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Until the Communists came along, Russia used to import most of its ideas about...

Author: /time Magazine | Title: Art: Painting behind the Curtain | 11/11/1946 | See Source »

...chorus of U.S. business leaders last week sounded rather like these Gertrude Steinfuls. They flitted portentously around a subject of great import-a national bust. But they too never got down to brass tacks...

Author: /time Magazine | Title: What Goes On Here? | 11/11/1946 | See Source »

...chief reasons for other nations' uneasiness. The British, for instance, claim that they still do not know whether or how much or when the U.S. would be willing to lower its own tariff barriers in exchange for a relaxation of the Empire Preference system and British import restrictions. They know that the U.S. President has powers to slash tariffs as much as 50%, but they imply (as politely as possible) their doubts that Harry Truman could actually do so at the moment...

Author: /time Magazine | Title: ECONOMICS: Translation Trouble | 10/28/1946 | See Source »

Pros & Cons. Shining, new $100 million Volta Redonda ($45 million came from the U.S. Export-Import Bank) still had plenty of "ifs" to it. Important production will not get under way before early next year, and the full output of 750,000 tons of steel per year will not be reached until even later. Volta Redonda's critics claim that the plant is badly placed, that the output will be high-cost. Iron ore must travel south from the rich Minas Geraes deposits over a rickety railroad. Coal comes north from the Santa Catarina mines by an inefficient ship...

Author: /time Magazine | Title: Latin America: Steel | 10/21/1946 | See Source »

...chaos to international trade in the '30s, Fund members have pledged themselves not to make revaluations except to rectify fundamental disequilibriums in their economies. But what is a fundamental disequilibrium? Does it, asked the British, cover "unemployment of a chronic or persistent character" caused by an unfavorable export-import balance...

Author: /time Magazine | Title: BANKING: Doodling & Disequilibrium | 10/14/1946 | See Source »

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