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...just under $7,000,000, added the prosperous Sunday supplement Parade to a communications domain that spans four TV stations, interests in the magazines Scientific American and Interior Design, two radio stations, the Great Northern Paper Co. The Trib purchase was no surprise. A year ago, Jock Whitney lent the Reids $1,200,000 with an option to convert the loan to stock. By the conversion, and the purchase of an unspecified number of additional shares, Whitney got control of the Trib and its money-making European edition. The Reids retain a "substantial interest...

Author: /time Magazine | Title: The Press: Jock Gets the Trib | 9/8/1958 | See Source »

...glass goblets, vases and bowls on display, made for Renaissance princes and Islamic sultans, are now owned by private U.S. collectors and museums, who lent them to the Corning Museum. None dates before 1450, and by that time the industry was well established, centered in Venice's island of Murano, where glass blowers work to this day. The glassmakers imported alkali from Spain and the Near East, pebbles of quartz from the River Ticino near Milan, and manganese, the "glassmakers' soap," which turned their glass to near crystal transparency. They were accurately imitating jewels in glass and turning...

Author: /time Magazine | Title: Art: VENICE'S GREAT AGE OF GLASS | 9/1/1958 | See Source »

...when International News Service signed her to cover a Zionist conference in London. For the next eight years, she matched wits with the sharpest scoop hounds in Europe-Gunther, Floyd Gibbons, Walter Duranty. She covered a Polish coup d'etat in evening dress, with the help of $500 lent her by Sigmund Freud. With verve and clarity, she analyzed the mood of Depression-hit Germany. But her best-known bit of punditry was also her worst: in 1932 she produced a book on Adolf Hitler, decided he would never reach power. "Oh, Adolf! Adolf!" she wrote. "You will...

Author: /time Magazine | Title: The Press: Off the Record | 9/1/1958 | See Source »

...High? In spelling out its indictment, the FTC lent considerable support to the man in the street's opinion that lately the price of the highly touted newer antibiotics is too high. Many of the drugs, said FTC, are in fact duplicates that individual companies insist on renaming for real or fancied trademark advantage, to the point that doctors no longer can remember what the particular properties are. The FTC conceded that the antibiotics industry has let consumers in on progress. From 1951 to 1956 output doubled, but average prices were cut so much that the industry...

Author: /time Magazine | Title: GOVERNMENT: Dissent on Wonder Drugs | 8/11/1958 | See Source »

...than the officers of the 23-year-old Manufacturers' Bank of Edgewater, N.J. The New Jersey State Banking Commission prepared to liquidate its assets, having ordered it closed when it discovered that the bank, with $2,100,000 in deposits but only $130,000 in capital, had apparently lent Belle $150,000 without adequate security...

Author: /time Magazine | Title: HIGH FINANCE: The Boy Wonder | 8/4/1958 | See Source »

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