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...moneyman behind the opposition is South Africa's wealthiest man: fabulous Sir Ernest Oppenheimer, the diamond king, who owns gold and uranium mines, railways and newspapers as well. The industrialists want cheap Negro labor. Neither industrialists nor liberals want to abolish South Africa's color bar, but both are willing to give the blacks more education and opportunity. In the heightened emotions of the present crisis, they find it necessary to show that they are not "nigger lovers." Arguing in Parliament for technical training for black workers, Jacobus Strauss declared, "Higher skills are in any case beyond...

Author: /time Magazine | Title: SOUTH AFRICA: Of God & Hate | 5/5/1952 | See Source »

What She Owns. Elizabeth is one of the world's wealthiest individuals. Although a monarch's private holdings (and will) are unpublished, the crown jewels are estimated at up to $140 million, and Buckingham Palace's gold dinner service at $10 million. It is impossible to price-tag the private estates at Balmoral and Sandringham, the library of Windsor Castle and the art treasures of Buckingham Palace. The Queen owns 600 of the Thames River's 800 swans, all sturgeons and whales caught in home waters, the land around the perimeter of the islands between high...

Author: /time Magazine | Title: Foreign News: THE RIGHTS AND DUTIES OF THE QUEEN | 2/18/1952 | See Source »

Before Adolf Hitler came to power, Berlin's house of Ullstein was the biggest, wealthiest publishing company in Europe. It published Germany's biggest newspaper, the Berliner Morgenpost (circ. 600,000), its biggest illustrated magazine, the famed Berliner Illustrierte Zeitung (circ. 2,000,000), and its most influential weekly, the Grüne Post (circ. 1,000,000). The House of Ullstein also published three other Berlin daily newspapers, two weeklies, ten monthlies and some 2,000,000 books a year. Its headquarters occupied a city block along Berlin's Kochstrasse, and it employed 10,000 workers...

Author: /time Magazine | Title: The Press: Out of the Ashes | 2/4/1952 | See Source »

Princes, Premiers and the wealthiest wanderers of the world flocked to the Ritz. So did New York society. It was the scene of endless balls, receptions, cotillions. When Barbara Hutton came out in 1930, the Ritz's ballroom was decorated with $10,000 worth of eucalyptus trees; for another coming-out party it was transformed into a tropic jungle-with live monkeys. But last year, after four decades, the management of the hotel announced that the end had come: the Ritz was to be demolished to make way for a 25-story office building...

Author: /time Magazine | Title: NEW YORK: Last Days of the Ritz | 5/14/1951 | See Source »

...employed, even if the production of 1929 were to be kept up."* At the end of World War II he wrote: "The vast technological changes that have taken place [in the U.S.] will lead to very great overproduction or mass unemployment or possibly to both . . . The U.S.A., the wealthiest . . . country in the world, becomes dependent on other countries' absorbing its surplus production...

Author: /time Magazine | Title: IDEAS: Pandit's Mind | 5/7/1951 | See Source »

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