Word: postwar
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Dates: during 1950-1959
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Undiluted socialism seemed a cure-all to many Canadian voters in the depressed '305. and the CCF quickly became the strongest third-party movement ever launched in Canada. But in the prosperous postwar years, socialism's appeal faded, and the CCF vote fell off sharply. Six months ago a committee of CCF theorists was appointed to chart a new course. The committee's report, called a "Declaration of Principles," recommended a sharp right turn toward a mixed economy, which would "provide increased opportunities for private as well as public-owned industry...
...BERNARD DOCKER failed to persuade biggest rally of stockholders in postwar British history to veto his dismissal as $66,000 chairman of Britain's $70 million Birmingham Small Arms Co. (Daimler cars, rifles, motorcycles, etc.). By a vote of 2,687,749 to 683,212, stockholders supported B.S.A. directors, who had fired Sir Bernard (TIME, June 11) for mismanagement and extravagance, e.g., gold-plated Daimlers, $31,000-a-year expense account...
Hisses and boos mingled with cheers as Richard Wagner's grandsons rang up the curtain last week on the sixth postwar season at Bayreuth. Reason for the excitement: Wieland and Wolfgang Wagner had finally got around to applying to Die Meistersinger the same stripped-down, dramatically lighted staging in which they have redraped all but one (Rienzi) of their Grandfather Richard's works...
...early postwar years, Niarchos saw the bright future of international trade and plunged into shipping with every drachma he could scrape together while most shipowners were battening hatches to ride out an expected slump. In ten years. Niarchos has not only built his fleet-and a fortune estimated as high as $350 million-but has helped revolutionize the design, financing and operation of tankers, launching a new race of giant ships that is fast changing the economics of merchant marines the world over...
...leader of a new band of Argonauts who have given the shipping world a new term: "the Greeks," meaning the independent shipowners of whatever nationality who have sailed on the crest of the postwar shipping boom. Customarily included among "the Greeks" is Midwestern-born Daniel K. Ludwig, 58, whose fleet (estimated at 1.5 million tons) is second only to Niarchos'. Behind Ludwig presses Niarchos' brother-in-law, Aristotle Socrates Onassis. 49, a flamboyant Smyrnan who, with Niarchos. bought the Monte Carlo Casino in 1954, owns some 1.3 million tons of shipping, the world's third biggest independent...