Word: yen
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...months ago, Marshal Yen Hsi-shan, commander of besieged Taiyuan, kept 500 vials of poison in his office, swearing that he and his staff would kill themselves if the Communists took the city (TIME, Nov. 15). Last week the Reds held Taiyuan and the Marshal, unpoisoned and unbowed, was Premier of China...
...slacks and a Hawaiian blouse, who yelled into a microphone: "He's too old for the job." Shocked oldsters came to Chu Cheng's defense. Said one: "Chu Cheng can still climb the hundreds of stone steps leading up to Chungking." The argument availed nothing. When Marshal Yen's name was submitted, a legislator said: "The Kuomintang has scraped the bottom of the barrel...
...average wage-earner has plenty to be melancholy about at home. He struggles desperately with the inflated cost of living. At official prices an average belt for a man costs 800 yen, a hat 2,000 yen, a pair of shoes 1,500 yen, a suit 4,000 yen. The black-market prices are twice as high, but if a Japanese boycotts the black market he will need a year and a half to accumulate the tickets necessary to buy a suit on his ration card...
...Detroit, to help MacArthur get the program started. Last week Troubleshooter Dodge was packing to go home, his mission accomplished. In a busy three months he had persuaded Premier Shigeru Yoshida's government to balance its budget (for the first time since 1931) and set up a realistic yen rate (360 to $1 U.S.). In return for the national belt-tightening that this signified, the Japanese would receive U.S. aid (around $4,000,000 in 1949) along self-helping ECA lines...
...Stratton Story (M-G-M), in real life, began back in the 19303 when Monty Stratton, a Texas farm boy, got an irresistible yen for professional baseball. By 1938 Monty had become an ace pitcher for the Chicago White Sox. In the same year, as the result of a hunting accident, he lost his right leg and (so the sport world thought) all chance for a future in professional baseball. But Monty had courage as well as a good right arm. Bolstered by thousands of fan letters and an artificial leg, he fought his way back to the mound...