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Bankruptcy Preferred? While Vickers could force Capital out of business by foreclosing, Capital would prefer to file bankruptcy proceedings before this happened. This could block Vickers' recovery of its planes, give Capital more time to solve its problems. Last week, after a seven-hour meeting with Capital directors to discuss "our serious crisis." President David H. Baker announced that there would be "no interruption in the line's service...

Author: /time Magazine | Title: AVIATION: Crisis at Capital | 4/25/1960 | See Source »

...shaky ground. When Matos arrived for the trial at a movie theater at Havana's Camp Liberty, a crowd of rebel soldiers sent up an impromptu cheer-and were seized and hauled off to have their beards shaved for their impertinence. On the witness stand for a seven-hour harangue,* Castro produced not one fact to support the charge of treason. "I do not deny the merits of Huber Matos," said Castro, explaining that his crime was trying to "confound" the revolution by resigning. When Matos tried to interrupt, Prime Minister Castro snarled: "You'll get your turn...

Author: /time Magazine | Title: CUBA: Hero's Trial | 12/28/1959 | See Source »

...bitter December afternoon in 1949, as the Communists swarmed down through southwest China, Generalissimo Chiang Kaishek, wearing a long Chinese gown, a grey felt hat and carrying a cane, gravely took leave of the officers who were remaining behind, and took off in his C-54 for a seven-hour flight to his last place of refuge, Formosa. He found little but desolation. U.S. air raids had shattered the efficient Japanese-built factories, and food production was sagging. Morale was at its lowest ebb, for few Formosans had faith in the Nationalist government that had ruled for four years since...

Author: /time Magazine | Title: FORMOSA: Ten Years Later | 11/30/1959 | See Source »

Grand Illusion. But De Gaulle apparently had more in mind than protocol splendor and ancient memories. On the seven-hour train trip from Milan to Rome, he took up with an unenthusiastic Gronchi his notions of "Latin brotherhood." He hinted grandly of the benefits of a Mediterranean pact with Italy, and possibly Spain, Tunisia and Morocco. He dangled before his host's eyes France's own imminent entry into the "nuclear club," and seemed to share Le Monde's strange illusion that "Italian leaders desire France to be the natural spokesman for Italy...

Author: /time Magazine | Title: Foreign News: The Latin Brothers | 7/6/1959 | See Source »

...jail-a Communist leader long out of favor with Stalin. But this time, as 3,000 delegates from all corners of the country gathered in Warsaw's ugly Palace of Culture and Science, Gomulka was plainly running the show and the country. His rasping, 200-page, seven-hour keynote speech was a catalogue of past achievement and future confidence, and if any in the audience still doubted the wizened little man's survival power, their doubts vanished before the week...

Author: /time Magazine | Title: POLAND: Gomulka's Victory | 3/30/1959 | See Source »

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