Word: apre
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...Churchill began by asking if the Labor Party really wished to follow Prof. John. Maynard Keynes' policy of a managed currency (TIME, Apr. 6, BUSINESS). If so, he taunted, it was possible for His Majesty's Government to cut the value of wages in half by inflation, or for a Labor Government to liquidate all private property by the same means. Inflation, he said, was equivalent to a grocer juggling with his weights and measures...
Standard Oil evidently prefers to train its executives rather than acquire them through mergers. Last spring, Standard of Indiana acquired the Pan-American Petroleum and Transport Co. from Edward L. Doheny (TIME, Apr. 13). Potent in Pan-American was Herbert G. Wylie, long an able Doheny lieutenant. Shortly after the merger, Mr. Wylie found his occupation gone. Pan-American was now a subsidiary, and no longer an independent. Decisions were made by the Standard of Indiana heads, and the Presidency of "Pan Pete" became a sinecure job, without responsibilities or possibilities for individual initiative. This development little suited...
Since the War, Archbishop Platon has been in actual possession of the American branch of the Russian Church, but he has been hostile to the new regime in Russia, and did not follow the Patriarch Tikhon when that lately deceased ruler (TIME, Apr. 20) compromised with the new Church faction in Russia. Patriarch Tikhon had summoned him to Moscow to be unfrocked. Thus Platon may be generally identified with the aristocratically inclined "unreconstructed Russian...
Concerning the 20,000-mile cruise from which he, his 14 mates and the S. S. Arcturus were returning, Beebe added the following points to extensive reports he had sent off en route by radio (TIME, Mar 16, Apr. 27, May 11, July...
...Last year (TIME, Apr. 21, 1924), Inventor H. Grindell-Matthews of England announced a "death ray," a principle alleged to stop airplane or other engines at great heights, to ignite airplanes' wing fabric if the motor was protected by insulation. The Matthews "ray" would kill or disable infantry and its inventor said: "In the near future, machine guns will be found only in museums...