Word: economist
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Dates: during 1950-1959
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Curiously, Thagaard is no Socialist but a Liberal, a brilliant economist and lawyer, and chairman of the board of Oslo's leading Liberal daily, Dagbladet. Appointed price director in 1920, he has been virtually impregnable in his job ever since. The milestones of his career are the bleached bones of Norwegian free enterprise, starting with antimonopoly laws in the '30s, through price-control laws in 1940: the more severe postwar emergency controls in 1947 (popularly called "Lex Thagaard"), and ending in this week's law. Today Norwegians call him "Rex Thagaard...
...world affairs. Said a Tory M.P.: "What appealed to us all in the Prime Minister's speech was the thought that at last we are to have a British policy." Words of No Offense. After the first flushes of British nationalism came colder second thoughts. "Magnificent," said the Economist of the speech, "but was it policy?" Tories-who seemed to respond happily only to Churchill's truculence over Egypt and not to his soft hints to Moscow-reminded their friends that Sir Winston, at 78, is determined to be known to history as Winston the Peacemaker, as well...
Died. Leo Pasvolsky, 59, Russian-born architect of the United Nations charter and economics expert at Brookings Institution; after a heart attack; in Washington, D.C. A late '30s protege of Secretary of State Cordell Hull, Economist Pasvolsky served as Hull's principal behind-the-scenes strategist at the Dumbarton Oaks and San Francisco conferences, broke a Big Five deadlock at San Francisco by "reinterpreting" the veto question and rewriting the U.N. charter...
...Economist Gunnar Myrdal reported: "Negroes are in desperate need of jobs and bread, even more so than of justice in the courts and of the vote." This definition of the Negro's needs is today strikingly out of date. ^ For most Negroes, the problem is no longer jobs, but better jobs; for many, it is no longer bread, but cake. The Negro wage earner today makes four times as much as in 1940 (compared to the white wage earner's 2½ times as much). The Negro's average yearly income is still only a little more than half...
This proposal may seem difficult to execute, but the atmosphere of a DAR continental convention would make it entirely plausible. Last month, for instance, the Daughters tackled and demolished everything from dope smuggling to the gold standard. A resolution for return to the latter brought protest from an amateur economist: "It would be chaotic to put the United States alone on the gold standard." She was silenced by "It is only foreigners who can't redeem in gold," and the resolution passed...