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...equipped troops, faced with the expense of a grandiose public-works scheme, shrewd conservative Dr. Horace Greeley Hjalmar Schacht, Reich Minister of Economics, has long been doing sleight of hand with Germany's foreign trade. With gold in the Reichsbank dwindling toward zero, Germany, since the rise of raw-material prices in 1935, has had to export finished goods at uneconomical prices in order to get currency to buy abroad such raw materials-copper, tin, oil-as she cannot manufacture synthetically...

Author: /time Magazine | Title: GERMANY: Paper Figures & Fact | 8/30/1937 | See Source »

...average silk plant has only 68 workers (compared with 296 in cotton mills, 236 in woolens). Shops open and close overnight. And of late a new jobster has cropped up called the converter-an individual or company, often with one dingy office and no plant, who contracts for raw goods and farms out throwing & weaving to the lowest bidder in cutthroat competition. Nobody has been happy. While owners have found themselves in or near bankruptcy because of bone-slashed prices, millhands have been faced with wages, hours and working conditions as varied & uncertain as the silk in women...

Author: /time Magazine | Title: LABOR: Silent Silk | 8/23/1937 | See Source »

...request of Brazil to rent six destroyers with which to train a navy to operate ships of its own now being built. The Hull letter explained that Brazil's interest in a navy was caused by "the desire on the part of some nations for access to raw materials and the forceful actions taken . . . to consummate their desires," stressed the point that if Brazil rented the ships, any other South American nation could do likewise, advanced two weighty reasons why the resolution deserved immediate consideration: 1) rather than have South American nations "turn to foreign governments for assistance...

Author: /time Magazine | Title: THE CABINET: Pact and Proposal | 8/16/1937 | See Source »

...their lengthy battle the sugar refining lobbyists ran up against opposition as tough as Washington could provide: the Roosevelt Administration. Secretary of State Hull objected to the 1937 Sugar Bill because: 1) it cut down Good Neighbor Cuba's raw sugar quota by 6% and Cuba's refined sugar quota by one-fifth-something to make other Good Neighbors suspicious of Mr. Hull's advances; 2) the Supreme Court had already cited U. S. refiners for monopoly. Secretary of the Interior Ickes ranted about lobbyists who would discriminate against his islands: "A form of protection not even...

Author: /time Magazine | Title: National Affairs: Much Ado About Sugar | 8/16/1937 | See Source »

Since Aldous Huxley wrote Antic Hay in 1923, fair-minded U. S. readers may have felt that the English upper classes were getting a raw deal in modern English fiction. The works of Huxley, Evelyn Waugh, Ronald Firbank and lesser observers of the upperworld contain few characters above the rank of a knight or above the ?5,000-a-year income level who are untouched by insipidity, depravity, or both. This week the far less satiric Sylvia Thompson (The Hounds of Spring) contributed another long, episodic novel depicting some unsavory doings among the best people. Since Recapture the MOON...

Author: /time Magazine | Title: Books: Smart Inferno | 8/9/1937 | See Source »

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