Word: postwar
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Dates: during 1950-1959
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GERMAN BANK TRUSTS, splintered into 30 postwar regional units by Allied decartelizers, are rapidly consolidating, with two biggest pre-1947 trusts leading way. Successors to Deutsche Bank Group (assets: $1.8 billion) have voted to unite, and successors to Dresdner Bank-Group (assets: $1.2 billion) will vote to combine this month...
Russian composers patriotically hymned Soviet heroes during World War II, and the good will they thus banked at the Kremlin gave them a brief period of postwar freedom. But by 1948, an iron hand had closed tightly around Soviet composers. The hand was that of Andrei Zhdanov, cat-cruel Politburo careerist whose ear for music had been destroyed long before by the din of dialectical crossfire. Zhdanov in effect put all Russian composers on trial, including the three modern giants-Sergei Prokofiev, Dmitry Shostakovich and Aram Khachaturian. The charges: "formalism" (i.e., art for art's sake, individuality, experimentation...
...Graduated from West Point at 18 (in the accelerated class of '20), White spent much of his early career as a military attache (Russia, Italy, Greece, Brazil), studied Chinese, Portuguese, Russian, Spanish, Italian. Though he commanded the Marianas-based Seventh Air Force in World War II and the postwar Fifth in Japan, he has made his Air Force mark as a staff officer, has held the Air Force's key staff job: deputy chief for operations...
...studying Latin, went on to Notre Dame to study art and design. After stints as chief stylist for G.M.'s Pontiac division, and chief styling engineer for Studebaker (at the age of 29), he joined Chrysler at a time when President K. T. Keller, who once snorted at postwar advances as "the Jell-O school of design," was holding fast to Chrysler's ultraconservative styling. Under new President Lester Lum Colbert, Exner set about modernizing Chrysler's line, put the company back on the road with designs for 1957 models that are the most radical...
Married. Edward H. Litchfield, 42, chancellor of the University of Pittsburgh, educator, businessman (TIME, Jan. 7), who was called to Germany by General Lucius D. Clay to direct the postwar program to re-establish German political unity; and Mary Carolyn Morrill, 31, sometime Government employee; he for the second time, she for the first; in Hiawatha, Kans...