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...Yeast. The year was full of yeasty ferment; it bubbled up with new industries, gave new leaven to old ones. The television industry, which had optimistically hoped to make 600,000 sets, proved a bad guesser; it turned out 800,000, by year's end it was working at a 2,000,000-a-year clip. In its revolutionary sweep, television scared the wits out of radio (radio set production dropped 24% under 1947) and Hollywood (which hastily decided to join rather than try to beat the enemy). It promised industry an entirely new technique in remote control...

Author: /time Magazine | Title: Business: The New Frontiers | 1/10/1949 | See Source »

...story. He was an educated man (Exeter and Harvard '27). He had a wife and four children. He had spent 14 years in the State Department, nine as head of the Latin American Division, four as adviser on political relations. Since 1946 he had held a $15,000-a-year job as president of the Carnegie-financed Institute of International Education, which provided for a flow of exchange students between the U.S. and foreign countries...

Author: /time Magazine | Title: INVESTIGATIONS: The Man in the Window | 1/3/1949 | See Source »

Early in the week he sent Webb to the Senate Civil Service subcommittee with a recommendation for a $1,500,000-a-year salary increase for top Government officials. This would boost the pay of Cabinet officers from $15,000 to $25,000, under secretaries from $10,000-$12,000 to $22,500, assistant secretaries from $10,000 to $17,500. One executive position not included in Truman's raise request was the presidency...

Author: /time Magazine | Title: THE PRESIDENCY: Birds & Budgets | 12/27/1948 | See Source »

...snow of the day before had turned into a driving rain. Hiss, the $20,000-a-year president of the Carnegie Endowment for International Peace, walked through the rain to a subway, pursued by photographers, and rode back to his apartment on Eighth Street. There his Quaker wife, Priscilla, who was also implicated by Chambers in the tragic conspiracy, waited...

Author: /time Magazine | Title: INVESTIGATIONS: The Accused | 12/27/1948 | See Source »

Super-Salesman. Al Capp understands his economic meanings as well as the next $250,000-a-year man. Through Capp Enterprises, Inc., he stands to make an extra $100,000 from the book and 26 licensees who are busily turning out shmoo balloons, ashtrays, dolls, scarves, banks, soaps and suspenders. In a couple of months Toby Press, one of the mushrooming Capp enterprises, will take over Li'l Abner comic books, previously farmed out to publishers...

Author: /time Magazine | Title: The Press: The Miracle of Dogpatch | 12/27/1948 | See Source »

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