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...fact that countries with depreciated currencies, low wages or both are able to manufacture goods, ship to the U. S., pay a stiff tariff and still undersell the products of U. S. industry. Czechoslovakia, he cited, can lay down rubber boots in the U. S. at $1.16 a pair. They cannot be duplicated by the U. S. for less than $1.48. Japan sells celluloid combat $11.06 a gross against the best U. S. price of $25.86. Certain grades of European steel are so cheap that even if all labor cost was eliminated, U. S. steel mills could not compete...

Author: /time Magazine | Title: Business: Buy American | 1/9/1933 | See Source »

...Feinbloom, chief optometrist of Manhattan's West Side Hospital, applied himself to the problem of making a pair of spectacles which would magnify things, yet keep them at their distance...

Author: /time Magazine | Title: Medicine: Broadened Vision | 1/2/1933 | See Source »

...Outside it was 19° Fahrenheit. In his pajamas he was escorted to a field three miles from the University town of Norman. There the black-robes lashed Student Stephens ten times across the back with a three-quarter-inch rope. Then they gave him an overcoat, a pair of boots, told him to walk home and "take time to think before writing any more such stories...

Author: /time Magazine | Title: Education: Floggers | 1/2/1933 | See Source »

...Torgsin stores were jammed with hungry, ill-clad natives, eager to swap silver for rough clothing and such luxuries, dear to Russians, as smoked salmon, butter, caviar, vodka. Prices were steep. It took a kilogram of silver (2 3/5 lb.), worth about $7.80 in Manhattan, to buy one pair of Torgsin shoes. Two pounds of butter cost 137 grams of silver with other prices in proportion. If silver-bearing Russians wanted rubles, Torgsin clerks gave them twelve rubles per kilogram of silver. This would make the ruble worth 65?, whereas its official value is supposed...

Author: /time Magazine | Title: RUSSIA: Silver for Shoes | 12/26/1932 | See Source »

...design which has been there since its first year, a rococo drawing of two pudgy cherubs having a tug-of-war with a long banner lettered GRIT. Each cherub has a quill pen behind his ear. Around the shoulders of one is slung a pastepot. The other carries a pair of shears. Strewn about the background are stacks of books, a globe, a telescope on a tripod, a gear wheel and an anvil (presumably symbolizing business & industry...

Author: /time Magazine | Title: The Press: Grit | 12/26/1932 | See Source »

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