Word: sopped
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Dates: during 1950-1959
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Cash & Concessions. While this normal fretwork of the politicians went on, the general himself calmly busied himself with the here and now. To supply the government with ready cash, and to sop up excess purchasing power, wispy Fi put on sale 3.5% tax-free government bonds, which as a hedge against inflation will be pegged to the market value of the gold napoleon (last week 3.600 francs). While De Gaulle appealed to patriotism in launching the loan. Pinay remembered the practical side. In the hope of attracting urgently needed foreign exchange, Pinay was even prepared to let Frenchmen...
...more frustrating at a press conference than an official who refuses to talk-unless it is newsmen who refuse to listen. During his visit to Cambodia last week, France's Foreign Minister Christian Pineau met with Cambodian newsmen, but refused to talk to foreign correspondents.* As a sop, Pineau set up a conference for U.S., British, Chinese and other foreign newsmen with Quai d'Orsay Asia Bureau Chief Pierre Millet. Simmering, the shunned newsmen waited until Millet entered the door, then stalked out. The only stay-behinds: Anatoly Kurov of Moscow's New Times and Russian Press...
...private ownership in 1953. But the policy that Gaitskell says must "supersede" the old way is a vague threat to authorize the state "to extend public ownership in any industry or part of industry which . . . is found to be seriously failing the nation." Presumably even this was a sop to the Bevanites on the study group that prepared party doctrine. For instead of nationalization Gaitskell now favors a weird plan for the government to get part way into private business. He would have the government acquire shares in some or all of the 512 firms with assets...
...entrust their future to. Though he lasted 23 months as Premier of the Soviet Union. Malenkov lasted only 16 days as First Secretary of the party, the crucial job Stalin willed him. Next in line after Malenkov in the hierarchy was Beria (who was quickly liquidated, a sop to popular anti-Stalin feeling, as much as for the crimes he had committed). Then came Molotov, Kaganovich, Mikoyan...
...tung's "secret" speeches (TIME, May 27, June 24), Red China decided to publish one of them to get the European comrades off the hook. "The author," noted the New China News Agency gravely, "has gone over the text and made certain additions." Among the additions, as a sop to Moscow, was the phrase, "We do not think other countries must follow the Chinese way." And among the tactful deletions was Mao's admission that the Reds had liquidated 800,000 Chinese...