Word: 1920s
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...acute labor shortage hands unions a powerful lever to force management to give ground on wages. European governments hope that labor leaders will consider the overall interests of their national economies and hold demands within limits. German workers, haunted by memories of the worthless inflated marks of the 1920s, already show remarkable restraint, even though they are in one of the tightest of labor markets. The French government is having some success in its campaign to make any wage boost seem unpatriotic. In Britain, Italy and The Netherlands, however, union leaders appear more determined to press their advantage. But even...
...casually their daughters were accustomed to being kissed"; today mothers thank their stars if kissing is all their daughters are accustomed to. It was, nevertheless, a revolution that took nerve, and it was led by the daring few; today's is far more broadly based. In the 1920s, to praise sexual freedom was still outrageous; today sex is simply no longer shocking, in life or literature...
Died. Jack ("Big Gate") Teagarden, 58, jazzman somewhere close to "Chicago," between Dixieland and swing, one of the great trombonists of all time, a lumbering Texan famed since the late 1920s for his staccato, yet melodic instrumental style and a sad, reedy singing voice that made classics of songs of the period (Basin Street Blues), new favorites of old standbys (The St. James Infirmary); of pneumonia and cirrhosis of the liver; in New Orleans...
...annals of international finaglers, first place is still held by Swedish Match King Ivar Kreuger, whose machinations in the 1920s caused hundreds of investors to lose a total of $500 million. The Great Salad Oil Scandal recently set off by pudgy Tino DeAngelis (TIME, Nov. 29 et seq.) stands to cost the banks and companies involved upwards of $100 million - putting DeAngelis second only to Kreuger...
...While he was writing Mr. Dooley, Dunne had been the scourge of Wall Street and all its "malefactors of great wealth." But when fame came his way, Dunne preferred the company of Wall Streeters. When he managed to go broke at the height of the bull market in the 1920s, his well-placed friends bailed him out, and one left him a legacy of half a million. In his memoirs, Dunne describes how he pushed Harding for the presidency for no better reason than that he looked like a President and had a noble handshake...