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...Remade the Air Corps. This once ramshackle service has expanded into an effective, offensive fighting arm, with planes so fast (over 400 m.p.h.) that France and England want to grab the newest ones at factory gates. Last week General Marshall, Secretary of War Harry Woodring and Assistant Secretary Louis Johnson convinced Congressional committeemen that the Allies should be allowed to do so. Wartime business, said they, has already upped U. S. production capacity from 6,000 to 17,000 planes per year, should soon have it up to 30,000. Result: the U. S. Air Corps can safely do without...

Author: /time Magazine | Title: ARMY & NAVY: New Army | 4/8/1940 | See Source »

...gang of speculators, most of them now behind the bars, for whose skulduggery Continental's bankruptcy trustee is asking $3,300,000. Stephen Paine, of Wall Street's reputable Paine, Webber & Co., lent the sharpers $580,000 to buy the voting stock of Continental, grab control of Continental's $3,371,000 portfolio. This they liquidated, replaced good stocks with securities of paper investment companies...

Author: /time Magazine | Title: INVESTMENT TRUSTS: Regulation Ahead | 3/25/1940 | See Source »

...Pure political propaganda for the Mackenzie King Government," fumed Ontario's Kingfish, who would like to make noise enough to grab the Liberal party leadership away from Mackenzie King.* "No party ... is going to get away with that sort of thing. If they want to show the extent of Canada's war effort, let them show the hundreds of thousands of unemployed who are walking the streets looking for a chance to enlist or find work in industry at a time when the very security of the country is at stake...

Author: /time Magazine | Title: CANADA: Kingfish Weasels | 3/18/1940 | See Source »

Geneticists know a great deal more about heredity in fruit flies and sweet peas than about heredity in man. They cannot conscript men & women for experimental breeding in laboratories. Thus limited, they grab eagerly at what observable oddments they can-collect evidence on hereditary tongue-twisting, eye color, extra fingers, webbed fingers, hollow or "cobbler's" chest, white forelock...

Author: /time Magazine | Title: Science: Tongue Twisters | 3/18/1940 | See Source »

...opinion Stalin and Hitler are going to sit tight now, consolidate their gains, and let the Allies make the next more. Russia probably will not grab Bessarabia in the near future, because that might frighten the Turks into the war and with them the Allies, who probably will not be able to move into the Balkans unless Turkey is at war with Russia...

Author: NO WRITER ATTRIBUTED | Title: Mikkola Says U.S. Should Continue to Give Finland Help | 3/14/1940 | See Source »

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