Word: converting
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Dates: during 1940-1949
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...Washington after the pound devaluation, Pella had negotiated to convert into gold some of Italy's dollar reserves, accumulated through exports by Italy's hard-working industry. The U.S. had sold him the gold at $35 an ounce (the open market price in Italy is about $50). Gold now backs 17% of Italy's currency. Technically, the difference between gold reserves and dollar reserves is not great, but psychologically Pella's stroke worked. Impressed, the Chamber of Deputies gave the government a two-to-one confidence vote...
...Trend. "Modern Parables," as Oursler, a convert to Roman Catholicism, calls his tales out of Sunday School, were selling fast; the Cowles-owned Register & Tribune syndicate had already signed up 75 newspapers. Two other syndicates will soon distribute similar "inspirational" columns by two other bestselling religious authors. For a weekly sermon on such subjects as "The Philosophy of Pleasure" by Monsignor Fulton J. Sheen (Peace of Soul), the George Matthew Adams syndicate has lined up 25 newspapers. For the Rev. Dr. Norman Vincent Peale (A Guide to Confident Living), the Post-Hall syndicate has signed 34 newspapers...
Last week officials triumphantly announced that the Equitable Life Assurance Society had agreed to take on the financing of a spectacular $50 million project to clear 23 acres of the Triangle's point, convert it into a park and construct three modern office buildings...
Last week Editor Wang's staff pleaded guilty again in an editorial: Ta Rung Pao had been so dull that the "comparatively backward elements" whom the Communists are seeking to convert "do not like to read the paper." To brighten things up, Editor Wang had printed "scoops" which had turned out to be untrue. Sadly the paper confessed that "as a result of the mischievous idea of news competition held by the bourgeoisie, we are led to make a mess of things . . . [But] under the correct leadership of the Communist Party of China [we shall] throughly...
Hearts v. Chests. The trend was so terrific that some of the old-style confession magazines confessed that they were in trouble. Macfadden Publications, biggest tell-all in the business (True Story, True Romance, Experiences), refused to convert to the new comic format when Fawcett did. Thereupon the bottom dropped out of Macfadden's market: after netting $224,883 in the first quarter of 1949, it reported a second-quarter loss of $11,635. Admitted Macfadden's Dwight Yellen: "No doubt about it-the confession comics have hurt our field...