Word: leveller
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Dates: during 1940-1949
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Nevertheless, there was general optimism then. The basis for it was the belief that the balloon would soon level off and that it would finally land, on higher ground than it had rested on before the war, but in a stable position nevertheless. But last week, despite all sorts of order-shouting and lever-jerking, prices were still going up like the balloon that carried Aeronaut Ira Thurston out over Lake Erie...
Prewar, Europe's not-too-healthy economy was partly sustained by the flow of such eastern products westward in exchange for machinery and manufactured goods which Russia is in no position to supply. Continued Soviet draining would plunge European living standards still farther, even below the Russian level of life, which has been described as a permanent economic depression...
...other question provoked such strong feeling among the authors. Dos Passos declared he wanted no part of Hollywood, bluntly accused it of "trashifying literature." Along with Hollywood he lumped "the best-seller system and the book clubs which tend to standardize reading tastes on a mediocre level. Writers go to Hollywood thinking they can improve the medium. They can't. The medium destroys them. The compromise always works to their detriment. This is particularly bad for talented young writers who can't resist Hollywood gold at a time when they would normally be struggling along on a shoestring...
...Clay, superseding Joint Chiefs of Staff Directive 1067 (which had directed the U.S. commander to take "no steps looking toward the economic rehabilitation of Germany . . ."). The new directive said: "An orderly, prosperous Europe requires the economic contributions of a stable and productive Germany." The U.S. suggested that the permissible level of industry in Western Germany be raised by boosting steel production from 5.8 to 12 million tons a year...
This was the first ripple to disturb the smooth flow of the tea trade since 1942, when the Japanese overran 35% of the world's sources. Tea still came from India and Ceylon. Though supply was short, the Allies froze prices at the 1942 level (while coffee prices rose 68%, cocoa...