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...increased taxes, instead cut its operating budget by 10% within two weeks. If it did not, Esso would cancel its $2,000,000 modernization program at the Bayonne plant, and very likely move out altogether-just as Tidewater Oil Co. did two years ago. The Esso plant pays one-fourth of the tax bill of Bayonne (pop. 81,500), has a $1,000,000 monthly payroll for its 1,800 workers. Said Mississippi-born Edwards: "If we pull out and shift the tax load to other industries, a number of these other industries will also pull out. The city would...

Author: /time Magazine | Title: Business: Death on Taxes | 1/28/1957 | See Source »

...teachers in every school across the U.S., such talks of hidden or squelched talent are common. In 1951 the National Manpower Council reported that of the top one-fourth of all U.S. 18-year-olds, 60% never went to college and 20% did not even finish high school. What can be done to encourage the gifted student? Ten years ago, says Robert Havighurst, professor of education at the University of Chicago, scarcely anyone was asking that question. "Today, educating the gifted has almost become...

Author: /time Magazine | Title: Education: The Perishable Resource | 1/14/1957 | See Source »

Three big projects in one week were quite a feat even for Pittsburgh, where, in the past decade, 50 major downtown buildings have sprung up (cost: $130 million) and 4,000 off-street parking spaces have been created. In the Golden Tri angle business district, where no new office building had been put up between 1930 and 1945, one-fourth of the area has been rebuilt in ten years, raising assessed property value by 25%. Now Pittsburgh is opening the second round of its rebirth. All told, $150 million worth of new buildings are under construction or due to start...

Author: /time Magazine | Title: BUILDING: Comeback City | 12/24/1956 | See Source »

...time Moshe Dayan's six days were over, he and his men had chewed up about one-fourth of Nasser's army: two infantry divisions, one armored brigade and many smaller units, including several independent tank companies. At an acknowledged cost of less than 800 casualties, including 150 dead, the Israelis claimed to have killed 3,000 Egyptians, captured 7,000 more and destroyed twelve Egyptian jets. What impressed them most of all, however, was the booty they collected: more than 100 tanks (many of them heavy Soviet T-34s). nearly 200 artillery pieces, small arms...

Author: /time Magazine | Title: Foreign News: A Bloody Good Exercise | 11/19/1956 | See Source »

Though the country is only one-fourth arable, increasing farm efficiency and mechanization have made it self-sufficient in dairy products, sugar, potatoes and most meats; nearly self-sufficient in rye, barley, oats, fruits and vegetables. The capital has been rebuilt with new buildings constructed along baroque lines to retain the city's distinctive flavor. An enormous six-story, block-square office building is rising in Vienna, and more than 300,000 new apartments have been put up, more than replacing the 200,000 destroyed in the fierce World War II fighting. Building has boomed so fast, in fact...

Author: /time Magazine | Title: BUSINESS ABROAD: Austria Comes Back | 10/29/1956 | See Source »

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