Word: absorbable
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Dates: during 1940-1949
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...preparing the way for new car ceilings, OPAboss Chester Bowles last week hinted that car manufacturers may be granted a small price increase. But auto dealers would be expected to absorb the increase, sell cars at 1942 prices...
...indignant letter to theUnited Steelworkers, Vice President John Stephens of the U.S. Steel Corp. turned down the union's demand for a $2-a-day increase, claiming that the company was already selling many products below cost, that it was "sheer nonsense" to suggest that the company could absorb a higher wage level without raising prices. Thereupon the Steelworkers' Philip Murray accused the steel industry of "arrogance," called for a strike vote among 640,000 employes of 766 companies...
...made the retailer squeal. Ordinarily, he works on a 25% mark-up on low-priced radios. Under the present policy of making him absorb part of the increase, he can get only about 10%. But most radiomen hope for an unprecedented sales volume to make up the difference. Estimates on the number of radios which will be available by Christmas range all the way from 600,000 to 3,000,000 sets. Best guess: probably below a million. The industry grumbled that this will be far less than the demand, blamed OPA for holding out too long on its ceiling...
...industrial production, had out-produced not only its foes but all its allies as well, had hurled $186 billion worth of weapons and supplies at the Axis. The report's most remarkable highlight: "Great as our war effort was, at no time during the struggle did it absorb more than two-fifths of our total national output." At first glance, the transition to peace looked just as good. In his second "Report on Progress of Reconversion," Krug announced that August civilian production was up to 51% of the average month base period of 1939, that in December it should...
...capacity of our G.I.s to absorb such propaganda is far more disturbing than the ability of the Germans to create...