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...whole of our existing reserves ... of seeking to conduct a great international banking business, of sustaining our position as one of the world's major overseas investors. Over twelve years we have slithered from one crisis to another. It has meant a pound sterling which has sunk from 20 shillings to twelve. It is a picture of a nation in full retreat from its responsibilities. That is not the path to greatness. It is the road to ruin...

Author: /time Magazine | Title: GREAT BRITAIN: The Simple Truth | 2/3/1958 | See Source »

...candles in case the electricity was cut off. Through it all, we maintained the forms of parliamentary procedure. At 4 in the morning, during a debate on the land law, a sailor climbed up on the platform, went to the podium and stood there for a time as though sunk in thought. Then, abruptly, he pulled Chairman Chernov's sleeve and announced that, according to instructions he had received, everybody was to leave the hall. An argument began between Chernov and the "Citizen Sailor," Chernov insisting: "We'll disperse only if force is used," and the sailor stubbornly...

Author: /time Magazine | Title: Foreign News: THE DAY DEMOCRACY DIED IN RUSSIA | 1/20/1958 | See Source »

...astronautics expert, calls "wandering in the tomorrows"-to put it on top of the new atomic-space age. This year the company will invest $15 million in research into everything from desalting of sea water to astronautics. Though it can hope for no profit for years, it has sunk $15 million into its General Atomic Division for basic research rather than have it manufacture reactors that may soon be obsolete, thus hopes to develop better models and get a bigger market in the 1960s...

Author: /time Magazine | Title: CORPORATIONS: Builder of the Atlas | 1/20/1958 | See Source »

There are no leg irons sunk in the walls, but otherwise it is the sort of place the Count of Monte Cristo might have tunneled from. And the whole scruffy establishment is doomed: next summer it will be razed to make room for a new, antiseptic office building. The liabilities of the Downstairs Room, a dark, crowded cellar on Manhattan's Sixth Avenue, are impressive even at a time when small informal nightspots are cashing in (TIME. May 27). What brings full basements (legal limit: 80 customers) to the Downstairs these nights is a small, eccentric troupe of humorists...

Author: /time Magazine | Title: Music: If it Gets Off at Westport | 1/6/1958 | See Source »

...Ardmore Air Force Base in southern Oklahoma, an increasing number no longer walked with brisk military step or the traditional wild-blue-yonder look. First by ones and twos, then at the rate of ten a day, they shuffled with short, gingerly steps to the base hospital. Heads sunk to their chests, their breathing fast and shallow, they complained that it hurt if they breathed deeply. Any jarring motion, even from a few brisk steps, was painful. Some kept their arms folded to serve as a sort of splint for the chest...

Author: /time Magazine | Title: Medicine: Ardmore Disease | 1/6/1958 | See Source »

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