Word: funke
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Chubby, jolly Dr. Funk, long a Nazi Party member, and once head of the Third Reich's Press Department, will keep his Economics Ministry which he took from Dr. Schacht in 1937. Specifically charged with maintaining the stability of wages and prices, he will now have the added and important job of opening up and enlarging, in Herr Hitler's words, "the capital market for private financial needs...
...credited with either the genius or the stubbornness of Dr. Schacht, Dr. Funk is not expected long to resist the demands of those Nazi radicals who have wanted to print bank notes against such newly created wealth as public buildings, roads. They have professed to be less interested in how much gold a ten-mark note represents than how much bread it will buy. As if in expectation of inflation, values on the German stockmarket rose in terms of marks, while German bonds elsewhere sank lower...
...rich countries are getting poorer," boasted plump Dr. Walther Funk, Reichsminister of Economics, in Rome last week, "and the young poor ones getting richer...
Richer or poorer, Dr. Funk's country was last week certainly getting hungrier. Butter, cream, other fats, some meats are rationed in Germany. Eggs, common vegetables often disappear from market. Non-nutritive but ingenious excuses are left in their place by the Propaganda Ministry. A recent onion shortage was blamed on an "onion corner" by "international Jewry." Last week Germany was being given excuses instead of coffee...
...companion book to Your Wings, Funk & Wagnalls last fall published Jordanoff's Through the Overcast, a course in weather and instrument flying done in the same pithy, well-illustrated style. By itself and packaged with Your Wings it has thus far sold 10,000 copies in the U. S., is still going at the rate of about 500 a week...