Word: fields
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Dates: during 1930-1939
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First part of an airplane to ice up in heavy weather is its windshield. It usually becomes opaque as a bathroom window long before wings and propeller begin to take on ice. Standard flying-field crack to pilots complaining about this phenomenon is "Get yourself a windshield wiper." Last week this ironic wheeze became reasonable advice...
...when he had just launched the theory that revolutionized physics by destroying the age-old idea of absolute time (see cut). This week, on the day of the book's publication, Albert Einstein was 60. On his birthday he hinted that he had at last developed a "unified field theory" which would link his picture of the universe with the accepted scientific view of the behavior of the atom...
That paradox began with NRA, which was almost a perfect expression of monopolistic economics. When it was abolished, the New Deal reversed its field, has since been on an anti-trust rampage. But a large group of New Dealers (such as Economist Leon Henderson) have continued to favor the NRA approach. With creation of the "business appeasement" policy, they have begun to emerge from the New Deal doghouse, to the alarm of more left-wing New Dealers (such as Lawyers Tommy Corcoran and Ben Cohen, Economist David Cushman Coyle). Last week's blast against steel was meant to chase...
Last week, still fecund at 87, this corporate oldster proudly brought forth an offspring: a new car, the Studebaker Champion, frankly designed to compete with Ford, Chevrolet and Plymouth in the low-price field. Other makers have tried for ten years to crash this field without success, and Studebaker itself has had two previous cracks at it with the Erskine and the Rockne...
Ford, General Motors and Chrysler today control 90% of the U. S. car market. Studebaker, Packard, Nash, Hudson and the few other remaining independents survive on 9% of the dwindling medium-price field. Since Studebaker emerged from 776 in 1935, Messrs. Hoffman and Vance, now president and chairman respectively, have been pondering this squeeze (on sales of 52,000 medium-priced cars in 1938 they lost $1,700,000). They decided the public would not buy any car smaller or less powerful than Ford, Chevrolet or Plymouth (vide the Austin and Willys). They knew they could not compete with...