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...Gross national product (value of all goods and services) in the second quarter was at an annual rate of $368 billion, highest on record, v. $361 billion in the first quarter and $346 billion for all of 1952. CJ Consumer spending, at an annual rate of $226 billion in the first three months, climbed to a $228 billion rate in the second quarter...

Author: /time Magazine | Title: THE ECONOMY: Biggest Boom | 7/20/1953 | See Source »

...Thus, though the Government has spent $8.6 billion in its atomic program, industry has spent only a few millions. Businessmen and AEC agree that the Atomic Energy Act should be amended thus: tj Private companies should be permitted to own the fissionable materials needed to run their own reactors. CJ Patents on nuclear discoveries made by companies with their own money should go to the private companies. CJ Security restrictions should be relaxed to enable a freer flow of information between corporations to cut down duplications and wasted effort...

Author: /time Magazine | Title: ATOMIC POWER: A Job for Free Enterprise | 7/20/1953 | See Source »

...CJ Philip Morrison, associate professor of physics at Cornell University, testified that he joined the Young Communist League at 19, moved into the party at 21, quit in 1940 when he was 25. In 1942, Morrison went to work on the top-secret Manhattan Project, which developed the atom bomb at Los Alamos, N. Mex. In 1945, he went to the Pacific to help ready the Nagasaki and Hiroshima bombs. He said his break with Communism was clean, but he granted that only last month he had attended a meeting sponsored by the commie-lining American Peace Crusade...

Author: /time Magazine | Title: INVESTIGATIONS: The Name Is Familiar | 5/18/1953 | See Source »

Other reports on allergy: CJ Dr. Bret Ratner of New York Medical College said that many people who are allergic to certain foods do not react to them if the foods are boiled. This may explain why the British, who boil everything in sight, have so few allergies. CJ Dr. Max Berkowitz, a visitor from Israel studying the effects of drugs on children, found 11% allergic to the sulfas. 7% to penicillin, less than 2% to aspirin...

Author: /time Magazine | Title: Medicine: In Allergy Land | 5/11/1953 | See Source »

...CJ The belching Stanley Steamer. Legend had it (wrongly) that if the driver had the courage to keep the throttle wide open, it would accelerate indefinitely, because steam pressures would constantly build...

Author: /time Magazine | Title: Business & Finance: Old Timers | 10/6/1952 | See Source »

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