Saturday, December 14, 2013

Saturday, 14 December 1929

Berlin:  

Chancellor Hermann Mueller gets his vote of confidence in the Reichstag that supports his government’s financial proposals, including an emergency loan worth US$100 million and agreement on financial reforms.  The margin is 222 to 156, with 22 members of the people’s party abstaining.  It comes to light today that the political parties who had been opposing Mueller’s financial measures agreed “in principle” to support them until the government’s current financial crisis passes. 

Meanwhile, more bad economic news surfaces: a new report says unemployment has jumped 100,000 in one week, and is 500,000 higher than same week last year. 

Libya:  

Italian forces take the city of Sebha from Libyan resistance fighters.  

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