Word: lesse
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Dates: during 1940-1949
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Herbert Clark Hoover, who has known less amiable Congresses, got a present from Capitol Hill to mark his 75th birthday this week. Both Houses unanimously passed a resolution thanking the former President for his "devoted service to his country and to the world...
...pituitary, each of which acts as a master control regulating the flow of a series of other vital substances in the body. ACTH got its full name from the group it controls: the hormones of the cortex (outer casing) of the adrenals (the glands which bestride the kidneys). No less than 28 such slave hormones, including cortisone (see below), have been found in the adrenals. When their flow is stimulated, there may be harmful side effects...
Hardest hit were the networks, which have poured the most money into TV and reaped the least profit. This year CBS has made $500,000 less than it did in the first half of 1948. Du Mont's books have a reddish tinge and ABC, which can least afford it, is losing most of all. NBC does not release a balance sheet, but it is no exception. Of 76 TV stations in the U.S., only six claimed to be breaking even or making money. Manhattan's WPIX, owned by the New York Daily News, dropped...
...Less Work. Nevertheless, there was little doubt that business was on the downgrade. The Federal Reserve Board's production index, which had stood at around 166% of the 1935-39 average in late June, was estimated to have dropped another five points, off 34 points from 1948's postwar peak. In early July, the Department of Commerce reported, unemployment had edged over the 4,000,000 mark for the first time since 1942. Though there were an estimated 59.7 million at work, more than in any year except 1948, in some areas there were long lines...
...Navy service stores have been a money-saving blessing to righting men during wars. But they have often proved a money-losing headache for private businessmen in peacetime. After World War II ended, the post exchanges and ships' service stores kept right on selling so many items at less than retail prices that private merchants complained loudly enough for Congress 'to hear them. Military stores, they said, were peddling luxury goods, like fur coats and watches, tax free; groceries were being sold at wholesale prices in direct competition with local merchants, and large numbers of servicemen were buying...