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...Cake Showdown. On the fiscal battle line, choleric, drawn-faced Philip Snowden put away the clumsy weapon of personal insult, labored honestly to clarify the points on which he demanded concessions before Great Britain would agree to join with Europe in ratifying the Young Plan (TIME, May 13, et seq.). The plan proposes a certain division of German Reparations-called "sponge cake" by homely Yorkshireman Snowden-among the Creditor Powers (Britain, France, Belgium, Italy, Japan, etc.). Fortnight ago Chancellor Snowden rocked the fiscal and diplomatic worlds by demanding for Britain "MORE SPONGE CAKE!" But only last week was it possible...
After smouldering for a month the Russo-Chinese crisis (TIME, July 22, et seq.) was flaring up again. At Moscow, telegrams from Soviet commanders on the Siberian-Manchurian frontier complained to Dictator Josef Stalin of provocative and belligerent raids by Chinese soldiers over the Russian frontier. Plainly the field commanders on both sides were spoiling for a declaration of war. But President Chiang and Dictator Stalin are both cool, calculating...
...broke the "underlying cause" would be China's banishment of Russians employed on the Chinese-Eastern railway jointly owned by China and Russia (TIME, July 22, et seq.). Moscow denies Nanking's charge that the Russian employes had been hatching "terrorist plots...
...nebulous, noisy demands that Actors' Equity Association (actors' union) has made for two months in its attempt to impose the Equity closed shop on Hollywood cinemacting (TIME, July 8 et seq.) were last week crystallized. Four secret meetings were held in Hollywood between an actors' committee (Equity President Frank Gillmore, Ethel Barrymore, Paul Turner, of the New York Equity office) and a producers' committee (Winfield Sheehan, Irving Thalberg, Jack Warner, B. P. Schulberg, Joseph Schenck, Mike Levee, Cecil B. DeMille, Louis Mayer). The result was a complete deadlock, but both sides, for perhaps the first time...
...Labor. Among the celebrants were printers, upholsterers, teamsters, longshoremen, actors, men who play the oboe, others who play the market. Mr. Weber had news to impart about the ousting of cinema theatre orchestras by the "talkies," which constitutes Organized Music's most pressing problem (TIME, May 27 et seq...