The Capitalist Challenge: NEW IDEAS FOR INVESTMENT | 10/28/1957 | See Source »

...summons to appear in Judge Davies' court, or that his lawyers had walked out on the showdown hearing.) Teen-age girls had "been taken by the FBI and held incommunicado for hours of questioning while their frantic parents knew nothing of their whereabouts." (Said FBI Director John Edgar Hoover: Faubus was "disseminating falsehoods...

Author: /time Magazine | Title: National Affairs: Quick, Hard & Decisive | 10/7/1957 | See Source »

...85th Congress failed to pass a school construction bill to relieve the nation's critical classroom shortage, failed to provide for a turnover of Government in case of presidential disability, failed to appropriate funds for flood insurance, failed to approve statehood for Hawaii or Alaska, failed to follow Hoover Commission recommendations for budget-practice reform, failed to give federal aid to economically depressed areas, failed to revise lobby and campaign-spending laws. Time after time, the 85th Congress moved only halfheartedly when it moved at all. Example: it finally got around to correcting certain inequities in the McCarran-Walter...

Author: /time Magazine | Title: National Affairs: THE DO-LITTLE 85th CONGRESS | 9/9/1957 | See Source »

Maurice Halperin, onetime chairman of Boston University's department of Latin American regional studies, who fled to Mexico in 1954 before a scheduled questioning by university authorities. FBI Chief J. Edgar Hoover included Halperin's name with that of Harry Dexter White in a list of suspected Communist agents sent to President Truman in 1945; according to ex-Communist Courier Elizabeth Bentley, Halperin gave her secret documents and party dues when he was employed...

Author: /time Magazine | Title: MEXICO: Red Haven | 9/9/1957 | See Source »

Going along amiably with the rituals required of an elder statesman when he becomes a year older, former President Herbert Hoover, a healthy 83, boarded the liner President Hoover at San Francisco, sliced a chunk from a 5-ft.-long birthday cake modeled after the ship. Earlier, he told reporters that the state of the nation, despite threats of war and inflation, is "the best in history." He reported that his health is "fundamentally good," then qualified his diagnosis wryly: "After you pass the scriptural limit of three score and ten years, your longevity depends mainly on pills...

Author: /time Magazine | Title: People, Aug. 19, 1957 | 8/19/1957 | See Source »

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