Word: gold
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Dates: during 1940-1949
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...Peiping, Mao ordered ten days of celebration. The capital turned out for a big military parade, complete with 14 planes of the new Chinese Red Air Force. In Shanghai, schoolgirls marched, gongs and cymbals sounded, giant Red stars appeared everywhere under the new gold-starred flag of the "People's" Republic...
...pretty "Toodie" Simpson, the bachelor met his match. Ever since her schooldays (at Virginia's fashionable, horsy Foxcroft), according to one of her friends, Toodie "had only one concern-to get married." She wore huge gold earrings in a gypsy style and had frizzy black hair. The effect, said her friend, was rather too exotic for an 18-year-old and somehow she "scared the boys away." Nevertheless, in 1946 Toodie married William Simpson, the son of a Chicago millionaire. Last year they were divorced. Now a sleek, mature 26 who "can afford a suit or two from Schiaparelli...
...trump cards. He announced 1) an immediate 10% reduction in the controlled price of bread, in answer to Communist alarm cries that as a result of the lira's slump prices would rise; and 2) the purchase in Washington of a little more than $100 million worth of gold (100 tons) to back the lira...
...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...
...Jhelum River is the main thoroughfare of Srinagar, beautiful capital of Kashmir. For 2½ hours Nehru rode triumphantly on its muddy stream. The city's carpenters had fashioned for him a 50-ft. barge caparisoned with gold brocade and Persian carpets, and propelled by oarsmen in white uniforms and crimson turbans. Nehru sat on a thronelike platform. At his feet played his two small grandsons, wearing Gandhi caps just like grandpa. Beside him sat quiet Karan Singh, Kashmir's powerless yuveraja (prince), and tall Sheikh Mohamed Abdullah, Kashmir's Prime Minister, real boss and Nehru...