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...that the present capital shortage will harm the free world's economy over the long run. Most consider it an inevitable and, to some extent, desirable byproduct of worldwide prosperity. In many nations, the shortage of money acts as a brake on hell-for-leather expansion programs that threaten to burst their economic seams. Often the general effect is to create a natural rationing system based on the laws of supply and demand, which tends to channel capital away from marginal projects into more important-and often more profitable-enterprises...

Author: /time Magazine | Title: Prosperity's Demands Ration the Supply | 7/29/1957 | See Source »

...PUBLIC-POWER DRIVE for harnessing atom will be pressed by Democrats in Congress. They want AEC to build and run $210 million worth of atomic power projects, thus set precedent for Government operation of atom plants for consumers. If program is blocked, Democrats threaten to stop some appropriations for AEC, hold up confirmation of newly named AECommissioners John Graham and John Floberg...

Author: /time Magazine | Title: Time Clock, Jul. 22, 1957 | 7/22/1957 | See Source »

...Cairo could not remember a time when hatred was so directed at them. Day after day Cairo's kept newspapers accuse the U.S. of plotting with Israel and Jordan's young King Hussein to sell out the Arab refugees, to push French massacres in Algeria, to threaten the world with atomic disaster. Street stands are cluttered with paperback tracts such as one called This Is America, with a cover picture of Eisenhower as the Statue of Liberty, holding a gallows rope instead of a torch...

Author: /time Magazine | Title: EGYPT: Amiable Grimaces | 7/15/1957 | See Source »

...other actions last week the President:¶Appointed a six-member Cabinet committee (Secretaries of Commerce, State, Defense, Treasury, Interior, Labor) to investigate independent oilmen's complaints that rising crude-oil imports are discouraging exploration for new U.S. oil resources, thus threaten national security. ¶ Attended, with Mamie, a dedication ceremony opening the new $1,250,000 Islamic Center and Mosque on Massachusetts Avenue (see RELIGION). ¶ Nominated, for a nine-year term as a director of the Tennessee Valley Authority, Arnold R. Jones, 53, of Manhattan, Kans. Republican Jones, Deputy Director of the Bureau of the Budget since...

Author: /time Magazine | Title: National Affairs: Work Done | 7/8/1957 | See Source »

...change will add an estimated 6,000 skilled African workers-teachers, medical orderlies, agricultural demonstrators, senior policemen, etc., to the electoral lists. But this would scarcely threaten white control. Under present rules, there are about 50,000 European voters on the rolls v. 800 Africans in a population where blacks outnumber whites twelve...

Author: /time Magazine | Title: SOUTHERN RHODESIA: Who's Civilized? | 7/8/1957 | See Source »

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