Word: pinnings
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...reports TIME Economic Correspondent George Taber, seems a strangely radical idea to come from Wallich, a Republican professor of economics whose pin-striped blue suits and slow, heavily technical speech make him seem the embodiment of fiscal traditionalism. But as a child in Berlin he lived through the insane German inflation of 1923-24. Once his mother gave him 105 billion marks to buy a ticket to a swimming pool that had cost 15 pfennig to enter not long before. But she miscalculated; by the time Wallich got to the pool, the price had risen to 150 billion marks...
...elect Roman Catholicism's 263rd Pope in hermetic secrecy during the conclave that begins this Friday evening. Paul stripped the right to vote from Cardinals age 80 and over, a ruling affecting 15 of the 129 red hats. With the death in Rome last week of Paul Yu Pin, 77, the exiled Chinese Cardinal, 114 men are eligible. But America's John Wright, India's Valerian Gracias and Poland's Boleslaw Filipiak are too ill to participate. (Like Yu Pin, they were likely to join the conservative bloc.) If Viet Nam refuses to grant an exit...
...There's a void in the motion picture world for ... whatever this is," smiles the movie's Executive Producer Martin Starger, U.S. representative of British Producer Sir Lew Grade. Just what it will be is hard to pin down: maybe something like Punch and Judy done according to Mad Magazine...
DIED. Paul Yu Pin, 77, China's only Roman Catholic Cardinal; of a heart attack; in Rome, where he had gone to participate in the Vatican conclave that will elect a successor to Pope Paul VI. After the Chinese Catholic Church was shattered in 1949 by the Communists, the towering Yu Pin (6 ft. 3 in.) was ordered by Pope Pius XII to abandon his diocese of Nanking for the U.S., and was condemned to death in absentia by the Communists...
...treason for making speeches over Rome radio in support of Mussolini's regime. For the first three weeks of his imprisonment, Pound, then 59, was kept in a small outdoor cage with a cement floor, free only to watch the Pisan clouds by day and "O moon my pin-up" at night. Improbably, some of his greatest poetry flowered there and in the tent where he languished during the next five months...