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...week the Bureau of Labor Statistics gave another altimeter reading: on June 15 its consumers' price index reached its highest point ever: 157.1% of the 1935-39 level. In a year, food costs in large cities had risen 31%, clothing was up 18%, house furnishings 17%. The national pattern was not uniform, but almost everywhere in the U.S. the postwar dollar was worth only about 50% of its prewar value in purchases of essential consumer goods...

Author: /time Magazine | Title: THE NATION: No Cheers | 8/25/1947 | See Source »

...straight out of the Nazi mold, with which Molotov had more than a newspaper reader's acquaintance during the piping days of German-Russian war collaboration, 1939-41 (see cut). But the Soviet Union had also developed another kind of economic pincers-the so-called "joint company." The pattern was 50-50 ownership by the Soviet Union and the local government, 100% administration by Soviet-picked executives. The function of the joint companies was to keep goods flowing into Russia. Through the joint-stock company and alleged reparations, Moscow had seized drum-tight control over...

Author: /time Magazine | Title: International: Eastern Bloc | 8/11/1947 | See Source »

...betrayal, is threatened thus. In fact, in every part of the world the things that matter most are in jeopardy because of Marxian and other collectivisms. . . . It will take a tidal wave to reverse these anti-God trends and save our nation and our world after the pattern God willed and manifested through His Son. In that process this church and each of us can have a real part...

Author: /time Magazine | Title: Religion: Tidal Wave | 8/11/1947 | See Source »

...youth leaning against a tree, entangled in roses; a grave young man fingering a locket against a background of flames. Their flesh tones had faded, but they still shone with immaculate drawing, clean, jewel-like color, and a fine use of lace and ornament to produce a sharp, flat pattern...

Author: /time Magazine | Title: Art: Limner to the Queen | 8/4/1947 | See Source »

...raised pig-iron prices $3 a ton. Big Steel brushed off the raise as a bookkeeping device. It uses almost all its pig-iron output itself. But the raise was a plain sign of the way both companies were thinking. With the ice broken by smaller companies-and the pattern already set-both were expected to increase steel prices also, thus assuring a general rise in the industry...

Author: /time Magazine | Title: THE ECONOMY: Short Wait | 8/4/1947 | See Source »

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