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...naturally disliked the defense boom. They were swept downstream almost against their will, steering as cautiously as they could. They ploughed their profits back into debt retirement or new plant, drove good bargains with the Government in answer to its demands for industrial expansion. When the boom ends, this caution may help Business to face a buyer's market with efficient plant, low overhead-may ease post-war adjustments. But the engine of industry did not speed up because of confidence burning within. It was sped up from without by the energy of wartime economy. Not moneymen but politicos...

Author: /time Magazine | Title: 1940, The First Year of War Economy | 12/30/1940 | See Source »

...whole problem of war orders in 1940, most U. S. manufacturers reacted patriotically but with caution. The Nye Committee was too fresh in their memo ries to give them any stomach for the munitions-makers role. The result was an apparent lack of ardor in the way industry went after war business. But with that coolheaded attitude, coolheaded William S. Knudsen was equipped to deal...

Author: /time Magazine | Title: 1940, The First Year of War Economy | 12/30/1940 | See Source »

...Ping-Pong. Venereal infection during World War I cost the Army 6,500,000 man-days (time lost in hospitals). Military police patrol towns as best they can, mark the most putrid spots "out of bounds." Military medicos provide soldiers with oral caution beforehand, treatment afterward, encourage local authorities to provide free prophylaxis stations. Army (and Navy) doctors generally prefer controlled segregation, covertly discourage the more extreme efforts of such agencies as the American Social Hygiene Association to abolish prostitution by legal action. Theory (which the Association disputes): when the business scatters, disease increases. Last week the Association proposed that...

Author: /time Magazine | Title: ARMY: Boys Meet Girls | 12/16/1940 | See Source »

Russell's conclusion: "... I believe that, with sufficient caution, the properties of language may help us to understand the structure of the world." Presumably such teachings can debauch the young, for Russell notes: "This book would have formed the substance of my lectures at the College of the City of New York, if my appointment there had not been annulled...

Author: /time Magazine | Title: Books: Thinking About Thinking | 12/16/1940 | See Source »

...never changed-as his Boston interview (later repudiated) showed last month. So far the world has never fallen on the date Joe Kennedy set, but some day it might. If he is going to advise the President, U. S. foreign policy may well take a turn toward great caution if not appeasement...

Author: /time Magazine | Title: THE PRESIDENCY: Before Departure | 12/9/1940 | See Source »

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