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Like every other commodity in Europe, money is bought & sold on the black market. Through a series of "black" transactions, a man with flexible scruples can pile up a handsome profit. Required for the trick are 1) the false bottoms of inflation and 2) a well-organized international set of stooges. Last week, TIME's London bureau found a traveler who had just returned from a cheap weekend tour of the continent...

Author: /time Magazine | Title: EUROPE: Black Magic | 6/3/1946 | See Source »

...Antonio bandaged his eyes with torn bits of his mother's undershirt and started caressing a picture of his cousin, a war prisoner long unheard from. Nothing happened. Antonio burst out crying, then he remembered something said in the market about metal discs. He ran to a junk pile and picked up an old rivet. With this pressed firmly on his neck he stroked the picture once more. Suddenly, as if on a movie screen, the lost cousin appeared, dressed in a faded uniform and strolling down a grassy slope. "Where are you?" shouted Antonio. The cousin stopped, turned...

Author: /time Magazine | Title: ITALY: The Rivet on Tony's Neck | 6/3/1946 | See Source »

Radiant Death. One of them, radioactive poisons, was mentioned briefly and guardedly in the Smyth Report. Wrote Professor Smyth: ". . . The fission products produced in one day's run of a 100,000 kw. chain-reacting pile might be sufficient to make a large area uninhabitable." The three plutonium piles at Richland, Wash. are enormously more powerful. If Professor Smyth's estimate was right, each pile has been producing, every day for more than a year, enough radioactive poisons to depopulate many "large areas...

Author: /time Magazine | Title: Science: Better than the Bomb | 6/3/1946 | See Source »

...during the war, Technical Sergeant Levine did clerical work in one of the loneliest spots in the world, an Army base on Ascension Island in mid-Atlantic. On the side he painted a Crucifixion for the Catholic chapel. Says he: "The boys needed something to look at on that pile of slag...

Author: /time Magazine | Title: Angry Artist | 5/20/1946 | See Source »

Said a detective, eyeing a "gold" pile worth 30 millions: "Zut! Next to him, Uncle Philibert was a piker...

Author: /time Magazine | Title: Foreign News: Piker's Nephew | 5/20/1946 | See Source »

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