Word: banke
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Dates: during 1940-1949
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...have been accumulating great amounts of money at the expense of the population. Speculators, however, are not the only ones who will suffer. Hit by the compulsory exchange of old rubles for new, will be those who for one reason or another do not keep their savings in banks. For them the rate of exchange will be ten old to one new ruble. Bank deposits under 3000 rubles will be traded "even Steven". Greater amounts will be exchanged at a less favorable ratio...
Although there is no way of knowing the proportion of purchasing power that is contained in bank accounts less than 3000 rubles, it is certain that a very considerable amount of savings will be wiped out. Even state bonds will be "devaluated". Purchasing power will simply vanish before the stroke of a pen. But this is no guarantee that inflation will be completely banished from the scene. The causes which combined to produce inflation are complex and deep-seated. Human nature being what it is, there is a presumption that speculation will continue. Russian industry is still not producing...
Almost platitudinous has become the legend of the handicapped youth that makes good over all obstacles. Biographies of bank presidents, insurance company treasurers, and even Boston mayors are filed with barriers which only grit and raw courage could overcome...
...money in the bank and the world's best singers to pick from. But the first three weeks had passed with little but mediocre opera-and sometimes worse. In staging and pace, the Met still hadn't picked up any tips from its Broadway neighbors. The scenery was shabby: that was familiar. The singers couldn't act: that was nothing new. But worst of all, some of the singers couldn't even sing...
...Italy's wild inflation. The author and guiding head of the plan is famed Economist Luigi Einaudi, 73, a frail, dry man who sometimes sounds as dull as the retired professor that he is. But as Vice Premier, Minister of the Budget and Governor of the Bank of Italy, he has put an unprofessorial wallop into his actions. Although he is one of Italy's outstanding apostles of unfettered free enterprise, Einaudi has not hesitated to fight inflation with hard-handed governmental control where he thought it was needed...