Word: acted
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Dates: during 1940-1949
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Under strong lobby pressure to end all price controls, the House of Representatives has pasted together another patchwork quilt of economic irrationalities and short-sighted solutions. Business and farm groups envision a speculator's paradise in which they will make a quick, sure killing; the amended Price Control Act is the result of their wondrous wishful thinking. The inflation that may soon follow would be tragic for most Americans, the large majority of whom favor blanket renewal of the OPA for another year. With elections approaching, Congress is gambling-but national inflation is hardly worth the risk...
...amendments to the Price Control Act would merely strangle the OPA slowly rather than end it with one clean knife thrust. Conspicuous spending in Miami Beach bistros and metropolitan race tracks make good reading but represent hardly a trickle of the national spending power waiting to burst out of the temporary confines of banks and bonds. When the new Price Control Act requires that ceilings on any item whose production for "a 12 month period is equal to its production for the peak year, July 1940 to June 1941" be lifted, economic dynamite is being held too near the flame...
Cutting through the indecision of the past months, President Truman has issued a clear call for action to alleviate Europe's food crisis. For the observer who has watched with increasing frustration the various emergency meetings, the extended world jaunt of Herbert Hoover, and the utter failure to act, this comes as a welcome appeal. For the member of the University it is more than an appeal, it is a challenge to express in deed his concepts of idealism...
Ziegfeld Follies of 1946. Everybody gets in the act; best of all, Fred Astaire (TIME, March...
...joint management of World War II, says he, was on the whole "spectacularly efficient . . . the most effective example of management of allied armed forces in the history of warfare." The British, moreover, are at bottom not so bad, and much "like us." The catch is that they always act in what seems to be their national interest, irritating practice to the U.S., which also wants to act that way. "The British did not succeed in imposing their will on us, and the war was won more or less on our own terms." Even so, Editor Ingersoll is in no mood...