Word: counters
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Dates: during 1940-1949
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Each army has the same problem: to hold a 2,000-mile front with sufficient forces everywhere yet find the troops to concentrate for its own purposes and to counter enemy concentrations. On such a front the whereabouts of ever-shifting air and tank formations and the availability of concealed reserves may mean more than the relative bulk of the forces routinely assigned to a sector. If, as the Germans reported last week, the Russians are moving reinforcements into the sector between Orel and Kharkov for a summer blow, the kind and quality, rather than the size, of the forces...
...Carlton, he always stops to make a few jokes with the girl at the cigar counter. Then he takes on the long round of visitors and telephone calls. (It is not unusual for three Administration czars, the White House, a horse owner and a suppliant hostess to phone him, all inside 20 minutes.) The sound of a buzzer, announcing a new caller, is stimulating to Bernie Baruch. He adjusts his hearing device, turns the battery in his vest pocket to full volume, and goes to work. He has a way of making all visitors, even the low liest, feel...
...Faction's Fight. There were times during the week when a unified France seemed impossible. Slander and counter-slander muddied the Algiers atmosphere. The mudslinging began even as General de Gaulle arrived (TIME, June 7) to receive a correct but unenthusiastic welcome from General Giraud and Minister Murphy, an ovation from the people. To the cheers, the Fighting French leader responded by raising his arms in a V sign. Anti-De Gaullists sneered that such a gesture hardly differed from a Hitler salute...
...generation has seen this mystery in its darkest phase. It has seen the franc bloat and the mark blow up. It has seen Montagu Norman claw his way up from devaluation to set the pound on gold at the sacred rate of $4.86½. It has seen Hjalmar Schacht counter with moneys designed to fit every purse and purpose. It has listened to the jargon of scores of theories. And it has rightly suspected that all this confusion had much to do with unemployment...
...underlining the responsibility of creditors, Keynes is doing no more than applying to international affairs the daily practice of the salesman who prudently refuses to overload his weak or greedy customers. In treating gold not as a bag of coin to be flung on the counter every time there is a balance to be squared, but as a reserve and measuring rod, Keynes is simply applying internationally the practice of domestic banking systems as exemplified by the U.S. Federal Reserve System...