Word: forli
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Dates: during 1940-1949
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A Ready Answer. In three days of speeches and group discussions there was plenty of doing. Secretary of Defense Louis A. Johnson had a few encouraging words for N.A.M.'s consistent plea for economy in government. Said he: "The $15 billion budget of 1949-50 for our department will...
As for government: "The American economy is not ... strong enough at present to carry the . . . mounting tax load . . . The continuance of fiscal uncertainty and instability will . . . undermine the system of free enterprise, by killing the incentives to take the risks essential to a dynamic, expanding economy."
RCA Victor last week made a low bow to a competitor whose existence it had pointedly ignored. On display for RCA distributors last week went new radio-phonograph combinations which will play not only RCA's 45 and the standard (78 r.p.m.) record, but Columbia's 33⅓...
Record dealers knew the reason for the switch: LP records, made not only by Columbia but by 21 other manufacturers, have been outselling RCA's 45, although RCA sales have been picking up since its new promotion campaign (TIME, Sept. 5). Announcement of the new machines stirred up more...
Another monument to the strange economics of the Government's price-support program (see NATIONAL AFFAIRS) was on view last week. It consisted of 4,000 tons of cottonseed, piled high on the concrete tennis courts of a former naval air station in Oklahoma City. Bought and paid for...