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...clerk in one of Britain's largest investment trusts last week shook open a soiled manila envelope, and out fell a wad of crumpled ?5 notes, accompanied by a crudely scrawled order to buy stocks. "The man probably had the money in his mattress for 25 years,'' said a fund executive, "but we're getting used to this sort of thing." This "sort of thing" was such a rush to buy shares in British corporations that the Financial Times's share index soared to 259.7, up from 188.1 last fall. Many a broker grumbled that...

Author: /time Magazine | Title: BUSINESS ABROAD: The New Capitalists | 9/14/1959 | See Source »

Much of the bloodshed in the province can really be traced to the political quarrels of two old rivals for the Ilocos congressional seat in Manila. One is the Liberal Party's Floro Crisologo, who served three terms, then lost to his enemy, Nacionalista Congressman Faustino Tobia. "Sure, I give my boys guns," admits Tobia (whose uncle is wanted for murder). "They need them to protect themselves, don't they?" Crisologo is equally frank: "I don't deny it. We kill Tobia's men. But we kill only one to every four or five...

Author: /time Magazine | Title: THE PHILIPPINES: Mecca for Murder | 9/7/1959 | See Source »

...this year, Ilocos Sur's murder roster totals 61, but the season is barely under way: in Ilocos Sur, as in the rest of the Philippines, elections will be held in November to choose new mayors, a new provincial governor and eight new Senators to send to Manila, and this always makes for unrest. As frightened priests (who celebrate separate Masses in Ilocos, one for each faction) called for peace and quiet, the Philippine government dispatched a battalion of 1,100 troops to the troubled province, and three more judges were rushed up to Vigan to help handle...

Author: /time Magazine | Title: THE PHILIPPINES: Mecca for Murder | 9/7/1959 | See Source »

...endured a hell that many failed to survive. Mydans' account of those years is remarkably free of rancor: he has compassion for his abused campmates, admiration for their capacity to endure.. And when, after an exchange of prisoners, he returned with the U.S. troops who dashed into Manila to rescue his P.W. friends, he realized afresh how moving was man's capacity for hope and how strong was man's capacity for life. Man's will to live was a familiar story to Mydans: in 1940 a shrieking, clawing Chinese woman in Chungking had begged...

Author: /time Magazine | Title: Books: The Heart Behind the Eye | 9/7/1959 | See Source »

...Manila announced that Tibet's Dalai Lama, in Indian haven after escaping the Red Chinese invaders of his land, had won this year's Ramon Magsaysay Award for community leadership, a salute for the god-king's role in Tibet's "gallant struggle...

Author: /time Magazine | Title: People, Aug. 24, 1959 | 8/24/1959 | See Source »

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