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...Cinemactor Ernest (Marty) Borgnine went on record to say that sudden success in the movies is not necessarily followed by sudden riches in real life. On Borgnine's last movie, the holders of his contract (Hecht-Lancaster) allegedly exercised their contractual right to pre-empt his services, then lent him out to do the same movie he was negotiating for. His contract-holders got "at least $75,000." Borgnine got $15,000. The movie: The Best Things in Life Are Free...

Author: /time Magazine | Title: People, Oct. 1, 1956 | 10/1/1956 | See Source »

Last week the U.S. Export-Import Bank lent Japan $60 million to be used for importing more raw cotton from the U.S. The loan was one part of a broad program designed to boost both overseas and domestic consumption while holding down production. The goal for 1956-57 is a 20%-25% increase over total cotton sales in 1955-56 by doubling exports to 4,500,000 bales while keeping domestic consumption at last year's 9,200,000-bale level or even increasing it. With flexible price supports between 75% and 90% of parity, Agriculture Secretary Ezra Taft...

Author: /time Magazine | Title: New Hope for a Permanent Cure | 9/17/1956 | See Source »

Vientiane-capital of the least of the three nations carved out of French IndoChina-lay in its habitual half-slumber beside the Mekong River. It was the Buddhist Lent in Laos. Temple gongs bonged in the viscous humidity; saffron-robed monks strutted about beneath gaudy parasols or sat cross-legged in the shade, puffing acrid French tobacco and sipping lemonade. Suddenly there was a stir. Official limousines swept out of the royal palace amid shrieking sirens and flapping royal banners (a three-headed elephant against a red background), bearing Prime Minister Prince Souvanna Phouma to the airport to meet...

Author: /time Magazine | Title: LAOS: On the Road to Chaos | 8/20/1956 | See Source »

...added a pointed comment. In a memorandum released last week, the World Bank mission tempered praise for the young nation's "new buoyancy and hope" with a warning to the Indian government against its "negative and grudging attitude'' to legitimate investors. Cautioned the bank, which has lent India more than $200 million: "At this stage of development, India certainly needs the contribution which can be made by foreign technology, private capital and management...

Author: /time Magazine | Title: Business: Reds in India | 8/20/1956 | See Source »

...soon found he could go farther by paying scant attention to the modes and strict attention to his models. He thought nothing of spending 100 hours on a portrait, advanced as much by elbow grease as by genius. Early in his career he reached a pedestrian conclusion that lent wings to his art: he decided that his paintings were "almost always good in proportion to the time I give them, provided I have a subject that is picturesque." As John Adams wrote of Copley's portraits, "You can scarcely help discoursing with them, asking questions and receiving answers." Paul...

Author: /time Magazine | Title: Art: JOHN COPLEY: Painter by Necessity | 8/13/1956 | See Source »

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