Word: rates
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Dates: during 1940-1949
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Even outside the conference hall, there was no companionship between the factions, and no gaiety. Most delegates had modest accommodations in second-rate hotels (France's Daniel Mayer shared his room with four colleagues). Only the Rumanian delegate, Serban Voina, had a room in Zurich's best hotel, the lovely, luxurious Baur-au-Lac, whose terraces descend gently to Lake Zurich. Nevertheless, Zurich looked like another Eden to the delegates from poor, hungry countries. Said France's Salomon Grumback: "This city is so clean, you almost become dizzy...
...tenth. By official statistics, Finnish taxes are almost seven times higher than in 1935. In the U.S. meaning of the word, almost all Finns are workers. The country has exactly 100 people with annual incomes of as much as 1,000,000 Finnmarks-$7,352 at the official rate of exchange. For workers, the cost of living has risen 4½ times over 1935's - not considering stratospheric black market prices; a kilo of butter (28 marks in 1939) now brings 600 to 1,000 marks...
Record Low. For the first time in their history, life insurance companies made less than 3% on their investments in 1946. So the Institute of Life Insurance announced last week. The earning rate was 2.92%, compared with 3.07% in 1945, 3.61% in 1940, 5.25% in 1925. The decline, said the Institute, is the reason the cost of life insurance has increased in the last 15 years despite lower death rates among policy holders...
Author Burns is at his best when remembering the shapes, sounds and smells of Naples, Algiers and Casablanca. His sections dealing with Naples' huge VD hospital and an evening spent in a homosexuals' hangout are first-rate. But too much of the best writing is descriptive reporting that does little to advance Gallery as a novel. Characters, good & bad, are used to prove a point or to support an emotional stand. With all its unevenness, Gallery shows more promise than most U.S. novels of World War II. But like many soldiers who came back itching to write...
...moment, the world can use loans and relief money from the U.S. to help pay for American exports which cannot be swapped for imports. All told, the loans and relief will swell the $7.6 billion from U.S. imports to nearly $14 billion. Thus, at the present rate, the net export-import deficit of foreign nations which will have to be made up from hoarded savings will be between $4 and $5 billion. That is nearly one-quarter of the $20 billion in gold and U.S. dollars held in the world outside...