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...MacDonald did not mind. His government had been saved. The day before the fateful vote British newspaper readers were sharply reminded of what might be in store for them if Conservative Stanley Baldwin should return to power. Labor leaders let it be known that Stanley Baldwin's first move would be an imitation of Benito Mussolini-to cut the wages of all Government employes 10% as an example to the country, in the hope that lower wages would lower prices, stimulate trade. (Already employes of the great Midland Bank have received a 10% clip...

Author: /time Magazine | Title: GREAT BRITAIN: Saved Again | 2/9/1931 | See Source »

Wayward Winnie. Most exciting political move of the week happened outside Parliament. The performer was moon-faced Winston ("Winnie") Churchill, one-time (1924-29) Chancellor of the Exchequer, No. 2 British Conservative, soldier, War correspondent and 100% Tory. Early in the week Stanley Baldwin had given grudging approval of Scot MacDonald's attempt to solve the Indian problem...

Author: /time Magazine | Title: GREAT BRITAIN: Saved Again | 2/9/1931 | See Source »

...conventional asteroid path, wanders sometimes between Mars and Jupiter, sometimes between Mars and Earth. Discovered in 1898 by Dr. Gustav Witt at the Urania Observatory in Berlin, the small planet was given a masculine name because of its eccentric orbit. According to astronomical custom, only asteroids which move in an ordinary orbit are given feminine names. The cycle of Eros' motion with relation to Earth is 81 years. In 1975 it will approach even nearer than this year, will again be a handy though tiny target for rocketeers...

Author: /time Magazine | Title: Science: Planet Plans | 2/9/1931 | See Source »

Even before President Cord's sprint became noticeable, Auburn stock on the New York Stock Exchange had begun to move. Bears short of it became uneasy when from a low of $88½ in December and $60⅜ in November it rose to $100, bounded on through $125, neared $150 in a mad display last week. In the commission houses there was talk of a "technical corner." Speculators pointed to the fact that Auburn has only 187,533 shares outstanding, that probably 90,000 are held by Cord Corp. If a strong bull pool cracked the whip, Auburn bears...

Author: /time Magazine | Title: Business: Auburn Getaway? | 2/9/1931 | See Source »

...Because in a bear market investors see their mistakes rudely brought to light, they become more appreciative of the need of statistics. Hence to statistical organizations 1930 brought no dearth of business. Last week when the biggest of these organizations in the world, Standard Statistics Co., Inc., prepared to move into eight floors of a new building in Manhattan, it boasted more than 1,200 employes, a gain of 45% in one year, and was glad that its increase in business was 66% over the increase of a year...

Author: /time Magazine | Title: Business: Statistics | 2/9/1931 | See Source »