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...Defense Secretary Wilson is an ex-G.M. man, G.O.P. politicians have tactfully suggested that he taper off on G.M.'s defense contracts. They are now down from 19% of G.M.'s business in 1953 to less than 10% in 1955, although Pentagon purchasing agents give G.M. topmost marks for quick decisions and on-schedule delivery...
...romance of the pretty Princess and the dashing airman. But beneath the soapsuds of sentiment, a serious crisis was forming. The plans of Princess Margaret, third in line for the throne of the British realm, and Group Captain Peter Townsend, R.A.F., a once-married commoner, have grown into the topmost concern of church and state. Britons sensed that a decision was in the making, but few knew all that was going on to shape it. The question concerned not only Princess Margaret's happiness but the British balance of church, state and throne...
Only a few of the topmost government officials know the precise content of the statement. Even the press last week remained officially unaware of it, for in royal-family matters, the responsible British press acts much like a faithful family retainer-protective, discreet, and only affectionately chiding. But for more than two years, while palace and government have maintained an icy silence, Britain's press has aligned itself solidly in favor of the royal romance. Without affronting palace privacy, it has done its best to keep the public up-to-date on each new development in the case. When...
...offender was Comrade Pietro Secchia, the party's deputy secretary general and one of Togliatti's two topmost lieutenants. As chief of the party's organizational apparatus, and the late Lavrenty Beria's representative in Italy, Moscow-trained Comrade Secchia had long possessed authority, secret dossiers and generous allocations of funds with which to build a personal machine within the party. But at the national party conference a fortnight ago, he rashly got himself identified with party diehards, who want to discard Palmiro Togliatti's "soft" policy for tough methods (TIME, Jan. 24). Because Moscow...
World War II found Banker Dodge renegotiating Army Air Forces contracts in the Midwest. Soon he was heading the Pentagon's topmost War Contracts Board, which in four years handled $190 billion worth of business, recovered $11 billion for the taxpayers. From the Pentagon, Dodge was taken by General Lucius Clay to Germany as a financial expert. To get war-torn Germany off its cigarette economy, Dodge proposed a 90% currency reduction (one mark for ten), coupled with capital levies on real property to even out the burden of defeat. "Imagine a Detroit banker advocating a capital levy," gulped...