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Speculators & Other People. With production still low and demand growing, the Soviets had spiraled into economic trouble similar in some ways to capitalist inflationary difficulties. The ruble, officially valued at 20 U.S. cents, was worth no more than three in actual buying power. Illegal speculation by bureaucrats, collective-farm bosses, store and factory managers and others had become a lively menace to state planning. Peasants, and some city dwellers, had also accumulated hoards of rubles largely because too few of the things they needed, or wanted to buy, were available. Never knowing when deposits might be frozen, they distrusted banks...

Author: /time Magazine | Title: RUSSIA: The Last Sacrifice | 12/22/1947 | See Source »

...more striking than the rumor's accuracy was the half apologetic, half-propagandist, wholly contradictory tone of Zhdanov's decree. Said he: "Currency reform in our country is radically different from currency reforms in capitalist countries. In the U.S.S.R. it is being carried out not at the expense of the people. . . . However, the reform demands certain sacrifices. The state is taking on itself the greater part of the sacrifice, but it is also necessary for the population to bear a part -all the more since it will be the last sacrifice...

Author: /time Magazine | Title: RUSSIA: The Last Sacrifice | 12/22/1947 | See Source »

...comforting to Washington officialdom to discover that Russia is no more immune from the ravages of inflation than are the "decadent democracies. Evidently a considerable number of Russians are not above turning a quick ruble by somewhat questionable methods. Evidently some Russians rather fancy the idea of playing capitalist. Otherwise, the Council of Ministers would not have found lit necessary to announce the issue of new currency beginning tomorrow...

Author: NO WRITER ATTRIBUTED | Title: Russian Ways | 12/15/1947 | See Source »

Miss Anna Wright, delegate to the World Youth Festival at Prague last summer, will tell of difficulties she encountered as a "capitalist" among Communists in an open meeting at four o'clock...

Author: NO WRITER ATTRIBUTED | Title: Prague Delegate Will Speak | 12/11/1947 | See Source »

...Rank; Prestige), at its clearest, appears to be a plea for the abolition of the 19th Century. Everything else about this British cinemadaptation of Daphne du Maurier's novel is equally impossible. It begins in Ireland atop a large rocky lump of earth (see title) which a greedy capitalist named Brodrick is determined to excavate. A member of the lower classes prophesies that "woe" and "the end of everything green and beautiful" will betide if the hill is mined for copper. For three generations (roughly 90 minutes), flunkeys announce woe more often than dinner ("There's terrible trouble...

Author: /time Magazine | Title: The New Pictures, Nov. 10, 1947 | 11/10/1947 | See Source »

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