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Ever since Monaco's Prince Charles III ruled in 1869 that the principality's wheels of chance were producing enough cash to run his government and to keep his people in artichokes, Monégasques have been free of the responsibility of taxes. But with the revival of big-time gambling in neighboring France after World War II, Monaco's Casino profits suffered. Prince Rainier III solved the problem by encouraging individual corporations to set up headquarters in the Monégasque tax haven. They responded with alacrity; since 1959, Monaco's business volume has doubled...

Author: /time Magazine | Title: Monaco: Of Taxes & Telephones | 4/20/1962 | See Source »

...tolerance. Under the terms of a 1951 good neighbor agreement with France, Monaco uses French electricity, French money, the French railway, and the French telephone system, sends its goods into France duty free. To quiet the screams of French businessmen who claimed that vast new imports of duty free Monégasque products were cutting into their domestic markets, France suggested that Rainier modify Monaco's tax privileges. Rainier refused, huffing "Neither I nor the Monégasque people can or will accept these demands. They mean the end of our liberties...

Author: /time Magazine | Title: Monaco: Of Taxes & Telephones | 4/20/1962 | See Source »

Last Year at Marienbad. A cinenigma worked out by two Frenchmen, Scenarist Alain Robbe-Grillet and Director Alain Resnais (Hiroshima, Mon Amour), that has become the intellectual sensation of the year in films...

Author: /time Magazine | Title: Cinema: Apr. 20, 1962 | 4/20/1962 | See Source »

Last Year at Marienbad. A cinenigma worked out by two Frenchmen, Scenarist Alain Robbe-Grillet and Director Alain Resnais (Hiroshima, Mon Amour), that has become the intellectual sensation of the year in films...

Author: /time Magazine | Title: Cinema: Apr. 13, 1962 | 4/13/1962 | See Source »

...Virginia Maskell) staggers up, eyes like bruises, hair like last year's alfalfa. Puts the baby on the pot, the water on the stove. Dad sinks blissfully into stolen snooze. "Wake up!" squeals his darling daughter, knocking on his head with her knuckles-hard. "Ah, c'mon!" Mum squalls at the baby. "Yer not tryin'." Dad weaves toward the bathroom, battles an ancient geyser for five minutes, achieves a pathetic dribble of tepid water, starts to shave. "Breakfast!" Dad slumps groggily over his coffee. "Now don't be late, dear." Dad rises wearily, kisses his daughter...

Author: /time Magazine | Title: Cinema: Barmy in the Back Stacks | 4/6/1962 | See Source »

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