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After four months of debate the Allied Control Council laid the cornerstone of Germany's future economy: Germany will be allowed a maximum production of 5,800,000 tons of steel a year, about 25% of the prewar level. The figure was a compromise among the Big Four, much closer to the original Russian figure (3 million tons) than to the British (12 million...

Author: /time Magazine | Title: ECONOMICS: Cornerstone of Steel | 1/21/1946 | See Source »

Yale, Princeton, Dartmouth, and Brown are on the 1946 schedule, but even these games have undergone alterations from prewar memories, The Dartmouth contest, moved out of its traditional early season spot to a position before the Brown and Yale encounters (which remain the last two games to the list), will be played at Hanover for the first time in the history of the series...

Author: NO WRITER ATTRIBUTED | Title: '46 Eleven to Face Purple, Blue, Green, and Orange | 1/18/1946 | See Source »

...Shopkeeper Bloch had put up a sign: "This firm has closed its doors because it cannot get goods at proper prices. Rather than go to the black market, we retire temporarily from business." Just before Christmas he put up a new sign: "We open Jan. 2. All goods at prewar prices until we are sold out. . . . Please buy as little as you can-think of others...

Author: /time Magazine | Title: ITALY: Frustration | 1/14/1946 | See Source »

This year, from Stuart to Key West and around the Keys to Shark River on the Gulf, some 300 swivel-seated, outriggered fishing boats, some fresh from Coast Guard duty, are regaining their prewar business. Boat rentals are up from $40 to $60 a day. Most boats carry four fishermen, a captain and mate; the best are comfortable cabin boats. For the opening of the 99-day Metropolitan Miami Fishing Tournament this week, all Miami-berthed boats are duty-bound to parade, with flags flying, down Biscayne...

Author: /time Magazine | Title: Sport: Landlubber's Luck | 1/14/1946 | See Source »

Mexico is such a lively vacation center that tourism, at $50,000,000 a year, is the country's fourth largest industry. During the war, Mexico got a share of the fancy carriage trade which once dawdled along the Riviera. Now the prewar, wholesome, camera-slung gringo is driving down the splendid 750-mile highway from Laredo, Tex. to Mexico City, to find that spiraling inflation has changed the land of cheap living he remembered. Nightclubs charge a $6 minimum, simple lunches cost...

Author: /time Magazine | Title: THE HEMISPHERE: Playtime | 1/7/1946 | See Source »

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