Word: sums
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Dates: during 1940-1949
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Rising from his labors at Bretton Woods last July, England's Lord Keynes challenged the critics of the Keynes-White plan (for an international Fund and Bank - TIME, July 31). Said he, in sum, the critics must do more than criticize; they must show a better program. Last week W. Randolph Burgess, vice chairman of the National City Bank of New York, accepting the presidency of the American Bankers Association, accepted the challenge. Banker Burgess may have been disturbed by U.S. bankers' criticisms of the Bretton Woods plan - which in general have not offered a constructive substitute...
...Rumania was a comparatively rich country, Finland a comparatively poor one. Reparations (payable in six years) had dropped from the $600 million the Russians demanded last spring to $300 million. The cut was little more than a bookkeeping bow to common sense: Finland would pay the smaller sum, could scarcely hope to pay the bigger one without national bankruptcy. As it was, the yearly reparations payment, payable in kind, not cash, would take from the Finns about half of their total prewar yearly export to Europe and the U.S. In effect, this made Finland an economic colony of Russia, which...
...truculent frown. Waxey denied any financial interest in the two companies; explained carefully that he had no funds, that he had not worked regularly since 1933, that he lived on the kindness of friends. He had good reason to insist on his insolvency-Waxey owes the Government the fabulous sum of $3,000,000 on income-tax frauds, which he is paying off at the rate of $6 a week...
...such problems as tariff barriers, imperial preference, export subsidies, bulk purchasing and regional currency arrangements. . . . We must be prepared to effect substantial reductions in our tariff rates." But then, he said, the U.S. must also be prepared to hand Britain a "grant-in-aid" to stabilize the pound. "The sum may be large," said Banker Aldrich dreamily. The U.S. must also open its purse wide, through the Export-Import Bank, to borrowers from all the nations of the world. How much would this amount to? Banker Aldrich did not specify...
...command rated it; Ike Eisenhower knew it had been earned. The victory had been, in great part, a triumph of Bradley's bold tactics. The Eisenhower report did not touch upon anything so touchy as individual credits. Allied teamwork was its theme; and the victory had been, in sum, one of Allied strategy. But the jewel had facets which reflected historic brilliance upon U.S. arms and U.S. generalship...