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...encountered Bank of France Governor Wilfrid Baumgartner, conscientious keeper of the country's precious bullion reserves. Said smooth, silver-haired Baumgartner: "I want collateral-taxes. And quickly." Mollet's answer: a soak-the-rich tax program that hit corporation earnings, dividends and inventories, added four francs per liter...

Author: /time Magazine | Title: FRANCE: The Big Knife | 6/3/1957 | See Source »

...Vaca, 17th Marquis de Portago, thirsted for thrills. He found them in speed and sport. He was tempted by any activity tinged with danger, finally decided that the second-to-second uncertainty of auto racing brought him nearest to his heart's desire. When he wheeled his 3.8 liter fire-red Ferrari into the start of Italy's Mille Miglia last week, "Fons" de Portago was a happy man. Perhaps (although none can say) he died...

Author: /time Magazine | Title: Sport: Thirst for Thrills | 5/20/1957 | See Source »

Behind them, hard-driven cars were dropping out. The largest car in the race, Chevrolet's highly touted 4.6-liter "Super Sport" Corvette, lasted only 23 laps. Brakes locked, a fuel line broke, the ignition system went haywire-finally Drivers John Fitch and Piero Taruffi quit in despair. Before dark, 32 of the 65 starters were in the pits for good...

Author: /time Magazine | Title: Sport: Fireworks for Fangio | 4/1/1957 | See Source »

Only an Accident. For a long while, a 3.8-liter D-Jaguar clung close to the leading Maserati. Then its new-type disk brakes began to give trouble, and it began to drop back. Maserati's most consistent racing competitor, a 3.4-liter Ferrari, had also slowed down to nurse its brakes. The race was only nine hours old, but already only an accident could lose for Fangio. His excitable pit crew managed to get one of his teammates' cars disqualified by refueling it too often; later they doused his cockpit in gasoline. But he and Behra kept...

Author: /time Magazine | Title: Sport: Fireworks for Fangio | 4/1/1957 | See Source »

...lean and swarthy Alfonso de Portago has been a champion jai-alai player, a fine swimmer, a superb polo player, a leading gentleman jockey, an Olympic bobsled star, and is one of the best sports-car racers in the world. When he rolls his sleek, shovel-nosed 3.5-liter Ferrari up to the starting line for the Florida International twelve-hour Grand Prix of Endurance at Sebring this week, he will be one of three or four favorites in a field of many champions...

Author: /time Magazine | Title: Sport: All in the Family | 3/25/1957 | See Source »

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