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More Austerity? Sir Stafford's system of planned austerity and bilateral deals, under attack at La Muette, had met still graver difficulties in London. A near-panic on London's exchange had sent government bonds plummeting to new lows for the year; in a single week the value of gilt-edged consols (government bonds) dropped by close to ?250 million. Said the London Economist: "The truth is that the crisis which the British did not expect until 1952-and hoped to be prepared for by then-is already upon them...

Author: /time Magazine | Title: ECONOMICS: 1952? | 7/11/1949 | See Source »

...this was, Chinhsien's fall held a still graver threat: possession of Chinhsien opened to the Communists the northeastern door to North China...

Author: /time Magazine | Title: CHINA: Retreat | 10/25/1948 | See Source »

...heroine of the episode was Princess Margaret. Growing up, she was not as gentle as her gentle friend Barrie pictured her. She became a terror to "Crawfie" (Miss Marion Crawford), her governess. At ten, she shocked her graver sister by noting that her nursery footman was "frightfully handsome." At 14, Margaret was caught sampling the King's champagne. At a recent party, the King told her not to drink any more sherry. "If you don't let me have another glass," said Margaret promptly, "I won't launch your old ships for you." The King gave...

Author: /time Magazine | Title: GREAT BRITAIN: Zing! | 8/30/1948 | See Source »

...affair of the rooks was much graver and tempers accordingly rose higher. The British rook (Corvus frugilegus) is a black, glossy, gregarious bird of the crow family, closely resembling the U.S. crow, old Corvus brachyrhynchos, some of whose unpleasant habits it shares (e.g., eating eggs from other birds' nests). But there are those who love it. And the Ministry of Agriculture & Fisheries had decided that there were too many rooks. It urged county committees to shoot 80% of them...

Author: /time Magazine | Title: GREAT BRITAIN: Indiscriminate Slaughter? | 5/24/1948 | See Source »

With many housing units in the province of Punjab destroyed in religious riots, housing has often become a graver problem than food for the student community. Already the World Student Relief has been active in starting a student co-op hostel throughout the country...

Author: NO WRITER ATTRIBUTED | Title: Riot Refugees Sweep North India | 4/6/1948 | See Source »

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