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...last week when the Japanese-French agreement on Indo-China forced U. S. action. There was nothing sensational about Secretary Hull's condemnation of the deal. Nor was it exceptional news when, two days later, Jesse Jones announced an Export-Import Bank loan of $25,000,000 to stabilize Chinese currency-for weeks Financier T. V. Soong has haunted Washington, working for a $100,000,000 loan. There was nothing out of the ordinary when President Roosevelt next decreed a complete embargo on shipments of scrap iron and steel to Japan. In the midst of these moves, whose only...

Author: /time Magazine | Title: FOREIGN RELATIONS: The Masks Drops | 10/7/1940 | See Source »

...critic who has just been appointed visiting lecturer, will be a valuable addition to Harvard's topnotch Slavic department. But his presence here raises two pertinent questions: (1) If Professor Ernest J. Simmons' appointment was terminated last year as an economy move, how can the University afford to import an expert to fill his shoes? And (2), since Slavic scholars don't grow on trees, what would have happened to the department if Professor Lednicki hadn't happened to be available...

Author: NO WRITER ATTRIBUTED | Title: IT'S ALL SLAVIC TO ME | 10/1/1940 | See Source »

...English by blue-penciling everything he could not understand. Deleting the word "dyestuffs" from a list of products Russia could take from Germany, he explained: "Foodstuffs mean stuff for food and dyestuffs mean stuff for dying. I am not going to pass an insinuation that the Soviets will import poison gases from Germany." "Secretaryship of the Comintern" was suppressed on the ground that the Comintern had no Navy. A reference to the "Baltic Division of the Foreign Office" was censored because "there are no Soviet troops in the Baltic now-not even a battalion, let alone a division...

Author: /time Magazine | Title: RUSSIA: Foreign Correspondent | 9/23/1940 | See Source »

...such comparisons conveyed the full import of the protective chain which the U. S. acquired. Their real value is to complete a U. S. defensive ring around the Caribbean and provide real outposts against attack from the Atlantic. But the biggest all-over value is preventive: however useful the new bases are to the U. S. they would be even more useful to any enemy who got them first. Military men all agreed that without some of the bases which the British last week placed at U. S. disposal, no enemy could successfully invade the U. S. from the Atlantic...

Author: /time Magazine | Title: STRATEGY: What the Bases Mean | 9/16/1940 | See Source »

...turfmen, the arrival of Bahram was big news. But bigger still was the news that his new owners were not the Wideners, Woodwards and Whitneys who usually import great European stallions, but a syndicate of four young men, all under 35: Alfred Gwynne Vanderbilt, Sylvester Labrot Jr., James Cox Brady Jr. and Walter P. Chrysler Jr. Alfred Vanderbilt is no tyro at either raising or racing thoroughbreds. Six years ago, on his 21st birthday, he inherited his mother's magnificent stud farm and racing stable, invested half a million or more in Pimlico and Belmont Park race tracks...

Author: /time Magazine | Title: Sport: Great Blood | 9/2/1940 | See Source »

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