Word: generaled
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Dates: during 1940-1949
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There is severe inflation in Japan, and a black market. Communist troublemaking in the unions forced MacArthur to squelch a general strike, later a communications strike. There is not enough shipping, and no visible way of getting large-scale shipbuilding started...
...Minister Jose Humberto Sosa Molina. Bulky (225 Ibs.), beribboned Sosa Molina loved it. In four days of Washington wining and dining he got on the outside of everything from filet mignon (at a dinner given by Army Secretary Kenneth Royall) to Army 5-in-1 rations (at the Quartermaster General's experimental kitchen). Brisk, soldierly and correct, he went out of his way to make friends, one day waddled into the White House to present President Truman with a gift from boss Peron-a small equestrian statue of Liberator Jose de San Martin. Along with the present went...
...Canadians," said Abbott, "are realists. We do not expect to get something for nothing." In that belief, he had given them a completely realistic budget. Though "we have stopped the abrupt decline in our exchange reserves," said he, and "our domestic economy has continued to boom . . . the general policy for this year should be to use our surplus [$670 million] to reduce our debt and thereby to fight inflation . . ." The nation should get set for an economic slump, and be ready for an international emergency. "A substantial surplus will help to keep our powder...
...General Electric's late, great Physicist Charles Proteus Steinmetz...
Since Easter, Finance Minister Douglas Charles Abbott and his technical experts had worked long & hard on the budget. With Prime Minister King's O.K., Abbott laid down the general line: a tough plan, and no major tax reductions...