Word: tradings
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Dates: during 1940-1949
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When his war job was finished, Max Ways became a writer for TIME's new International section. This return to his trade was probably as inevitable as his original decision to become a journalist. His father, Max Ways Sr., city editor of the Baltimore Herald (he gave H. L. Mencken his first reporting job), had advised against it. Said he, with a newsman's directness: "I don't want to influence your decision, but if you ever grow up to be a newspaperman I'll strangle you with my bare hands...
...announced, but Taft indicated the way the wind blew. "I think the Smoot-Hawley rates were too high," he said with masterly understatement. "But I don't think we should reduce rates to a point where American industries would be destroyed." He had voted against the reciprocal trade bills, he said, because he thought they gave the President too much discretion. It was for this discretion that ex-Secretary of State Hull had fought so long & hard, believing that presidential power to adjust tariffs was a prime necessity for the horse-trading required between nations. Hull's underlying...
...That became virtually certain last week when the U.S. State Department turned down a proposal by UNRRA's Fiorello LaGuardia for a $400 million international relief fund to tide the world over the months between UNRRA's end, next Dec. 31, and the resumption of normal trade...
...most significant confession it had ever made of the inadequacy of its state-monopoly trade system, Communist Russia started beating the drums last week for something suspiciously like the profit motive. Pravda proclaimed that the "monopolist" position of state stores was hurting trade and lowering production. It demanded "healthy competition." Andrei Zhdanov, the Politburo's rising spokesman, said that consumer cooperatives must be encouraged. The Kremlin promptly did so, with five capitalistic incentive devices...
Realizing that such beverages would be more desirable in the Carolinas than in the Commonwealth, he pleaded extenuating circumstances, curtailed supplies, and offered reciprocal trade agreements with Canadian Club...