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...astounding fact is that the U.S. Government is now operating some 100 separate types of business enterprises in which it has sunk at least $40 billion. Among other things, the Government has become the nation's largest insurer, electric-power producer, lender, landlord, grain owner, warehouse operator and shipowner. It monopolizes the world's biggest potential new industry: atomic energy...

Author: /time Magazine | Title: GOVERNMENT IN BUSINESSn: What to Do About $40 Billion | 7/13/1953 | See Source »

...grammatical error on his grandfather-in-law's tombstone. But he found it harder to meet the recurrent agony of writing: "A hundred pages more, and this cursed book is flung out from me." Some days he had "the strength of 20,000 cockneys"; on others he was "sunk as in tropical oppression" with a "base, underhand desire to lie down in everlasting leaden sleep." Sometimes the limp writing hand he held out for Jane Carlyle to pat was only slapped, and Carlyle would whimper, "You are not good to me just now." But more often she fought...

Author: /time Magazine | Title: Books: To Goodykin, from a Genius | 7/13/1953 | See Source »

...boat in the South Pacific, where he participated in the rescue of Captain Eddie Rickenbacker, who had been adrift on a raft for 21 days. Later, Kennedy's squadron also rescued Lieut. John Kennedy (no kin, now the junior Senator from Massachusetts), whose boat had been rammed and sunk by a Jap destroyer...

Author: /time Magazine | Title: A Letter From The Publisher, Jun. 15, 1953 | 6/15/1953 | See Source »

...colonial ironworks at Saugus, north of Boston. In its remains, diggers have found many well-preserved wooden structures that now lie at levels covered every day by the tide. Since the colonial ironworkers had no trouble with tidal flooding, the land that their plant was built on must have sunk nearly three feet below tide level since 1650. Apparently modern Massachusetts is sinking even faster than it did before the Pilgrims landed...

Author: /time Magazine | Title: Science: Sinking Massachusetts | 6/8/1953 | See Source »

...Fiat at a nervous, bucking 15 m.p.h., treats traffic in Chandigarh like a dangerous beast. He has seven different types of roads criss-crossing his dream city like a waffle grid. There will be separate roads for children, for bicycles, pedestrians and cars. All fast, cross-city arteries are sunk 14 feet below ground level to hide the traffic and reduce noise, will have bridges for pedestrians to cross safely. Says Le Corbusier, peering happily through his thick spectacles: "The system will restore to the pedestrian the dignity and peace of mind of which the modern city has deprived...

Author: /time Magazine | Title: Art: City on the Plain | 6/8/1953 | See Source »

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