Word: socialist
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Dates: during 1950-1959
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...index is based on the Paris price of 213 commodities which include tennis balls, long underwear and iron stewpots, but do not include gasoline or green vegetables (up 33% in the past year). Seventeen times in the past ten months, as the index trembled toward 149.1, white-goateed Socialist Ramadier forced it down by devices ranging from a 20% slash in the Paris price of government-owned cooking gas to abolition of the tax which Parisians pay for street cleaning and trash collection...
Half Frozen. The usual remedies for such difficulties are to cut expenditures or raise taxes. Instead the Socialist government has chosen an easy way to manage its debts. Two weeks ago, to help finance oil imports, a group of French banks negotiated a $100 million loan from a U.S. syndicate headed by Chase Manhattan Bank. Last week Ramadier himself introduced a $285 million government bond issue on terms so generous that it will cost the government $20 million a year in interest and bonuses, and investors lucky enough to hold the first bonds retired stand to earn...
...Leader. The political story is that as members of the French Union, the interested tribesmen and traders of Mauritania elect one representative to the French National Assembly in Paris. Ten years ago Mauritania sent to Paris, on the Socialist ticket, an olive-skinned, white-haired Moslem politician named Horma Quid Babana. In last year's general election Quid Babana lost his seat to a hated rival, whose election he tried to invalidate. Failing to secure a patronage job as district tax collector in France, he became violently anti-French and joined the "Cairo" movement. Recently Ould Babana turned...
Native Springs. Before the native springs of American radicalism were drained into the stagnant pool of the Communist Party, there were generations of hedging and ditching. Engels sadly noted that Americans were "practical" but tremendously backward in "theory." At first the Socialist movement in the U.S. was largely staffed by immigrants who had a sharper taste for theory, and the Socialist Labor Party of North America would have remained a "small, moribund, foreign-language sect" had not practical, native forces been stirring...
Born in 1894 near Naples, Fraina was selling newspapers on Manhattan's Bowery at the age of six; he was a professional Socialist organizer at 15, at 20 a veteran "theoretician." On Sept. 1, 1919 the first convention of the Communist Party of America, in a little building in Chicago called "Smolny" (after the first GHQ of the Russian Soviets), elected Fraina its first International Secretary. He echoed Lenin's words-the new party must be a party of action. Yet within three years Fraina was out of the C.P.. was later hounded by false charges...