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...bank would be expected to call for some readjustment. One readjustment might be an attempt to revalue such a country's currency in terms of gold and the bancor unit. A revision downward would make it easier for the debtor country to export, more difficult for it to import...

Author: /time Magazine | Title: TRADE: Bank of the World | 4/5/1943 | See Source »

...scheming to bring the world to its doorstep. Chambers of Commerce talk less these days of tariffs than of air transport. The beginnings of debate over "freedom of the air," the realization that all the world's air is navigable, brought the Midwest a discovery of great local import: its inland cities are, geographically, the logical U.S. "ports" for the world's sky traffic. This month three great Midwestern cities were hard at work on plans for these world ports of the future...

Author: /time Magazine | Title: AVIATION: Tale of Three Cities | 3/22/1943 | See Source »

...this came about quite naturally. The outbreak of war cut off Europe's wine supply, left the import divisions of most U.S. distillers with a crack sales and distributing setup but nothing to do. So the distillers began switching to domestic wines, bought wineries outright because it was far cheaper than starting from scratch. Then last August WPB stopped all whiskey production, ordered the distillers to convert to war alcohol (TIME, Sept. 14). The distillers looked over their whiskey stocks, discovered they had 480,000,000 bbl., enough to last only two years unless the U.S. stops drinking...

Author: /time Magazine | Title: LIQUOR: California Invasion | 2/8/1943 | See Source »

...remedies for labor shortages Elder Statesman Hoover called for the import of Mexicans, stopping the draft of farm workers, furloughs for farm-bred soldiers during harvests. Prices must be high enough to encourage production; vaguely, he added, retail ceilings should be abandoned in favor of fixed prices "as near the farm as possible...

Author: /time Magazine | Title: FOOD: Hard Facts | 2/1/1943 | See Source »

...northern end of the front, where the Germans had held on stubbornly against subArctic weather that distressed even the acclimated Russians, the victory announced by Moscow could be of vital import. Near Schlüsselburg runs a railroad to Moscow and beyond. To the west, less than 30 miles, are more routes to the south. If these are retaken, the Russians will re-establish direct communications along their whole line...

Author: /time Magazine | Title: World Battlefronts: BATTLE OF RUSSIA: The Beginning of Disaster? | 1/25/1943 | See Source »

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