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...friends. To Secretary Morgenthau the luncheon planned as a possible council of war had become purely a social occasion. Attorney General Cummings and Senator Robinson came to join the White House jubilation. An official bulletin said: "The President is gratified by the decisions." To the New Deal, however, the import of those opinions may yet have significance...
Since the U. S. import duty on foreign cars was cut to 10%, Germany's swanker cars bought with blocked marks have begun to tempt U. S. socialites who have been buying their big Diesel yachts in Germany for years. Thus in 1929 the highest-priced Mercedes chassis cost $15,500 in Manhattan, costs but $8,000 today...
Kirsten Flagstad, 38, a new import from Norway, whose first Isolde won reams of praise last week. Critic Lawrence Gilman of the Herald Tribune called her performance "one of the rarest of our time." Even Mrs. Cornelius Vanderbilt stood in her box and cheered...
While Ambassador Bullitt was storming the Kremlin, the State Department was dickering in Washington with new Red Ambassador Alexander Troyanovsky. Hopefully President Roosevelt, under NIRA, set up the Export-Import Bank to finance U. S. exports to Russia. That move served to convince J. Stalin & Co. that they had F. D. Roosevelt & Co. where they wanted them. Russia's morale in the negotiations stiffened. Ambassador Troyanovsky talked loudly of Soviet counterclaims. What about the damage done to Bolsheviks by the U. S. soldiers President Woodrow Wilson sent intervening into Russia after...
...mere news that the Administration was even considering such a change caused most of last week's gyrations in the foreign exchange market. The big Manhattan banks dared not buy foreign metal and thus hold the price of dollars at the gold-import point. Profit margins on gold imports spread to fabulous proportions but no bank would risk a 41% loss while the coin or bullion was crossing the seas...