Word: tycooning
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...beginning to pay off. Americans were all over the place. After getting over their first horror at poverty and squalor, many enthused over the opportunities, and over a spirit of cooperation in the government that they had not anticipated. In Uttar Pradesh, Kaiser Aluminum and India's Tycoon G. D. Birla were about to break ground for a new $42 million plant that will more than double India's present 18,000-ton aluminum capacity. South of New Delhi, Goodyear was putting in a $12 million tire factory; Firestone and an Indian partner plan another at Bareilly...
...free press-for the government happened to be celebrating the occasion by clapping 72-year-old Ahmed Emin Yalman, dean of Turkish newsmen (TIME, Jan. 18), into jail for violating the oppressive national press laws. His crime: reprinting in his daily Vatan (Nation) articles by U.S. Newspaper Tycoon Eugene C. Pulliam (the Indianapolis Star, nine other papers) that "belittled" Premier Adnan Menderes. For that, Yalman began a 15½-month sentence in Uskudar prison on the Asiatic side of the Bosphorus...
Among Beckmann's sponsors in St. Louis was Department Store Tycoon Morton D. May, an energetic collector of modern art. Last week in pictures from May's collection were on exhibit in the spanking-new library of St. Louis University, and the hit of the show proved to be 48 Beckmanns, the biggest and best collection of Beckmann's oils anywhere...
Last week the last act came for the Roxy. Manhattan Real Estate Tycoon William Zeckendorf announced that for $5,000,000 he had bought the theater from Rockefeller Center Inc., which bought the Roxy in 1956. He plans to tear it down to build a $12.5 million, 900-room, 600-car-garage addition to his Taft Hotel, making it one of the largest hotels (2,500 rooms) in New York. Zeckendorf, who, like other large realty operators, has had trouble rounding up all the financing needed to construct his 2,000-room Zeckendorf Hotel, is still negotiating the financing...
Into the slightly tarnished Casino of Monte Carlo one evening shuffled Sir Winston Churchill, a sometime gambler spending a quiet vacation (on doctors' orders) in Monaco. At Sir Winston's side was Shipping Tycoon Aristotle Socrates Onassis, owner of 42% of the Casino's stock. Churchill bought a modest stack of light blue ($1) chips. After two hours devoted to the impassive scrutiny of a spinning roulette wheel and the cards in another game called trente et quarante, the two departed. Churchill was an estimated $35 richer, Onassis $15 poorer. Two afternoons later Sir Winston was back...