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...discount of 14% on the official rate of $2.80. At this rate, slick continental operators could buy Malayan rubber or Australian wool (telling the British it was for their own account), then transship it straight to New York and undersell Britain's direct, dollar-earning sales. This "leak" in Britain's tight control on sterling-into-dollar exchange was a potent cause of sterling's devaluation in September...

Author: /time Magazine | Title: FOREIGN EXCHANGE: Devaluation Again? | 10/22/1951 | See Source »

Inmates of the Kirkland House Annex went unshaven yesterday, and Shannon Hall, the home of the Army R.O.T.C., also went dry as the City of Cambridge Water Department turned off the water supply. Early in the morning a leak had developed in a main under the corner of South Street, and Boylston Street...

Author: NO WRITER ATTRIBUTED | Title: Deacon Beards Sprout In Day-Long Drought | 9/29/1951 | See Source »

...Cambridge Water Department crew worked until 5 p.m. before stopping the leak, but the unwashed got their water back by 3:15 p.m. The Water Department is not sure what caused the leak...

Author: NO WRITER ATTRIBUTED | Title: Deacon Beards Sprout In Day-Long Drought | 9/29/1951 | See Source »

When a blab-mouthed Congressman leaked this news to the press, the Air Force let out an anguished cry. For months it has been shifting the big planes from base to base, doing all it could to make its handful of B-36s look like a mighty fleet. Even some Congressmen were shocked by the leak. Said Senator Dick Russell, who presided over the MacArthur hearing and did his level best to protect official secrets: "It is difficult to conceive of such utter lack of responsibility . . . [This] might well be the cause of World...

Author: /time Magazine | Title: National Affairs: Long Way to Go | 7/23/1951 | See Source »

...Formula. Like the White House, the State Department has an official "spokesman," Press Chief Mike McDermott, who has been in the department for 31 years. But soon after Dean Acheson became Secretary, State installed a young man known to the staff as "the high-level leak," to give major correspondents as much "background" information as he thought necessary to put over State's point. When State's troubles multiplied, Acheson and his high command took to talking to reporters and selected pundits in relays, have-now staged nearly 1,000 such off-the-record conferences...

Author: /time Magazine | Title: The Press: Covering the Capital | 7/9/1951 | See Source »

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