Word: duce
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Sound Bogey. Seasoned critics overlooked the weaseling in Il Duce's statement, last week, and did not stint their praise. He had made, they knew, a sound," judicious bogey. They recalled that among all the allied powers the only one to make par in Devaluating its currency is Great Britain...
Signer Benito Mussolini abandoned, last week, his most heroic financial policy: the attempt to increase the value of Italian paper money until it should stand at par (TIME, Sept. 13, 1926 et seq.). Admission that this policy is impracticable was shrewdly avoided by Il Duce up to last week, when he found a way to mask failure behind a dazzling cabinet decree. This document, issued with a triumphal flourish, establishes the lira on a gold basis? not, however, at par (five lira to the dollar), but at 19 to the dollar, the new ratio being slightly lower than the ordinary...
...Italian Foreign Minister is, of course, Il Duce himself. He is also Prime Minister, Minister of the Interior. Minister of War, Minister of Marine, Minister of Aeronautics, Minister of Corporations...
...Christmas communiqué lay ready for signing, last week, on the massive desk of Signor Benito Mussolini. With logic, reason and curt common sense he was about to strike at a custom that is old, endearing, hallowed. Dipping a pen in ink, Il Duce dashed his scrawly autograph upon the document: a command to all Italians that they must not send to him any form of Christmas or New Year's greeting...
Scurrilous persons who might have called Il Duce a Christmas niggard forebore to do so, last week, when he despatched 300 tons of food supplies and clothing to gladden impoverished citizens of Albania, troublous Adriatic ally of Italy...