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...political organization, today controls 373 seats in the Lok Sabha. In the years of the British raj, Congress kindled the fires of independence, gathered under its banners peasants, landowners, untouchables, maharajahs, Communists, capitalists, liberals and reactionaries. Only the massive national appeal of Mahatma Gandhi and the united determination to oust Britain from India kept the catchall party together. But the Congress became so ingrained in the Indian consciousness that the party did not fall apart after independence came in 1947. The various elements that made it up stuck together to reap the rewards of political power...

Author: /time Magazine | Title: India: The Tea-Fed Tiger | 2/2/1962 | See Source »

...successor was his appointment of Finance Minister Dominador Aytona to the governorship of the Central Bank of the Philippines. On the first day of the new administration, Macapagal's own appointee, Andres Castillo, arrived at the bank with an armored car and a force of constabulary rangers to oust Aytona. Ex-President Garcia shouted, "Police state," and his Nacionalista politicos denounced Macapagal as a "power-mad and power-hungry dictator...

Author: /time Magazine | Title: The Philippines: New Man in the Palace | 2/2/1962 | See Source »

Last week the Philippine Supreme Court ruled 9 to 1 that Macapagal could oust Garcia's man from the bank governorship and install his own. Simultaneously, members of Sison's mission returned to Manila with good news: in their search for U.S. dollars they had not met a single refusal. In hand: $166 million in private bank loans; $121 million from the International Monetary Fund and various U.S. agencies. In all, Macapagal can begin his reform administration with a sizable backlog of about $400 million. He plans to ease import-export controls, continue some tariffs...

Author: /time Magazine | Title: The Philippines: New Man in the Palace | 2/2/1962 | See Source »

...after day, Tshombe weaved, dodged and ducked to escape implementation of the agreement he had signed with Adoula vowing an end to Katanga's secession. Katanga's provincial assembly ratified seven of the agreement's eight points, but still haggled over the crucial one, which would oust the white mercenaries in the army. At his Elisabethville headquarters, Tshombe was simply stalling for time while his Katanga army units were getting stronger by the day. He had worked hard to build a second bastion, the "rearguard capital" of Kipushi, a mining town 25 miles away on the Northern...

Author: /time Magazine | Title: Congo: Fading Boss | 1/19/1962 | See Source »

...Couple of Things." Anxious to get the house in order, a group of younger Amex members tried to oust the McCormick administration. Their revolt was beaten back, but it spurred the exchange to appoint an investigating committee of Wall Street leaders to do what it could to clean things up before the SEC moved in with public disclosure. Turning its attention to McCormick, the investigating committee soon picked up what its tightlipped members described only as "a couple of things...

Author: /time Magazine | Title: Wall Street: Little Mac's Exit | 12/22/1961 | See Source »

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