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...years ago at the prayerful request of George Marshall, he already had behind him a solid and varied career. He had been a Congressman, an industrialist, Director of the Budget (he quit because he disagreed with Roosevelt's ideas of New Dealing spending), the head of McGill University, Lend-Lease expediter, war shipping administrator and the president of the Mutual Life Insurance Co. of New York. He arrived in London at a time when the British loan was fast running out and Britain was financially on her knees...

Author: /time Magazine | Title: National Affairs: Diplomacy & Big Business | 10/9/1950 | See Source »

Even after graduation, Haldy keeps watching. If a student needs money to go on to advanced degrees, Haldy will lend him some ("And really, I've never lost a cent"). Later, as the years pass, he keeps writing to his old students, following their careers to universities and research laboratories across the U.S. "I keep in touch with them all," says Bachelor Haldy. "They are my family, and there are too many of them for me ever to be lonely...

Author: /time Magazine | Title: Education: Maker of Chemists | 10/9/1950 | See Source »

...Squeeze. It was a harvest almost without precedent in the history of U.S. collective bargaining. Even in the comparable days of 1941, when the U.S. was mobilizing for Lend-Lease, labor unions had to fight every inch of the way for their raises. But this time, with skilled workmen hard to find and mobilization sure to squeeze the labor market tighter, U.S. employers were determined to hang on to their workers by upping their wages. Besides, both labor and management knew Harry Truman had the power to freeze wages any day, and neither wanted to be frozen below the prevailing...

Author: /time Magazine | Title: LABOR: The Golden Harvest | 9/25/1950 | See Source »

...Signed the $36 billion omnibus appropriation bill, meanwhile rapping Congress for ordering him to do what Congress could not do, i.e., cut $550 million from the bill, and declaring, as forecast, that he would disregard Congress' instructions to lend $62.5 million of the appropriation to Franco's Spain...

Author: /time Magazine | Title: THE PRESIDENCY: When I Make a Mistake | 9/18/1950 | See Source »

...item significantly missing from this Alemán program: petroleum development. The U.S. currently refuses to lend money for oil development and exploration abroad. "Our position," explained Ex-Im's Chairman Herbert Gaston crisply, "is that there is adequate money available in private capital for oil development...

Author: /time Magazine | Title: MEXICO: State of the Nation | 9/11/1950 | See Source »

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