Word: clamping
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...recommended him for the job. Valentine will operate under Coordinator Symington in the new, complex machinery being set up to run the nation's rearmament effort. Valentine's job: plan price and wage policies, and in the end, when he and the President think it is necessary, clamp on controls. Under Valentine will be directors of wage stabilization and price controls-precarious posts still to be filled...
...President was also given authority to set up a war board to handle labor disputes, authority to limit transactions in real estate. The Federal Reserve Board was given power to clamp down on easy-term installment buying...
...voted: the new defense appropriations, wage, price and production control bill, being written and rewritten by another little group of perspiring Senators and Representatives in joint committee; a tax bill, which will fall far short of meeting the new expenditures; a universal military-training bill; a bill to clamp down on free-running Communists in the once free & easy...
...suspend antitrust laws (to facilitate production pools), freeze wages and prices, set up job controls and provide for censorship of communications (telephone, telegraph and the mail, but not U.S. publications). It would also broaden Selective Service to require registration of all males between 18 and 46 and put a clamp on excess profits...
...some, the new inflation spelled trouble. Harvard Economist Sumner H. Slichter urged the Government to clamp the lid on mushrooming consumer credit, now at a near-record $18.6 billion, and admonished businessmen to "exercise caution in the accumulation of inventories." Slichter thought, however, that if employment stays up, the current level of business might easily last for nine months to a year longer...