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Denmark devalued less than Britain: 7.9%. It was a half measure intended to help Danish farmers keep their vital outlets for butter and bacon in Britain while penalizing its much larger but import-dependent industries as little as possible. New Zealand, with its whole economy already weakened by falling wool prices, devalued 19.45%. Ceylon devalued 20%, and at week's end tiny Iceland took the biggest...

Author: /time Magazine | Title: Money: Weathering the Fallout | 12/1/1967 | See Source »

...ERNST BACON Orinda, Calif...

Author: /time Magazine | Title: Letters: Nov. 3, 1967 | 11/3/1967 | See Source »

...tension is still there. Bacon still wants to rule with an iron hand and still thinks his autocratic personal style necessary to the district's well-being. Asked about one of the trustee's criticism that the ten-year program might cost more than twice Bacon's estimate and might not get his promised federal support, the superintendent snapped, "What the hell does he think it will cost? He ought to say or keep quiet--this is just nitpicking. With the kind of help we've been getting from him we may have trouble getting from him the federal money...

Author: By Joel R. Kramer, | Title: Sert Will Retire In 1969 as Dean Of Design School | 10/7/1967 | See Source »

...Bacon says, "It may sound immodest, but unless there's somebody in here willing to fight to keep the district clean, it could slip back (into corruption) in six months. Everything is still here--the money and the power to misuse...

Author: By Joel R. Kramer, | Title: Sert Will Retire In 1969 as Dean Of Design School | 10/7/1967 | See Source »

...Bacon continues to hold back the pressing armies of bad government while leading Chicago to a better, cleaner life. If he is scarred by the bomb scare, the tension of often being close to losing his job, and the continuous personal criticism, he does not outwardly show it. All he has to say to the problems his personality creates is "We don't have any solution but to get to work before seven and quite after six to allow time for this silliness and our real business...

Author: By Joel R. Kramer, | Title: Sert Will Retire In 1969 as Dean Of Design School | 10/7/1967 | See Source »

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