Word: yen
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Most little girls get over the nursing craze about the time their brothers lose the yen to drive locomotives or airplanes. When they are old enough to go into nursing school, most of them are looking for something more glamorous. "There's no glamour in nursing," says a nursing chief in Houston. "The girls have to come into it with a spirit of dedication, and enjoy it because it's a tough job well done." One-third of all U.S. student nurses drop out without finishing the course, many of them because they find it too tough...
...days gone by," recalls clean-shaven Professor Sato, "a [Japanese] professor wore a fine mustache, carried a cane, and commuted directly from the geisha house to the classroom in a jinricksha . . . Now, after 31 years of teaching. I return home with a monthly salary of 36,150 yen [$100]. I give the envelope to my wife . . . Usually, this sort of conversation ensues...
...Sato: Is it true that your friend Mr. H. (managing director of a business firm) receives a bonus of 1,500,000 yen...
...last week, frock-coated Emperor Hirohito pleaded for taibo seikatsu-austerity living. Two days later, foxy old Premier Shigeru Yoshida explained what the austerity is for: to check Japan's ominous inflation, and, by stern cuts in government civil spending, to make room in Yoshida's trillion-yen ($2,780,000,000) budget for Japan's burgeoning rearmament...
...ordered government departments to trim their budgets. But Japan's growing defense forces will make heavy demands on the treasury. So will the severe rice shortage resulting from Japan's recent floods (TIME, Oct. 12). Yoshida's 1954 budget, announced last week, totals 994.3 billion yen ($2.76 billion), which is 32 billion yen less than actual expenditures last year. But-significantly-the new figure is 33.8 billion yen higher than the original 1953 budget estimates. Despite the urgent need to halt inflation, Japan will probably spend more money this year than last...