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...Aramburu thereupon turned back to fighting the painful inflation that makes politically inspired strikes so easy to call. For the past year labor has been caught with wages frozen while prices spiraled up 34%. Aramburu has stoutly refused to grant a wage boost that would redouble inflation. Instead, he has tried to persuade manufacturers and wholesalers to cut prices by cutting profits. After last week's strike he got strong and unexpected help when the influential Roman Catholic Church issued a pastoral letter that declared "business concerns, have a greater duty to reduce their profits than workers to forego...

Author: /time Magazine | Title: ARGENTINA: Firm Hand | 11/4/1957 | See Source »

...machinelike efficiency from Thurber, Thurber persisted in trying to write New Yorker prose. One day Ross stormed in on him. "You've been writing," he exploded in accusation, "I don't know how in hell you found time ... I admit I didn't want you to." Thereupon he wrote Thurber out of the imagined society of efficient journalists and treated him as a sort of basket case. "I was a completely different man," writes Thurber ". . . one of the trio about whom he fretted and fussed continually-the others were Andy [E.B.] White and Wolcott Gibbs. Our illnesses...

Author: /time Magazine | Title: The Press: ROSS THE EDITOR | 11/4/1957 | See Source »

...conference thereupon whooped through a farm resolution as politically potent as it was economically shameless. Its principal point: larger federal stockpiles of farm commodities (present Government-held surpluses: $7.3 billion) should be permitted by law and "such carryover [should] be removed from consideration when establishing prices in the marketplace." Its economic meaning: the farmer should get top subsidies even while commanding top market prices. Its political meaning: whatever the cost to the taxpayer, Midwestern Democrats plan to leave no political row unplowed in their work toward a bumper vote crop...

Author: /time Magazine | Title: POLITICAL NOTES: Feeling Their Oats | 10/28/1957 | See Source »

Caught cold by this counterstroke, Canada's Finance Minister Donald Fleming could only cite the "formidable difficulties" in the way of Thorneycroft's plan. Spokesmen for Canada's automobile, textile and electrical-appliance industries quickly and hotly seconded him. Fleming thereupon hastened to spell out far more specifically than ever before what his government had in mind in making the original proposal for a 15% shift. Canada, he said, would switch all possible government purchasing from the U.S. to the U.K., would send a high-level trade delegation to Britain, and would consider lowering barriers against purchases...

Author: /time Magazine | Title: The Hemisphere: Trade with Britain | 10/14/1957 | See Source »

...Civil Service Commission's Loyalty Review Board found "reasonable doubt" as to his loyalty. _ Last June the U.S. Supreme Court, ruling on a legal point and not on loyalty, held that the Secretary of State had exceeded his authority in dismissing Service; the U.S. District Court in Washington thereupon ordered him reinstated in the foreign service. On his new assignment he will be paid at least $11,850 a year to help plan the shipping of foreign service officers' furniture...

Author: /time Magazine | Title: SEQUELS: The Vindicated One | 9/16/1957 | See Source »

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