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...draw a very sharp distinction between the external obligations of any government, payable in the currencies on the markets where those obligations are issued and their own internal obligations. On their internal obligations they have a right to tax the people until the issue is out of existence, almost." Heartless Contracts. Here & there in the U. S.. stern voices were raised to the effect that the Government ought to maintain international good faith by paying foreign holders of its bonds the equivalent of gold in paper dollars. But when May payments on billions & billions of dollars worth of public...

Author: /time Magazine | Title: National Affairs: Honor & Gold | 5/15/1933 | See Source »

...haired, squint-eyed young Director of the Budget. The 1933 budget is a hangover from the Hoover Administration, a Republican inheritance beyond Democratic repair. Most of the Roosevelt economies will not show up until the 1934 budget (effective July 1) and upon them Budgeteer Douglas is concentrating with a heartless zeal that has bureaucratic Washington by the ears. Though he shakes his head mournfully and talks about his "sad job" which wrecks the hopes and happiness of thousands of citizens, he is determined that President Roosevelt shall make good on his campaign pledge to reduce Government expenses...

Author: /time Magazine | Title: National Affairs: Fever Chart | 5/1/1933 | See Source »

Last fortnight The Author & Journalist followed its exposé of the heartless "copyright racket" with the report of its investigation into the similar but more lucrative "vanity publishing" field...

Author: /time Magazine | Title: Press: Drivel Racket | 4/17/1933 | See Source »

...their stupid characters appear dunces, but clever Authoress Bowen has gone a step further and made fools of her clever people. A long step in advance of The Hotel (TIME, Feb. 25, 1929), To the North is written with the same unblinking observation that may seem to some readers heartless but is so devoid of comment that it cannot be called cynical...

Author: /time Magazine | Title: Books: English Ophelia | 3/13/1933 | See Source »

Cecilia, attractive and intelligent young widow, was not exactly heartless but she had little affection to spare. The person she liked most was Emmeline, near-sighted but charming girl with whom she shared a London house when she was not traveling. Both Emmeline and Cecilia were attractive to men and went out a great deal, seldom together. Cecilia thought of marrying again but knew what was what, investigated matrimonial candidates with care. Emmeline. touchingly business-like in her travel agency, was blind as a newborn infant when if came to love. When Markie, clever bounder Cecilia had already seen through...

Author: /time Magazine | Title: Books: English Ophelia | 3/13/1933 | See Source »

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