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...regards his life insurance: protection against the unthinkable. NDAC's Ed Stettinius pleaded for 100,000 tons of insurance. But to Jesse Jones the rates seemed too high. They obviously were too high for large-scale private investment so long as Buna-S cost 25-35? a Ib. and natural rubber, even at war-kited rates, only 20?. In May 1941, the same day that his RFC head. Emil Schram, told Congress "I think we will have to start rationing rubber very soon," Jesse himself said: "Unless we are cut off from the Far East [synthetic rubber] would...

Author: /time Magazine | Title: The Die Is Cast | 7/20/1942 | See Source »

Born. To the Duchess of Kent, 35, formerly Princess Marina of Greece: her third child, second son; at Coppins, Iver, Buckinghamshire, England. Weight: 7 Ib. 4 oz. The infant (not yet named) is sixth in the line of direct succession to England's throne...

Author: /time Magazine | Title: Milestones, Jul. 13, 1942 | 7/13/1942 | See Source »

Titanium. National Lead was after titanium when it bought the mine, and it expects to get over 100,000 tons of titanium dioxide a year to sell at 14½? a Ib. Almost unknown to most U.S. citizens, dazzling white titanium dioxide is so opaque that it has ten times the covering ability of white lead. Three-quarters of it is used in paint; another big use is in paper. Before the war it was found on beaches in India's native state of Travancore, hauled halfway round the world to the U.S. Maclntyre alone will soon yield almost...

Author: /time Magazine | Title: Business & Finance: No Need to Import? | 6/29/1942 | See Source »

Vanadium. National Lead got a windfall in the vanadium at Maclntyre. It hopes to get 3,000,000 Ib. a year, worth $2.90 a Ib. as ferro-vanadium. This white metal is vitally needed to increase the tensile strength of steel. As such it will be snapped up like soda pop at a ball game; sale of this by-product alone will rake in almost as much cash in one year as National Lead has spent on the whole Maclntyre development...

Author: /time Magazine | Title: Business & Finance: No Need to Import? | 6/29/1942 | See Source »

...tough period without going broke." Nevertheless the average worker's total pay has gone from $1,996 to $4,879 in the past decade, while the productivity per man has gone from $6,107 to $25,025. And a Lincoln welding electrode that sold for 16? a Ib. in 1929 now sells...

Author: /time Magazine | Title: MANUFACTURING: Incentive Pay | 6/8/1942 | See Source »

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