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Although the U.S. has poured some $2 billion into the Philippines since 1945, the new republic is on the verge of bankruptcy. In Washington last February, the Philippines' President Elpidio Quirino had talked over his troubles with President Truman, asked for a U.S. Economic Mission. Truman sent to Manila able Daniel W. Bell, former Under Secretary of the U.S. Treasury and now president of the American Security & Trust...

Author: /time Magazine | Title: THE PHILIPPINES: Bristling Bankrupt | 11/6/1950 | See Source »

Sweeping Charges. A month ago Bell made his report to the President. Rumors that it contained sweeping charges of corruption and mismanagement against the Quirino administration soon leaked to Manila. Last week the press office of the Malacanan Palace, President Quirino's White House, issued a mimeographed statement. It suggested that the Bell report be made public, "to end unbridled speculation." The statement then went on to an angry attack upon the U.S. It said...

Author: /time Magazine | Title: THE PHILIPPINES: Bristling Bankrupt | 11/6/1950 | See Source »

Reporters traced the statement to Federico Mangahas, President Quirino's private secretary and ghostwriter. Next day Quirino disavowed authorship, but Manila believed that in a hopping-mad moment he had read and approved the statement...

Author: /time Magazine | Title: THE PHILIPPINES: Bristling Bankrupt | 11/6/1950 | See Source »

Soon after V-J day, proud U.S. cavalrymen raised a yellow and black billboard on the western outskirts of Tokyo. It read: "You are now entering Tokyo by courtesy of the 1st Cavalry Division-First in Manila; First in Tokyo-The First Team." As last week began, the dismounted troopers of the 1st Cavalry had every intention of adding "First in Pyongyang" to their battle honors...

Author: /time Magazine | Title: BATTLE OF KOREA: No Stop | 10/23/1950 | See Source »

From Korea Hebert returned to Japan, where he wrote a piece on the atomic bomb damage at Nagasaki. This week he was in Manila, awaiting permission to enter Indo-China. Le Devoir intended to go right on front-paging his reports...

Author: /time Magazine | Title: CANADA: Parallel Lines | 9/18/1950 | See Source »

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