Word: drainings
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...time had come last week for the Administration to take resolute action on both the manpower and inflation fronts. The Army's steady and inexorable drain on the nation's manpower was now fully apparent (see p. 59). Labor, particularly in the person of John L. Lewis, was getting set to blow the Little Steel formula sky high with demands for bigger wages. Yet U.S. labor was working on the average of only 44 hours a week in all U.S. industry-an appalling waste of manpower in a nation...
...sacrifice for the war in two ways. One way is through higher prices (inflation) by which buyers are discouraged from buying. The other way (which the Government is gingerly attempting) is by holding prices down and distributing scarce goods through rationing, while at the same time trying to drain off extra purchasing power through taxes and forced savings. But by arguing that, just by holding prices down, it is "saving" the U.S. citizen anything, OPA is not only kidding itself; it is kidding the public as to what the war means in economic terms...
...this year's taxes are paid on this year's income, the Government would be bound to collect more than if it were receiving payments on 1942 income as it would under the present system. This should be an important consideration when the Government is trying desperately to drain away the nation's excess spending power. The missing sum, taxes "forgiven" in 1942, which would not appear on the record until the taxpayer dies, could be recovered through inheritance taxes, as Mr. Ruml suggests...
...mounted steadily since last October, the last month when the reduced supply still exceeded the already rationed demand. In November came the U.S. invasion of North Africa and a sudden, inordinate drain on Eastern oil stocks; as the North African champaign became more complicated, the drain increased. Zero and sub-zero weather compounded the crisis. Last week some strong emergency measures were necessary. Harold L. Ickes, Petroleum Administrator for War, banned delivery of gasoline by tank car to the East, ordered the cars to haul only fuel oil. Three days earlier he and OPA cut the fuel oil ration...
...armed forces will continue to drain oil from Eastern stocks-Eastern ports are 1,250 miles nearer to North Africa than the oil ports of Texas. Although the outlook for civilians will temporarily brighten in March, for the duration of the war it still is black...