Word: tradings
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Dates: during 1940-1949
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...harsh remedy of Britain's pound devaluation was beginning to take effect last week. The patients did not like it. Throughout the world, industry faced the fact that in the fight for foreign trade it would now have to compete for all it was worth with cheaper British goods. French Finance Minister Maurice Petsche proposed a Western European trade bloc to meet what he called British "commercial warfare...
...loudest cries of pain were heard in Britain itself. The government last week raised the price of nonferrous metals and of such humble objects as pots & pans. The first predictions of a 5% cost-of-liv-ing rise shot up to 10%. The trade unions were having Sir Stafford Cripps on the carpet, demanding wage boosts. The Tories charged that devaluation could have been avoided but for the Socialist government's mismanagement; Laborites replied that it was not so, asserted that they had devalued rather than cut Britain's welfare program and permit unemployment. Said one Labor leader...
With Foreign Secretary Ernest Bevin also in Switzerland for a rest cure, Prime Minister Clement Attlee was left alone to face Britain's mounting economic crisis. By the beginning of August, world confidence in the pound had fallen dangerously. Attlee sent Board of Trade President Harold Wilson to Switzerland to consult with Bevin and Cripps. Attlee felt a decision could no longer be postponed. Cripps was still against devaluation...
...Russians are producing plutonium, they have really learned the atomic trade, perhaps with the help of German scientists. Once they accumulated enough fissionable material (U-235 or plutonium), it should not have been hard to make an atomic bomb. In quantities below a certain amount (the "critical mass," sometimes estimated at around 26 lbs.), neither material will explode. But when two such masses are brought together, forming more than a "critical mass," they explode spontaneously...
Names of 16 Labor Fellows, chosen by their unions to study here under the Trade Union Fellowship Program, were announced last night by the University. Selected on the basis of leadership and devotion to the labor movement, the men will take a series of courses for 13 weeks, financed jointly by the University and by the unions...