Word: leon
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Dates: during 1940-1949
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...Since Leon Henderson clamped down on sales of new cars in the U.S. two months ago, some 650,000 1942 models have piled up. That number would scarcely be enough to supply the demand in California and New York-if Californians and New Yorkers could have them. But they would be enough to give almost every automobile owner in Latin America a new car. They could take care of the entire U.S. export market (as of 1940) for three and a half years...
These new rates mean increased costs to almost every big U.S. manufacturer, to consumers and to the Government, now the nation's largest single shipper. Yet at the ICC hearings the only real opposition to it came from farmer-befriending Secretary Wickard. Not even Leon Henderson protested. For he knew the boost, however inflationary, was probably inevitable...
...prevent hoarding, no rationing book will be issued unless the applicant states that the family has no more than 2 Ib. of sugar on hand for each member (penalty for lying: up to ten years' imprisonment or a $10,000 fine). To prevent profiteering, Price Boss Leon Henderson advised housewives to protest loudly if prices go much above 6? a Ib., threatened a retail-price ceiling if such protests are ignored...
...Leon Henderson was to stop inflation, he had to move fast. Already the cost of 40 commodities to U.S. citizens was 3% above Canada, only 6% below England.* Congress had done nothing to control wages, and tried to keep farm prices out of his hands. OPA feared rising food costs would carry other prices up with them 30-40% this year-unless the farm bloc, momentarily outfoxed by the President, stays outfoxed...
...Stand? In its eighth year, under its sixth chairman, Ganson Purcell (TIME, Jan. 26), SEC is not the thrill-a-minute New Deal star wagon it once was. For one thing, defense and war have drawn heavily upon its brilliant staff. OPA took not only ex-Commissioner Leon Henderson, but Utilities Expert Joe Weiner, Legal Eagle Dave Ginsburg; many a lesser technician has gone to defense work. Betting is that only 750 of its 1,250 employes will follow SEC to Rittenhouse Square...