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...over-inflated legal price of 71.11? per oz. (see p. 73), came up with a new gag last week: a silver "one-bit" piece, worth 12½?. The reason they gave was the alleged "danger" that dime-priced articles might soar to 15? for lack of an intermediate coin. Despite the "danger," the Treasury, mindful that eight billion pennies are in circulation, kept cool...

Author: /time Magazine | Title: Idea of the Week | 5/18/1942 | See Source »

Pocketful of Cash. Men & women who had seldom had one coin to rub against another suddenly heard an unmistakable jingle from their pockets. Girls who had worked as maids for room, board and peanuts found factory jobs at $100-$200 a month. A Manhattan physician's maid quit to move into her own home: her husband, out of work for years, now made $26 a day pouring cement...

Author: /time Magazine | Title: New Rich, New Poor | 5/4/1942 | See Source »

...fortnight ago NBC granted network time to labor "as a public service." While William Green and Philip Murray conferred with President Roosevelt one afternoon, their pressagents Pearl and De Caux agreed to alternate programs and to let a coin-toss decide who should begin the series. Green was willing, but Murray was gracious. As they left the White House. Murray said: "You can have it, Bill...

Author: /time Magazine | Title: Radio: Labor Goes on the Air | 4/20/1942 | See Source »

...cars will be rationed through May v. 1,450,000 sold in the same months last year. A bigger reason is that dealers smell sweet profits. With trade-ins down, along with new-car sales, they are satisfied not to sell unless they get their pound of coin. Consequently used-car sales volume has flopped. In Atlanta a big Chrysler-Plymouth dealer sold only 20 used cars in February, 70% below normal; the First National Bank reported used-car financing off 80%. In Texas, February sales were down 50%. Chicago's 265 big dealers have sold so few cars...

Author: /time Magazine | Title: Business: Used-Car Boom | 3/16/1942 | See Source »

...pressagents in Washington appear to have been working overtime to coin a catchy victory slogan for America's war effort. They can relax...

Author: /time Magazine | Title: Letters, Feb. 23, 1942 | 2/23/1942 | See Source »

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