Word: butter
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Dates: during 1940-1949
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...report a remarkable organization to maintain the essential sanitary services, no apparent restrictions in the food situation, outside of the rationing of bacon and butter, and an excellent health situation...
...then, until consumption has increased to the point of full production, full employment (which they estimated at around 170-180 on the FRB index)? They rejected the "fetish" of a balanced budget, preferring a balanced economy instead. But when full employment is reached, and a choice between guns and butter must be made, the New Dealers would plump for guns-i.e., consumption taxes. By 10 p.m. they had talked Leon Henderson to sleep under a picture of Thomas Jefferson. Then came the fireworks...
There are no more matches in unoccupied France, LIFE reports in an essay on Vichy this week. Matches came from Scandinavia and the Germans let no more through. Milk, butter and cheese are scarce or nonexistent, for the Germans rule the great northwestern dairy area. No new stores of sugar from the occupied beet-sugar district around Lille are destined for Free France. Free France will eat none of this summer's harvest from the breadbasket of the northern plains. There is still tobacco in the Rhone Valley and Auvergne, but those shops in Provence that still have stocks...
...Coal cost $120 a ton, butter $3 a pound...
Consumption. Other evidence indicated that defense was carrying U. S. consumers from a potato level of subsistence toward a butter level. In defense-rich Chicago, wholesale trade was 12-15% ahead of 1939, women's dress sales were 15-30% ahead. Nationwide department-store sales in August were 10% ahead of a year ago, only 11% under August 1929. Sears, Roebuck continued to lead the procession with a 22% gain over August 1939. Most bullish note: retail managements have been as gloomy as Wall Streeters about prospects, have kept inventories low. Since August buying by stores was 30% below...