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...week-end only one country could be said to be enthusiastically following the pound: President Carmona of Portugal took public note that the Portuguese escudo is pegged to sterling, recalled how lucrative are Portugal's sales (of Port wine, etc.) to Britain, made clear that the escudo will cling to the pound. This worried Spaniards. They sell to Britons sherry, etc. Anxiously Madrid foresaw that Portugal, by letting her escudo slide with sterling, will be able to offer drink, etc. to thirsty Britons cheaper than Spain, whose peseta is semi-stabilized on a gold basis. Gold Standard-"Cross...

Author: /time Magazine | Title: INTERNATIONAL: Pound, Dollar & Franc | 10/5/1931 | See Source »

...poker-faced at nothing in the dark, fetid street there is still a strong sense of the hot, swart, teeming Italians inside. In the winter, 107th Street is piled with refuse and dirty snow. In the summer the sun beats down until it bubbles the tar. Thick, bad odors cling in the crannies, clutch at the passerby...

Author: /time Magazine | Title: CRIME: Most Damnably Outrageous | 8/10/1931 | See Source »

Firmly do U. S. churchmen, Jewish leaders above all, cling to a privilege accorded them under the 18th amendment: the use of authentic, alcoholic wine for their sacraments. On the Continent wines are cheap, their sale unrestricted, their use in churches unchallenged. But in Scotland, home of many a fine whiskey, there are no indigenous wines and' a stiff duty is added to the cost of those imported. The Church of Scotland at its General Assembly last week passed a resolution advocating the use of nonalcoholic wines in Holy Communion...

Author: /time Magazine | Title: Medicine: Non-Alcoholic | 6/8/1931 | See Source »

...Born April 29, 1901, he is 29 (the Empress is 28) by Western reckoning; but Japanese hold that everyone is a year old at birth. Japanese think it queer that, since everyone has unquestionably been alive for some time before birth, Westerners cling to the obvious absurdity of reckoning a newborn babe as of zero...

Author: /time Magazine | Title: JAPAN: Short Sword, Purple Skirt | 3/16/1931 | See Source »

Just now the Prime Minister is proceeding on a rather tenuous theory: instead of feeling obliged to resign on any adverse vote (which is theoretically his parliamentary duty), he will cling to power until the House, egged on by the Leader of the Opposition, unmistakably demands his resignation...

Author: /time Magazine | Title: Foreign News: Rim of Doom | 2/2/1931 | See Source »

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