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...Tanguthurai Prakasam, the Prime Minister of India's sprawling, southern province of Madras, has some strange ideas. He would, for example, like to scrap Madras' big textile industry in favor of Mohandas Gandhi's cottage spinners. But not even Prakasam's bitterest opponents have ever challenged his integrity, or his reputation for truthfulness. Last week the 75-year-old premier had a big budget of shocking truth for the Presidency's Legislative Assembly. To Indians still accustomed to think only in terms of Hindu v. Moslem conflicts, Prakasam revealed that Madras had weathered a full...

Author: /time Magazine | Title: Foreign News: Shocking Truth | 2/10/1947 | See Source »

...street. He remembered when the long, heavy envelope had arrived. He'd looked at it suspiciously, noticing the return address. Dimly, in the background, he'd heard martial music playing as he extracted, in order, a small card, a large, many-itemed form, and a snide little scrap of yellow paper. It was to this last that he'd addressed wary attention; it was closely printed with a series of crisp pronunciamentos, studded with "you will," "do not fail," and "all men . . ." Its final edict was simple: Vag was to be present at a certain place at a certain time...

Author: NO WRITER ATTRIBUTED | Title: The Vagabond | 1/24/1947 | See Source »

...fate of the Dardanelles and the Dodecanese Islands would be transferred from the conference tables of the original signatories to bi-lateral agreements between the Greeks and the Russians, or the Turks and the Russians. If the presence of Japan at Montreux relegates this treaty to the scrap-heap, Europe can look to a new wave of forced agreements between unequal bargaining units that would spell death to the U.N. system and smack too strongly of the pilgrimages of European statesmen to Berchtesgaden...

Author: NO WRITER ATTRIBUTED | Title: Bargain Baseness | 1/22/1947 | See Source »

...board of directors, he will run smack up against Board Chairman Harold S. Vanderbilt and Union Pacific, which owns 160,000 shares of Central. A great-grandson of Commodore Cornelius Vanderbilt, Central's founder, Chairman Vanderbilt holds only some 65,000 shares. Young will be in for a scrap. But he is no man to dodge one. Wall Streeters watched with smiles of anticipation. It looked as if Central would soon be in the hottest fight since railroaders Jim Fisk and Jay Gould gave Commodore Vanderbilt his comeuppance back...

Author: /time Magazine | Title: Young Buys into Central | 1/20/1947 | See Source »

Seattle's Boeing Airplane Co. last week rolled out the first of ten stratofreighters for the U.S. Army. It proudly announced that it had $200 million in orders for military and commercial planes. But Boeing had been forced to scrap its plans for a two-engine transport, had lost over $1 million in the first half...

Author: /time Magazine | Title: Business: Trouble Ahead | 1/6/1947 | See Source »

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