Word: generaled
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Dates: during 1940-1949
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Isaiah Bowman kept Johns Hopkins' undergraduate program-two years of general education, then two years of study in one of foUr special "groups" (physical sciences, biological sciences, social sciences, the humanities). For him, every educated man had a private contract with society: "To respect that contract is to be mature, to strengthen it is to be a good citizen, to do more ... is to be noble...
...General Electric's Charles E. Wilson sounded disillusioned. Two months ago he had slashed the prices of about half G.E.'s products (TIME, Jan 12), hoping to start a "chain reaction" of lower prices from industry and head off an inflationary third round of wage increases from labor. What he got, said he, was sneers and new wage demands from the CIO union at G.E. (which G.E. turned down this week), and price hikes by many another company. Said Wilson: "An expensive gesture...
There was more trouble when Du Pont and other competitors raised their rayon prices in December. Bazelon vetoed any price hike for North American and American Bemberg. He ordered them to continue selling at 10% below the general market price. The irate directors resigned in a body...
...cutback, said General Manager Edgar F. Kaiser, represented "an economy drive in the face of mounting costs that have forced several auto manufacturers recently to raise prices." It was more than that. The company's failure to get new financing (TIME, Feb. 23), with which it hoped to boost output to 1,500 cars a day, had left it in a tight spot...
Emich lost his dealership because General Motors ruled that he was doing a bad job. Emich charged that it was because he ran his own little financing company, which cut into the business of General Motors Acceptance Corp. Prodded by an attorney for the Government (which had started an antitrust suit against G.M. and their Acceptance Corp.), Emich sued G.M. for $435,000. He asked triple damages under the antitrust...