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Ottawa gave one more small sign last week that it could be moved. With cabbage selling (where it could be found) at an average of 15? a lb., Doug Abbott lifted the import ban, took steps to bring the price down...

Author: /time Magazine | Title: Canada: THE DOMINION: Price War | 2/9/1948 | See Source »

...France Dimanche is equally violent. Every week it hits 565,000 Frenchmen in the eyes with Corre's "American-style journalism." He was among the first to import American tricks: crack rewrite-men sharpen his news, splashy pictures-occasionally nudes-and sassy headlines decorate it, personality angles and impious gibes at national heroes help sell it. And a racy Gallic sauce-far hotter than anything U.S. tabloids dare dish out-flavors it. For balance-or to confuse the reader-Corre has printed Steinbeck on Russia, and serialized such books as Mr. Adam...

Author: /time Magazine | Title: The Press: Where Is the Tra-La-Lo? | 2/9/1948 | See Source »

After long talks, Rene Mayer made one concession in the final plan he announced at week's end: France would permit no open trading in the pound. But it still might be possible for dollar-holders (e.g., U.S. traders who import from Britain) to buy francs on the open market, use them to get sterling credit at the official rate through a French agent-in effect, getting a pound for about $3. The British feared that dollars would be diverted from Britain to France, that Britain's booming export trade would bring in fewer dollars than Cripps...

Author: /time Magazine | Title: ECONOMICS: Pleasant & Unpleasant | 2/2/1948 | See Source »

Except for the assurance that France would try to stop cheapening of the pound, the French went ahead with the" Mayer plan. They pegged the "official franc" at about 214 to the dollar for use in the export-import trade, planned to set up a free market for trading in dollars...

Author: /time Magazine | Title: ECONOMICS: Pleasant & Unpleasant | 2/2/1948 | See Source »

...futures was resumed for the first time since 1941, the price fell to a low of 3.63? a lb. (Last August the world spot price had been 8.5?.) The big fall was due to prospects of a huge crop in Cuba, little buying by Europe and a 1948 U.S. import quota smaller than Cuba had hoped for. In a few months, after U.S. refiners had used up their stocks, the drop would bring down retail prices...

Author: /time Magazine | Title: Facts & Figures, Jan. 26, 1948 | 1/26/1948 | See Source »

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