Word: plans
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Dates: during 1940-1949
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Professor Smithies believes Britain can reap most of the devaluation benefits, but he isn't quite sure how much good will result. "We can't be certain Britain will be economically independent of the United States when the Marshall Plan ends in 1952," Smithies says, "but the important thing is that progress can now be made...
...British action will depend on the United States. The fundamental cause of Britain's and Europe's dollar deficits "lies in our short-run economic instability and our long run tendency to outstrip others in production." The remedy here, Professor Williams feels, may be President Truman's "Point Four" plan to build up undeveloped regions through export of American technology and skill. "And we must preserve stability at home if we really want to achieve a world balance by some other means than the expenditure of our own taxpayers' money...
...offer for such a pact over Germany three years ago. The atomic-ban talk, as Britain's Ernie Bevin bluntly put it, was stupid; again & again, the U.S. had proposed genuine international control by a U.N. atomic-energy commission, and a vast Assembly majority approved the U.S.-backed plan (TIME, Dec. 20). But the Russians, while piously asking all nations to take the pledge and outlaw atomic weapons, 1) insisted that the U.S. chuck its whole stockpile before anything further was done about control; 2) flatly rejected a stringent system of international inspection...
...every other farm product in the book (TIME, April 18). With the Hope-Aiken Act set to function in 1950, providing for a lower and more flexible level of price supports, he has advanced a counterplan to commit Agriculture to a permanent policy of high price pegs. The Brannan plan brushes aside any idea of a gradual reduction of price props, and substitutes much higher support prices pegged to an "income support standard." This would guarantee farmers an income as fat as the one they have enjoyed in the past ten years, with little thought for non-farmers who must...
Construction of an elaborate system of traffic islands and blinker lights began yesterday in Harvard Square and promises to create bedlam for the next two weeks. the new lights and islands will implement the city's plan to turn the Square into a rotary traffic circle, a plan that is now being given a 30-day experimental trial. Success of the whole plan hinges on the ability of large trucks and trackless trolleys coming into the square from the Central square end of Mass. Avenue to negotiate the sharp turn around the subway kiosk...