Word: stores
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Dates: during 1950-1959
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Britain's Suez Canal base is less a fortress than a giant imperial department store, crammed to its barbed-wire extremities with jets, fieldpieces, trucks, tanks, uniforms and the 10,000 other requirements of a modern army. The world's largest military depot, it can take 250,000 naked soldiers in at one end, march them out the other equipped to the last brass button (which is just about what it did in World War II with 28 infantry divisions...
Last week, as the Egyptian owners gave renewed signs of canceling her Suez lease, Britain sprang a surprise: a 20-year rental agreement for a new war store just across Egypt's western border. London agreed to pay Libya, the Middle East's newest and poorest kingdom (created by the U.N. out of Mussolini's African empire), a dole of $2,800,000 annually for at least five years for economic development, plus another $7,700,000 annually to balance her budget, in return for the right to base British troops and planes in Libya...
...looks for all the world like a candy castle in some fairy tale. A tiny railway scrambles to the top, and tourists flock to the terrace for a breath of mountain air and a view of the Salzburg valley below. Last week the tourists had an extra surprise in store for them. Oskar Kokoschka, one of the most furious individualists in modern art (TIME, July 12, 1948), had taken over the barracks of the old fortress for a summer art school, and was making it echo like a nest of angry young eagles...
...Fairbridge Society has turned its Rembrandt over to a new owner. George Farkas, 51, a wealthy owner of a New York department-store chain (Alexander's) and a collector with a special interest in 17th century Dutch paintings, had snapped it up for $42,000. London's dealers thought the price too high: though Rembrandt's genius was at its peak in his late period, the picture is not one of his best efforts. But Farkas was not disturbed by the critics. Said he: "I'll keep it a couple of years, then give...
...Bullock's Downtown, second largest department store in Los Angeles, took six full-page 3-D ads in the Times...