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...Churchill began by asking if the Labor Party really wished to follow Prof. John. Maynard Keynes' policy of a managed currency (TIME, Apr. 6, BUSINESS). If so, he taunted, it was possible for His Majesty's Government to cut the value of wages in half by inflation, or for a Labor Government to liquidate all private property by the same means. Inflation, he said, was equivalent to a grocer juggling with his weights and measures...

Author: /time Magazine | Title: British Commonwealth of Nations: Parliament's Week: Aug. 17, 1925 | 8/17/1925 | See Source »

...procedure for an Institute of Intellectual Cooperation, which is soon to be opened at Paris. Professor Sir Gilbert Murray, in the absence of M. Bergson, ill, was in the chair. Among those present: Senator Henri de Jouvenal (France), Dr. Vernon Kellogg of the National Research Council (U. S.), Prof. Albert Einstein (Germany), Senator Ruffini (Italy), Prof. Gonzague de Reynold (Switzerland), M. Destree (Belgium), Dr. Casares (Spain), Prof. de Halecki (Poland), ex-Premier Buero (Uruguay), Dr. Gastro (Brazil...

Author: /time Magazine | Title: THE LEAGUE OF NATIONS: Intellectual Cooperation | 8/10/1925 | See Source »

...nomination of Prof. Einstein, Prof. Schultze-Gavernitz of Freiburg University, Baden, was appointed Chief of the Secton of Sciences at the Institute. He thus became the first German to hold a position under the League. A number of other appointments were made...

Author: /time Magazine | Title: THE LEAGUE OF NATIONS: Intellectual Cooperation | 8/10/1925 | See Source »

...Said Prof. William E. Wild, onetime Professor of Economics at Christian College, Allahabad, India...

Author: /time Magazine | Title: POLITICAL NOTES: Ford Speaks | 7/27/1925 | See Source »

...Poison gas invented, by Prof. W. Le Lewis of Northwestern University while chief of the Defense Division of the A.E.F. Gas Service. Perfected late in the War, Lewisite never saw active service. Shells containing it are said to have been buried deep underground after the Armistice, tanksfull towed to sea and sunk. It is said to be so deadly that a relatively small amount would devastate a large area, making it worthless for crop cultivation for ten years...

Author: /time Magazine | Title: Science: Lewisite | 7/20/1925 | See Source »

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