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Profits & Risks. This was just a preview of bigger complications yet to come as Sir John tries to unwind a nationalized, $840 million network of 80 steel companies. What, for example, was to be done about the Steel Co. of Wales, owner of the Margam Works, Britain's most modern, comprehensive steel plant? Started in 1947, the plant was not completed until almost a year and a half after Steel Co. of Wales was nationalized. It has $47.6 million in issued capital, but is worth more than $196 million. The difference is borrowed money, which went into finishing...

Author: /time Magazine | Title: BUSINESS ABROAD: Scrambled Steel | 8/17/1953 | See Source »

...mechanical mouse named Theseus, the creature of Dr. Claude Shannon, Bell computer authority. It was named after the Greek mythological hero who went into the Cretan labyrinth and slew the Minotaur. But Theseus Mouse is cleverer than Theseus the Greek, who could not trust his memory but had to unwind a ball of string to guide him out of the labyrinth...

Author: /time Magazine | Title: Science: Mouse with a Memory | 5/19/1952 | See Source »

...future, it inspired as many misgivings as hopes. The Kremlin's fixed tactics are to slash weakness with armor, to sap strength with wiles. Out of the MacArthur hearing, the Kremlin learned that the end of U.S. patience was near. The Kremlin's obvious advantage is to unwind U.S. determination, take the urgency out of the West's rearmament. So the Kremlin whispered tantalizingly of peace. That is the time of peril-the time of the Truce of the Bear...

Author: /time Magazine | Title: THE NATION: The Truce of the Bear | 7/16/1951 | See Source »

...wrinkled peas from the smooth), Randall does not realize that somebody else is watching the sunsets when he's not around. When at last he catches the poacher on his preserve, Randall gives him the heave and the plot a twist that will require some sequels to unwind...

Author: /time Magazine | Title: Books: Something for the Gulls | 11/27/1950 | See Source »

...crime" taken from the files of the Los Angeles police. Webb, who also plays matter-of-fact Police Sergeant Joe Friday, says: "We use the oldfashioned, plain way of reporting, where you don't know any more than the cops do. It makes you a cop and you unwind the story...

Author: /time Magazine | Title: Radio: Real Thriller | 5/15/1950 | See Source »

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