Word: budgeteers
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Dates: during 1940-1949
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...voted by Congress. But such a let-Harry-do-it approach was just what ex-Mayor McLaughlin was talking about. Despite all the loud congressional forensics, Congress seemed unwilling or unable to practice what it preached. It had no help from the President, who had called for a record budget (see box), though traditionally it is his responsibility to preserve the nation's financial health...
...into the last week of the fiscal year, Washington was facing its worst appropriations logjam in years. Of the eleven major money bills which will keep the Federal Government running after June 30, only one had yet passed Harry Truman's desk. It was Congress' own outsize budget for the next fiscal year...
Life's Blood. Every 1? drop in the copper market cost the Chilean government $5,000,000 in royalties. By last week the price decline had already brought a $32.5 million-loss in this year's foreign exchange budget. The production cut also meant a fall of 1.8 billion pesos in the taxes that Chile collects on mine operations. "If this situation had presented itself in 1952 instead of 1949," sighed President Gabriel Gonzalez Videla, "it would have been of no importance." But at a time when Chile's industrial development program (TIME, May 30) was still...
...control the industry, reap most of its profits, and want nothing from it but, in Mankiewicz's phrase, "400 items of salable merchandise every year." The creators may get their big chance when the Government finally splits theater ownership from production. ¶The moviemakers recognize that a low-budget "special audience" film, e.g., Home of the Brave, can turn a profit without a mass audience, but Hollywood is geared to supply the bigger audience, where the bigger profit lies. ¶Hollywood clings to its self-censoring
...company, which had spent only $7,500 on advertising in 1939, splurged much of its $1,000,000 ad budget pushing the new "bold look." It ran sales up to a new high of $23.7 million (though, with higher costs, the net slipped to $1,000,000), second to Cluett, Peabody's (TIME, Oct. 11). Convinced that he has a winner in his new wrinkleproof collar, Phillips plans to push it with his biggest ($1,500,000) advertising campaign...