Monday, Aug. 31, 1959
To do its job well, a newsmagazine must carefully study the pat tern of the news not only from week to week, but also from month to month and year to year. More often than not, a story can be put in proper perspective only if it is seen in the larger focus of significant developments that may well be obscured by fast-breaking day-to-day news. Among the stories in this week's TIME that especially called for this wider, larger, deeper view:
Labor. One of the most significant NATIONAL AFFAIRS stories of recent years has been the revelation of corruption in the Teamsters Union. More than two years ago, TIME looked into the Teamsters' aromatic stable in a cover story on Dave Beck, then boss of the union. On Labor Day, 1957, TIME summed up the congressional hearings on labor up to that point, and concluded: "There is a strong likelihood of more restrictive labor laws." After three years of congressional investigation of the Teamsters, TIME decided that it was time to restudy and recap the record, which Teamster Boss Jimmy Hoffa has boldly said "speaks for itself." The long record and what it says is documented and analyzed in the NATIONAL-AFFAIRS cover story, "Pretty Simple Life."
Money. Many a consumer who sets out to buy a house or TV set and many a businessman who embarks on plant expansion or modernization is discovering that it is harder to get the money he needs to do it--and the money costs him more. As the economy boomed, the supply of money over the past few months has got steadily tighter. For how and why this happened, and what it means to the economy, see BUSINESS ESSAY, Tighter Money.
Africa. "The American is not long in Africa." says TIME Correspondent Curtis Prendergast, "before he is taken aside and asked, 'Well, how long do you think this can last?' " After two years of reporting the ever-changing African story (including such major pieces as the cover story on Guinea's Sekou Toure), Prendergast finds that the question is in itself a kind of answer -- a tacit admission by Africa's whites that they can resist and delay but cannot stop the move for increasing African rule. Africa has become a land of two timetables: the impatient black says "Freedom Now"; the white says "Later." A few short years ago there was only one timetable -- and it said "Never." For a thoughtful look at the timetable change, see FOREIGN NEWS, Restless Africa.
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