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...closed-door policy was especially galling to U.S. manufacturers, who were asked recently by the Administration to support a program of stepped-up imports from Japan, lest the island be forced to trade with Red China (TIME, Nov. 29). Many a U.S. merchant in Tokyo thought that Japan wanted to discourage private U.S. capital to get more U.S. Government handouts. Said a U.S. official in Japan last week: "Give and take has come to mean something much different to the Japanese. To them it means 'you give and we will take...

Author: /time Magazine | Title: BUSINESS ABROAD: BUSINESS ABROAD | 12/20/1954 | See Source »

Among India's many minorities are its 20,000 Chinese, a mere handful among India's 360 millions. Some of them have been distressed by Nehru's friendly gestures towards Communist China. Four weeks ago Li Wei-ping, a prominent merchant and former president of the Calcutta Chinese Chamber of Commerce, made a speech roundly denouncing Red China's Mao Tse-tung. Dr. C. S. Liu, who edits the Chinese-language daily, Chinese Journal of India, reported the speech in his paper. Last week the Indian government jailed Merchant Li without bail under a law called...

Author: /time Magazine | Title: INDIA: Nehrunian Freedom | 11/29/1954 | See Source »

...Bobby was a football player at heart. As a freshman he was still playing tailback in Coach Dana X. Bible's conservative single wing. He was just getting the hang of college football when the draft started to worry him. He and Doak joined the merchant marine, but the war was over before they ever got to sea. Bobby went back to Austin while Doak went to S.M.U. On the first Saturday after they got back, they were opponents on the football field. Walker ran 50 yds. for one touchdown; Layne pitched passes for two. (Final score: Texas...

Author: /time Magazine | Title: Sport: A Pride of Lions | 11/29/1954 | See Source »

...grain merchant's son, born in Picardy, Matisse began a stumbling art apprenticeship at 20. He studied for a while under Adolphe Bouguereau (a sort of defrosted Ingres) and then under the minor painter and great teacher Gustave Moreau. He practiced and trained and worked, for as he was to tell his own students years later, "One must learn to walk firmly on the ground before one tries the tightrope." To support himself, he tried copying masterpieces in the Louvre-and learned to his dismay that the wives and daughters of the museum guards were better copyists than...

Author: /time Magazine | Title: Art: Rainbow's End | 11/15/1954 | See Source »

When Philadelphia Merchant John Wanamaker branched out to New York in 1896, he soon made his new store as famed an institution as his Philadelphia emporium. A born pressagent, he attracted customers to his store at Broadway and Ninth Street with such gimmicks as concerts and the then-new arc lights. Canny old John Wanamaker also brought along his newfangled merchandising ideas, e.g., the one-price system, the customer-is-always-right policy, honest advertising...

Author: /time Magazine | Title: RETAILING: Closing the Doors | 11/8/1954 | See Source »

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