Word: aprile
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Dates: during 1950-1959
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Harry Truman carried the trend onward with his seizure of the steel mills in April 1952. President Truman, Burnham notes, never cited any specific law for the seizure, claimed only-with precise democratist logic-that the President "represents the interest of all the people," and must "use his powers to safeguard the nation" when Congress fails to act (an argument rejected by the Supreme Court). The explanation reminds Burnham of the doctrine of Salus populi suprema lex esto (The people's welfare is the highest law), an excuse for tyranny under the Roman Caesars...
Soon after Galveston was commissioned last year, it became clear that her electronic batteries confronted crewmen with new hazards that had not shown up in earlier missile cruisers (Boston and Canberra) with lower-powered transmitters. Also, the danger of intense microwaves (TIME, April 6) had not been plotted in detail. From animal experiments and sketchy data on humans, the Navy medics set a level of 10 milliwatts per square centimeter of body surface as conservatively safe for personnel aboard missile ships. Dr. Johnson's findings on Galveston proved that this level was sometimes exceeded...
...Gains. The news pouring from Government and corporate statisticians told of gains all around. Industrial production for April rose two more points to another record high at 149 on the Federal Reserve index. Nondurables were up a point, and slow-moving durable goods were finally sprinting ahead with a four-point advance to 164 on the index and the highest level since early 1957. With the housing boom still clipping along in April at a record rate of 1,390,000 new homes a year, output of building materials was up sharply; so were appliances, TV sets, furniture...
Another sign of the capital-goods buildup was machine-tool orders. Makers reported that new orders in April reached an estimated $50.6 million, nearly double the $28.3 million during the same month last year, and well ahead of shipments (see chart). Said James C. Hodge, executive vice president of Warner & Swasey Co., leading U.S. toolmaker, whose orders are up at a rate more than 100% higher than last year: "We expect new order increases to continue during this year and probably into...
...vision boss. Pontiac was the weakest of all the auto divisions, languishing in sixth place in overall U.S. car sales. Last week "Bunky" Knudsen's hot-rodding Pontiac was at the top of the medium-price field, with 30% of that market; sales were up (117% in April, 60% for the year), and Pontiac was in a nip-and- tuck race with lower-priced Plymouth for third place in overall standings. On G.M.'s corporate-profit sheets, Pontiac stood second only to Chevrolet; around the G.M. building in Detroit there was quiet talk that Bunky Knudsen might well...