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Master Stroke. At war's end. Hong Kong was a wreck. Its harbor facilities had been destroyed by bombings, and two-thirds of its population had fled. The colony was flooded with worthless currency called "duress notes," which the Japanese had forced the Hongkong & Shanghai Banking Corp. to issue. The British acted boldly: with the help of the local government and the Bank of England, the corporation redeemed every duress note at face value-an operation costing $30 million. "A master stroke," sighed one relieved financier. "Nothing did more to restore Hong Kong's prestige so quickly...

Author: /time Magazine | Title: HONG KONG: The Fragrant Harbor | 11/21/1960 | See Source »

...more human way." The letters show how little Freud had to sustain him, except for psychoanalysis. He had no faith in progress or people: "In the depths of my heart I can't help being convinced that my dear fellow men, with a few exceptions, are worthless...

Author: /time Magazine | Title: Books: A Special Kind of Being | 11/14/1960 | See Source »

...early-fatalistic, who put together gangs more readily than novels. Here Goodman offers perhaps his best insight: a view of a delinquent as powerlessly struggling for life within, not resigned from, an unacceptable world. We are reminded of Dostoevski. As Goodman puts it, "On the streets, they feel worthless and abandoned; in the reformatory, they are accepted back home." This is "delinquency-in-order-to-get-caught," or less clumsily, crime for the sake of punishment that implies 'belonging...

Author: NO WRITER ATTRIBUTED | Title: Amid Missed Revolutions, Growing Up Absurd | 10/21/1960 | See Source »

...meet these bills, Bill Zeckendorf is preparing a plan for new financing, to save both Freedomland and Webb & Knapp's Freedomland Inn, a $6,000,000 motel which is being built on the property adjoining the park and which would be relatively worthless if the entertainment center folded...

Author: /time Magazine | Title: ENTERTAINMENT: Trouble in Freedomland | 9/26/1960 | See Source »

...slipping a hundred-dollar bill into a sandwich and eating it. Poor Timothy Dexter wanted desperately to break into the upper crust, but he hadn't a prayer. All he had was money, made by buying up Continental dollars for pennies when most people thought they would become worthless. Overnight a man of affairs instead of a lowly leather dresser, he was still despised by the other well-to-do. He was uncouth, uneducated, a prodigious boozer and a shameless wencher. His wife was a shrew, his son a boor, his poor daughter none too bright and also addicted...

Author: /time Magazine | Title: Books: Yankee Clown | 9/19/1960 | See Source »

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