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Hamburg's influential daily. Die Welt, had called him "the favorite child of West Germany's economic miracle." Fortnight ago, shortly after he had startled West Germany by admitting that he could not meet July's bills (TIME. Aug. 3), Industrialist Willy Schlieker, 48, was declared bankrupt by a Hamburg court. Up for liquidation was Schlieker's entire domain of 23 shipbuilding, steelmaking and trading companies that grossed $200 million last year...

Author: /time Magazine | Title: World Business: The Bigger They Come | 8/24/1962 | See Source »

Compared with his Protestant neighbor, the U.S. Roman Catholic layman has traditionally been something of an ecclesiastical G.I. An active Protestant can take an active part in running his church by joining a board of trustees, and an intensely concerned one might reasonably aspire to succeed Industrialist J. Irwin Miller as president of the 40-million-member National Council of Churches. But among Catholics, the layman is low man in the ranks, subject to the spiritual orders of priests, monsignori, bishops, archbishops, cardinals and the Pope...

Author: /time Magazine | Title: Religion: The Lowly Catholic Layman | 8/17/1962 | See Source »

...Puffin's puffers, but two other teams of British aeronauts as well, were attempting to accomplish what Leonardo da Vinci had failed to do nearly 450 years ago: build and fly an aircraft powered only by man. The payoff is tempting: a $14,000 prize donated by London Industrialist Henry Kremer, 55. The rules of the contest are deceptively simple. All a citizen of the Commonwealth has to do is fly a heavier-than-air craft over a figure-eight course, around two turning points not less than half a mile apart. According to requirements spelled...

Author: /time Magazine | Title: Science: The Pedal Pushers | 8/17/1962 | See Source »

...Notte features Aristotle's other old pals, unity of time and of place, as well. The film portrays one day and night in the lives of Giovanni (Marcello Mastroianni) a successful young novelist; Lidia, his wife; and Tina (Monica Vitti), 19-year old daughter of a fantastically wealthy industrialist. Mostly it is the story of Lidia's attempt to tell her husband that he should still love her, and his attempt to shake off the lethargy that popular success as a writer has brought...

Author: By Walter L. Goldfrank, | Title: La Notte | 8/13/1962 | See Source »

...kisses her quickly to the nape, but when she turns expectantly to embrace him, he has turned away to get his coat. Then to a night club where the urgency of her voice fails to distract him from the vulgar gyrations of the dancer, and finally to the industrialist's home where a huge party is in progress. One sees them go their separate ways, Giovanni attempting to make it with Tina, Lidia refusing to take any part in the proceedings and eventually going off with a man she's mever met. But she to too honest to kiss...

Author: By Walter L. Goldfrank, | Title: La Notte | 8/13/1962 | See Source »

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