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Turn the People Loose. Then, almost by accident, Ludwig Erhard got his chance. In June 1948, taking a decision that Erhard as Bizonal economic adviser, and director, had been advocating in memo after memo, Allied authorities suddenly revalued the West Germany currency (one new mark for every ten old ones). Convinced that Germany's recovery could not succeed with monetary reform alone, Erhard waited until one Sunday, when neither German colleagues nor military officials would be around to interfere, and announced on the radio that he had issued a formal decree ending all rationing and price controls at once...

Author: /time Magazine | Title: Foreign News: Engineer of a Miracle | 10/28/1957 | See Source »

...Each show grows first out of hours of talk by Murrow and Friendly. Friendly then briefs the staff, sometimes in a jointly signed memo. After years with See It Now, the staff has soaked up the kind of perceptiveness for human and atmospheric detail that Murrow showed in wartime London when he dramatized the blitz with such tellingly simple touches as the sound of unhurried footsteps, caught by his microphone on the sidewalk as Londoners walked calmly to their air raid shelters...

Author: /time Magazine | Title: Television: This Is Murrow | 9/30/1957 | See Source »

When Murrow and five teams made the eloquent This Is Korea-Christmas, 1952, the Murrow-and-Friendly advance memo explained: "We want to portray the face of war and the faces of the men now fighting it ... The best picture we could get would be a single G.I. hacking away at a single foxhole in the ice of a Korea winter . . ." Murrow brought back the vivid sight and sound of a marine's shovel rasping futilely at the earth. Other memorable See It Now moments for eye and ear: a Buchenwald tattoo on the arm of an Israeli...

Author: /time Magazine | Title: Television: This Is Murrow | 9/30/1957 | See Source »

...news analysts to inject editorial opinion into their "objective" interpretation. After Bill Paley added him to the CBS board of directors in 1949-a post he held until 1955-Murrow eyed TV even more distrustfully as a platform for a newsman's personal opinion. He asked in a memo: "Is it not possible that . . . an infectious smile, eyes that seem remarkable for the depths of their sincerity, a cultivated air of authority, may attract huge television audiences regardless of the violence that may be done to truth or objectivity...

Author: /time Magazine | Title: Television: This Is Murrow | 9/30/1957 | See Source »

EVER since peacetime foreign aid began, one of its stated objectives has been to promote private free enterprise abroad. But, until a fortnight ago, the promotion of free enterprise got comparatively little public attention. Then outgoing International Cooperation Administrator John Baker Hollister issued a memo to overseas staffers notifying them that henceforth the U.S. "will normally not be prepared to finance publicly owned industrial and extractive enterprises." Lower-level career people in the State Department promptly planted stories in the metropolitan press accusing Hollister of distorting State Department policy, of trying to cram free enterprise down the throats of foreign...

Author: /time Magazine | Title: EXPORTING ENTERPRIZE: A New Way to Dispense Foreign Aid | 9/30/1957 | See Source »

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