Word: staffords
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Behind these ups & downs in Britain's daily existence were some hard facts of British economic life. They were summarized last week by Sir Stafford Cripps in his "Economy Survey for 1949." The news he had about Britain's great effort toward recovery was as good as anyone had a right to expect; some of it was better...
...Said Sir Stafford's report: "1948 was a year of great and steady progress." Britain is now paying with exports for 90% of her imports. She had reduced her overall trade deficit from ?630 million in 1947 to ?120 million. At year's end, she actually had a small surplus on hand, though, the report warned, it was not certain that the surplus had "come to stay." Within these overall trade figures, however, was Britain's trade with the dollar countries and her chronic dollar shortage. This problem '-Britain's most urgent-had also been...
...Extravagant Wife. Sir Stafford Cripps, Britain's brilliant economic boss, was on hand for the OEEC talks. The U.S. Marshall Planners had told the European nations to get their financial houses in order, and Britain, once threatened with collapse, had done this better than any other. For this success, Sir Stafford praised his own brand of austerity, a controlled system of trade which combined high exports with low imports of consumer goods...
...took Managing Editor Dale Stafford to keep young (26) Schermerhorn from taking a punch at 64-year-old Newsman Bingay. More than one Detroit newsman wished Stafford had not bothered. Big (205 lbs.) Malcolm ("Bing") Bingay is one of Michigan's best known citizens, but hardly one of its best loved. His autobiography is a revealing self-portrait of an editorial egocentric who made good...
...energy, patience, faith and quiet charm that OEEC passed an important milestone-apportionment of U.S. aid among the European nations (TIME, Sept. 20). When Averell Harriman heard of it, he called Marjolin on the telephone and blurted, "Bob, you've done a wonderful job." Britain's Sir Stafford Cripps expressed the same sentiment in a letter...