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...original or First Five-Year-Plan involved stupendous imports of foreign machinery to establish a Soviet Economic Base. Foreign money needed to pay for this was got by selling every kind of Russian product abroad at prices exactly low enough to make the sales quick-i. e., "dumping prices." Proudly last week the Gosplan pointed out to Dr. Bogen that repayment of the short-term debts incurred to finance the First Five-Year-Plan has now almost been completed; Bolshevik credit has been sufficiently established to finance additional imports of machinery from Britain, Germany and Czechoslovakia at longterm; and, since...

Author: /time Magazine | Title: RUSSIA: Gosplanning | 9/21/1936 | See Source »

...wrinkle in Soviet travel is the appearance in droves of foreign tourists born in Russia who at last have plucked up enough courage to go and see what their native village is like today. Mostly naturalized in the U. S., they travel 3,500 miles to exclaim "What a dump!" In Soviet hotels guests are offered such strange alternatives as "You can have with your dinner either caviar or a fresh vegetable or ice cream...

Author: /time Magazine | Title: INTERNATIONAL: Tourist Privileges | 8/10/1936 | See Source »

Taking advantage of the rains, now drenching Ethiopia in earnest, Ethiopians last week set fire to an ammunition dump near Massaua, attacked Dessye in force and even hurled themselves against the capital, Addis Ababa, in a two-day series of suicidal infantry charges against machine guns and light artillery...

Author: /time Magazine | Title: Foreign News: Silent Birthday | 8/10/1936 | See Source »

Both Gar Wood Industries and Gar Wood's expensive motorboat hobby date from 1911 when Gar Wood, then an automobile distributor in Duluth, Minn., thoughtfully observed a big truck being dumped by a hand crank. Setting to work, he invented a hydraulic hoist to dump trucks by power, founded a company to make it. His invention made him rich...

Author: /time Magazine | Title: Business: Wood Workers | 7/20/1936 | See Source »

From hoists, Gar Wood slipped naturally into the manufacture of dump-truck bodies, then to truck and tractor appliances like cranes, ranches, road scrapers. Another Wood "industry" includes tanks for milk, fuel oil and gasoline trucks. Still another ''industry'' is air conditioning, which the Woods entered in 1930 with the first oil burner furnace designed and built as a unit. Additional space wall soon be added to the Woods' Highland Park plant to take care of its booming air-conditioning business. The Woods also make automobile accessories like heaters, and last year acquired rights...

Author: /time Magazine | Title: Business: Wood Workers | 7/20/1936 | See Source »

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