Word: postwar
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Dates: during 1950-1959
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...papers that carried no mark of party affiliations but simply the names of their parliamentary candidates in 630 local constituencies, the voters of the British Isles last week gave Maurice Harold Macmillan, 65, a smashing personal triumph in one of the most decisive and significant political battles of the postwar era. Macmillan had led his party to its third straight victory and doubled its majority in the House of Commons, a feat without parallel in the annals of British politics. Overcoming a slashing Labor Party challenge, he had won his own mandate to rule Britain for the next five years...
Richard Austen Butler, 56, Home Secretary and Leader of the House of Commons. Top Tory thinker and the man who oversaw the party's postwar shift to "the New Conservatism," i.e., free enterprise heavily tempered by welfare statism, "Rab" Butler is distrusted by many fellow Tories for reasons ranging from his barbed wit to his prewar identification with Neville Chamberlain's appeasement. Although he remains the No. 2 man in the party, Butler may well be too old for the job the next time the Tories come to choose a new Prime Minister, and there is considerable question...
Dollar Discrimination. One policy that Anderson wants changed promptly is the discrimination by European nations against dollar imports. Such restrictions may have been necessary in the early postwar years, when these countries had a shortage of dollars. But now, said Anderson, prosperous European nations with big stocks of gold and short-term dollar assets (see chart) no longer "have any balance-of-payments justification for discriminatory restrictions." Unless Europe cooperates by eliminating such restrictions, Anderson hinted, the U.S. may have to take action-perhaps a cut in foreign aid-to correct the balance...
Britain's postwar prosperity has spawned a new breed of high-flying financiers: the take-over men. As they took over one company after another, the stocks often soared dizzily, and they raked in fat profits. The British government paid little attention to the raiders until the stocks controlled by one of the biggest, H. Jasper & Co., collapsed, and trading of the shares in 15 Jasper companies was stopped. Last week the British government launched a full-scale investigation into where Jasper got his money and how he built his empire...
...mature economy in the '30s, Slichter forecast the growth of the '40s. When his colleagues prepared for a depression to follow World War II, Slichter predicted the boom. Trained as a labor economist, Slichter never let his bias warp his judgment, ruffled labor leaders by labeling the postwar economy "laboristic," recommending stronger laws against picket line abuses...