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...urgency and import of the news from Asia has moved the editors to alter TIME'S news format for this issue. As a result, in National Affairs' accustomed place you will find an eleven-page special section called War In Asia...

Author: /time Magazine | Title: A Letter From The Publisher, Jul. 10, 1950 | 7/10/1950 | See Source »

...walk through Prague's Wenceslas Square," says Schmidt, "and see ... on nine-tenths of the shops ... the sign 'Narodni Podnik' which means National Enterprise." Nearly 100% of industry, wholesale trade and export-import trade, and 80% of shops have been communalized. Although this economic concentration in the hands of the government is capable of generating great power, Communists are finding that compared with the selective precision of private enterprise, nationalized enterprise on such a scale is often a blunt instrument. Thus Rude Pravo, central Communist Party organ, complained recently that so many sieves were being delivered...

Author: /time Magazine | Title: CZECHOSLOVAKIA: Report on the Prisoners | 6/26/1950 | See Source »

Worried by this muddled federal finance and by a partial government import ban designed to save foreign exchange, wealthy citizens began late last year to convert their pesos into dollars for investment in the U.S. This flight of capital was finally halted in February of this year after the U.S. restricted conversion of pesos into dollars by suspending the free convertibility clause of the Philippine Trade Act of 1946. But by then the Philippines' 1945 dollar reserve of $658 million had dropped to $220 million...

Author: /time Magazine | Title: THE PHILIPPINES: Ebb Tide | 6/5/1950 | See Source »

...bankers and Government officials had ever felt reluctant about extending Argentina credit, that feeling had evaporated. At least six U.S. Government agencies-the Departments of State, Commerce and Treasury, EGA, the Federal Reserve Bank and the Export-Import Bank-had rated Argentina a good credit risk. The State Department hoped that this economic assistance might also help to make Argentina a better political risk. But that remained to be seen...

Author: /time Magazine | Title: ARGENTINA: Calculated Risk | 5/22/1950 | See Source »

...from U-235) which might be used more profitably for making plutonium. When questioned about Bacher, Commissioner Henry DeWolf Smyth remarked significantly: "He is a fairly competent man in this field." This is as close as AEC ever comes to giving a straight opinion on a matter of military import...

Author: /time Magazine | Title: Science: Lap of the Possible | 5/22/1950 | See Source »

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