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...American Telephone & Telegraph Co., $659.8 million, including the SAGE electronic air-defense system, the Distant Early Warning (DEW) line, the "White Alice" Alaskan communications system, ICBM guidance systems...

Author: /time Magazine | Title: Business: Who Got What | 1/26/1959 | See Source »

Slowly, the flood subsided and lost itself in the waters of Lake Sanabria. On the surface floated the bodies of men, women and children. Dead cows, pigs and chickens were mingled indiscriminately with tree trunks, telegraph poles, rooftops, household goods. A man caught in his home floated to safety on the inflated rubber mattress on which he was sleeping. The innkeeper, who escaped to the hillside, went back to empty his cash register and was drowned. Just before the water hit, an elderly couple dashed back for their life savings. They disappeared. Of the village's 500 inhabitants...

Author: /time Magazine | Title: SPAIN: Thunder in the Ravine | 1/19/1959 | See Source »

...Portuguese. After his election as one of Léopoldville's commune burgomasters in 1957, he had himself declared "Supreme Leader" by his followers, and began receiving homage seated on a leopard skin, symbol of tribal supreme power. Meanwhile, the rival Bangalas also began organizing, and the bush telegraph began to echo the nationalist sentiments of the recent All African Peoples Conference in Accra. To make matters worse, the demand for Congolese copper ore hit a slump, and jobless natives swarmed into the city to find work. Finally, one day last week, 4,000 blacks jammed into the courtyard...

Author: /time Magazine | Title: BELGIAN CONGO: If Blood Must Run | 1/19/1959 | See Source »

...Philadelphia, nearly everybody agrees that the Inquirer has a knowing way with a dollar. Owned by the shrewd, multisided Triangle Publications (Seventeen, TV Guide, Morning Telegraph) of the Annenberg family, its morning paper (circ. 604,977) is the nation's fifth largest daily and its Sunday edition (circ. 1,108,209) is Philly's biggest, also ranks fifth in the land. But last week the Inquirer put the finishing touches on a financial deal that seemed entirely out of character: it was paying staffers bonuses to quit...

Author: /time Magazine | Title: The Press: Bonuses for Quitting | 1/12/1959 | See Source »

...news of American Telephone & Telegraph Co.'s decision [to split its stock] not only hit Wall Street like a bombshell, but it hit me the same way. All I've ever heard about A.T. & T. and New England T. & T. has been that they're losing money and rates have to go up. As a lifetime consumer, may I now expect a reduction in rates...

Author: /time Magazine | Title: Letters, Jan. 5, 1959 | 1/5/1959 | See Source »

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