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...Battle of Quemoy 1958 began early last August, when Chinese Nationalist reconnaissance pilots flying RF-84 jets over the Formosa Strait spotted Communist MIGs on two previously unoccupied airfields at Cheng-hai and Lien-cheng facing Formosa and the offshore islands of Quemoy and Matsu. The evaluation: Red China, locked up inside its borders since the Formosa Strait crisis of 1954-55, was once more on the move in Asia. The confirmation: Red China's air force opened up a careful reconnaissance of Quemoy...

Author: /time Magazine | Title: National Affairs: A Classic Cold War Campaign | 12/29/1958 | See Source »

...unhinged at the end of three different rounds. But still he came on, and Sugar Ray left the ring a broke and beaten man. Although the referee disagreed, a pair of judges transferred his crown to the bloody skull of Carmen Basilio; federal agents slapped a $514,310 tax lien on Sugar Ray's purse...

Author: /time Magazine | Title: Sport: Scoreboard, Oct. 7, 1957 | 10/7/1957 | See Source »

Brewster was also identified as having okayed a $17,000 union loan to help get another Seattle gambler out from under a federal tax lien. Dave Beck himself, it was said, ordered a $30,000 loan to finance a saloon operated by a University of Washington classmate of Dave Beck Jr. in a building owned by Teamsters' President Beck...

Author: /time Magazine | Title: INVESTIGATIONS: The Terrifying Teamsters | 3/11/1957 | See Source »

...Tiger. In Taipei, Formosa, after Bus Driver Lien Maying bit a hole in a passenger's hand when he tried to board her bus with an armload of vegetables, the judge ordered her to pay $6 damages, observed: "It was not ladylike...

Author: /time Magazine | Title: Miscellany, Feb. 11, 1957 | 2/11/1957 | See Source »

...from accepted doctrine. Bankers sat on their funds, lent only on the highest-grade collateral. Meredith began developing the idea that, instead of looking mainly to collateral, the loanmakers should consider a man's job and his ability to repay. A mortgage, he argued, is not just a lien on property, but "instead is a means of raising the standard of living...

Author: /time Magazine | Title: INSURANCE: Unorthodox Yankee | 11/26/1956 | See Source »

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