Word: finlandized
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...exchanges were closed for one day; other countries declared similar holidays.) All the dominions devalued their currencies in proportion; Canada, a dollar country, devalued its dollar 10%. In the colonies the readjustment was automatic. Ireland, Egypt and Israel brought their pounds into parity with Britain's. Norway, Denmark, Finland, Iceland, The Netherlands and Sweden made devaluation moves...
...average gallerygoer the majority of the exhibits looked handsome, efficient, worth taking home. Tubular steel and molded plywood chairs, unornamented chests and tables no longer wore the unfamiliar, revolutionary air which had made an earlier generation snort and settle deeper into its mohair easy chairs. Sample rooms designed by Finland's Alvar Aalto and Manhattan's George Nelson proved that with modern furnishings a home could be simple and yet warm and livable...
...American living abroad, I read with great interest . . . the suggestions of Senator H. Alexander Smith that Finland utilize future war debt payments for exchange scholarships for students and technicians [TIME...
...first phase of the Communist offensive in Finland was over. The Reds' carefully timed barrage of successive strikes had so far failed to paralyze the country's economy or to intimidate Premier KarlAugust Fagerholm's tough Social Democratic government. But the fight was not over. For the second phase of their drive, the Red strategists had held back some important reserves: Finland's 55,000 metalworkers...
...strike of metalworkers would hold a special danger for Finland: it might delay delivery of Finnish reparations to Russia. That, explained Premier Fagerholm last week, was what the Communists wanted; delay might give Russia an excuse to "intervene" under terms of the peace treaty...