Word: londoners
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Dates: during 1940-1949
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...Wright, who was born in Los Angeles and has spent almost all of his life there (except for a hitch as a U.S. Navy pilot and a TIME correspondent in London) can recall the time when "there was little more than wheatfields beyond Western Avenue." He found that the Los Angeles story was a rediscovery of his hometown. For Ed Rees, a native of Delaware, it was a firsthand discovery. After talking to architects, sociologists, county supervisors, meteorologists, etc. he found that some of his pet theories about...
...word for those Westerners who believed that Communist China would come hat in hand to Washington and London in search of loans; his word was "naive." He predicted that the West would try to lend his government money "because Western capitalists want to make money and bankers need interest to relieve their own crises...
More Austerity? Sir Stafford's system of planned austerity and bilateral deals, under attack at La Muette, had met still graver difficulties in London. A near-panic on London's exchange had sent government bonds plummeting to new lows for the year; in a single week the value of gilt-edged consols (government bonds) dropped by close to ?250 million. Said the London Economist: "The truth is that the crisis which the British did not expect until 1952-and hoped to be prepared for by then-is already upon them...
Cripps had no such intention. His remedy for the crisis was still the same: more austerity and more import cuts. This week he will meet with Dominion Finance Ministers who have been invited to London to discuss ways & means of conserving the sterling area's dollars...
...declined invitations on the grounds of illness if he was to be present. "Bilmanitis" became a Washington gag. When he died last year, the Russians recovered from Bilmanitis. But they well knew that they might have a relapse. While there is no Latvian Government in Exile, Latvian Minister to London Karlis Zarins still holds the extraordinary power to appoint diplomats (granted him by his government just before the Russians took over...