Word: commissioner
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Dates: during 1940-1949
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The U.S. Atomic Energy Commission announced that plutonium, core of the atomic bomb that devastated Nagasaki, had, to a certain extent, been tamed. It would still be a long time before atomic energy would turn a wheel or drive a plane, but the new "fast reactor" (see SCIENCE) was a...
Thumbs Down. In 1938, Big Ed Kelly, then mayor, had wangled an $18 million federal appropriation to help Chicago build its first small rabbit-run of subway. He got it on condition that all the city's transportation facilities be unified-and improved. His city councilmen dutifully passed a...
Ed Kelly did not intend to be thwarted again by the Commerce Commission. He went to Springfield and talked bipartisan turkey with Governor Dwight Green. Soon afterwards, in 1945, the state legislature passed a law setting up the Transit Authority. In another referendum, Chicago voters approved it.
Many a businessman last week nodded agreement. The Federal Trade Commission's attack on the steel industry's "price-fixing conspiracy" (TIME, Aug. 25) had hardly left the headlines when the Department of Justice's Antitrust Division sprang into feverish action.
Free Play. The Securities & Exchange Commission finally published the results of its exhaustive inquiry into the causes of last fall's sharp break in the stockmarket. There was no evidence, said the report, that manipulators were to blame. In fact, said SEC, the drop of 10½ points last...