Word: ten
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Dates: during 1940-1949
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This week Soviet citizens with unbanked rubles were required to exchange them for new money at the rate of ten old rubles for one new. By contrast, those who had banked their money got one for one on the first 3,000, two for three on the next 7,000, one for two on all above. The holders of government bonds were harder hit. They will get new bonds at one new ruble for three...
...ordinary Russian, however, the new price system has a bright counterpart. Wages were to remain the same in new rubles as in the old. But bread would be cheaper by 12%, cereals by ten, and most other foods remain unchanged from their previous lowest levels. Because citizens whose prices would be cut greatly outnumbered those with unbanked hoards, there was more jubilation than grief in Russia at the Zhdanov decree...
...sites occupied temporarily during the war, almost all had been restored. The remaining 14-fighter strips and radar outposts-would give the Panama Canal adequate defense in an air age. One of the fields, Rió Hato, would be built into a $25,000,000 bomber base, under a ten-year lease that could be renewed for a further ten years. Conceivably, with Panama defenses stabilized, the U.S. might now proceed to build a sea-level canal-if Congress had a billion dollars to spare...
This week, as the Young Sage turned 56, educators in China's 148 universities, colleges and technical schools debated Hu's controversial new "ten-year plan" for Chinese higher education...
...still on the razor's edge. Inflation has reduced professors' salaries to $30 (U.S.) a month. The typical student diet: wo ton (millet, cornmeal and water). Laboratories and libraries have never recovered from Japanese ravages; for one history class, Peking has only three textbooks. For the next ten years, Chancellor Hu says, China ought to concentrate all her scholars, dollars and energies on five (or at most ten) select universities. To presidents of the 138 lesser colleges, Hu's plan looks like merger or death. It has already been opposed by officials of Chiang Kai-shek...