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...reaction to the release of Olmstead and McKone was overwhelmingly enthusiastic. But a few warning voices were raised. Vermont's Republican Senator George Aiken charged that Khrushchev was merely "playing power politics." Cried New York's Republican Senator Jacob Javits: "There is no thaw in the cold war, and this doesn't change anything on critical matters like Berlin, Laos or the Congo...

Author: /time Magazine | Title: The Cold War: Return of the Airmen | 2/3/1961 | See Source »

...billion copies of 56 magazines last year). In a deal soon to be signed and sealed, McCall Corp. will acquire the Saturday Review as a wholly owned subsidiary. In exchange, the Saturday Review's twelve stockholders-by far the biggest of whom are Editor Cousins and Publisher Jacob R. Cominsky-will get about $3,000,000 in McCall Corp. stock. But the chief attraction of the deal for Cousins and Cominsky is that under the new setup the Saturday Review will be able to use McCall's distribution and promotion facilities to grow with-as well...

Author: /time Magazine | Title: The Press: The Minnow & the Whale | 2/3/1961 | See Source »

...stand of the newly protectionist unions is put simply and forcefully by Amalgamated Clothing Workers President Jacob Potofsky, an oldtime free trader himself until recently: "Do we have to stand by idly while our jobs are destroyed? Do our cutters have to continue to cut fabrics made in Japan?" Potofsky's answer: a resounding "No." The clothing workers voted to take direct action against imported goods, and next month the A.C.W. Executive Board plans to pass on an order to their members not to cut any Japanese-made fabrics received by a manufacturer after...

Author: /time Magazine | Title: Free Trade Under Fire | 2/3/1961 | See Source »

...Offer. Three weeks ago Glen Alden sent a letter to Endicott-Johnson stockholders offering to buy-at $30.50 a share-all of the company's 810,000 shares of common stock, then selling at $27.50. A week later Endicott-Johnson Director Jacob M. Kaplan, onetime Welch Grape Juice president, was revealed to have sold 60,000 shares of his stock to Glen Alden, explained that he thought the shoe concern was "a dying company." Word quickly spread through the Triple Cities that Glen Alden, if it got control, would move the plants-a rumor Glen Alden denied...

Author: /time Magazine | Title: Corporations: Invaders Repelled | 1/20/1961 | See Source »

...leaps of faith in the possibilities of the future, it is small wonder that an electric atmosphere pervaded the whole of science in 1960. "I could have lived in no other age in which so intoxicating and beautiful a series of discoveries could have been made," breathes British Mathematician Jacob Bronowski. "If I have any regrets at the thought of dying, it is that we live in so explosive a time that discoveries will continue to be made that I will know nothing about...

Author: /time Magazine | Title: Man of the Year: Men of the Year: U.S. Scientists | 1/2/1961 | See Source »

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