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...sugar companies do not sell out within a year, their land will be expropriated and paid off in 20-year government bonds bearing 4.5% interest. According to Castro's estimate, made on a television show, the bond payments would range from $15 to $45 per acre, just one-fourth what the land was worth a year...

Author: /time Magazine | Title: CUBA: Confiscation! | 6/1/1959 | See Source »

Part of the slippage was due to the fact that U.S. gold, priced by law at $35 per ounce, plus a handling charge of one-fourth of i%, is slightly under the price on the British free market. The difference would encourage foreigners with dollars or other hard currency that they wanted to turn into gold to buy in the U.S. rather than in Britain. The British government itself was also buying U.S. gold again for its reserves. During the early part of this year, Britain stopped buying to accumulate $200 million borrowed from the International Monetary Fund...

Author: /time Magazine | Title: Business: Losing Gold | 5/18/1959 | See Source »

...past three months in petulant, self-imposed exile in Brazil's Lisbon embassy. Running for the ceremonial office of President last year against a candidate backed by Salazar, in a land where the press is not free and Salazar's men count the votes, Delgado polled almost one-fourth of the votes, and he rallied the biggest electoral crowds in years. After the elections, Delgado lost his job as director of civil aviation. In January, fearing he was about to be arrested, he fled to the Brazilian embassy. Though Salazar contemptuously let it be known that Delgado...

Author: /time Magazine | Title: PORTUGAL: Stealth in a Mercedes | 5/4/1959 | See Source »

Occasionally the Crimson's shotmaking was brilliant, as in the second Yale game (41 per cent). But more often it was just plain lousy, largely because no more than one-fourth of the varsity's attempts came from inside the foul circle. The team average on the year from the floor was a paltry 33.5 per cent, compared to the opponents' 38.3 per cent, a very significant difference...

Author: By Walter L. Goldfrank, | Title: THE SPORTING SCENE | 3/10/1959 | See Source »

From coastal towns and mountain hamlets, 150,000 Greek Cypriots-more than one-fourth of the entire population of the island-walked, pedaled and bounced in decrepit buses into the capital of Nicosia (pop. 80,000). They clogged the narrow streets, clotted the tortuous alleys. "Makarios, Ma-ka-ri-os," they chanted as the black-robed archbishop rode in triumph beneath arches of myrtle and laurel in a cream-colored Mark VII Jaguar. This, declared Makarios, is "the resurrection of our country...

Author: /time Magazine | Title: CYPRUS: Hero's Return | 3/9/1959 | See Source »

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