Word: tradings
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Dates: during 1940-1949
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...familiar phenomenon-the yawning "dollar gap," i.e., the fact that Britain, like most of the rest of the world, spends more dollars than it earns in the U.S. The British have tried to meet the situation by more production, increased exports, by cutting dollar expenditures, and rigging bilateral trade deals with nondollar countries. The chief trouble (in U.S. eyes) is that the British are poor salesmen, do not adapt their products to what is wanted in the U.S. and have prices which are far too high for the briskly competitive dollar market...
Washington believes there is only one way out for Britain-she must scrap her restrictive bilateral trade policies, produce more cheaply, and compete for all she is worth. That would mean a revolution of sorts in British industry and a sharp reduction in some of Labor's pet projects. It would also require efficient redeployment of British workers to industries where they are needed most; that would cause temporary unemployment. The hard fact is that Britain cannot whip herself into trim competitive shape without at least temporarily lowering her standard of living...
When the Communists seized Shanghai, the world wondered how its new masters would cope with the city's violent melee of crowds and commerce, swept together from east & west by winds of empire, trade and war. From Shanghai last week, TIME Correspondent Robert Doyle cabled...
...Frugal City. The Communist plan fell into several stages. Decentralization would not only move out "nonproducers" but shift factories to the interior, where they would be closer to food, raw materials and coal. What remained of Shanghai would be turned "inward," i.e., weaned away from dependence upon foreign trade...
...Hard Work." The government called out army units to maintain order. The Social Democratic Central Organization of Trade Unions ordered all its member unions to stop their strikes or be expelled. Chief strategist of Finland's courageous defense against the Red assault was a brilliant, little-known Socialist named Unto Varjonen. He is a minister-without-portfolio, but Finns know that his specific job is to fight Communists...