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...limiting procurement of new equipment, the high prices had another effect: they forced the armed forces to cut drastically the amount spent to improve weapons. The Army, which wanted $20 million a year for developing new tanks, got only $7,000,000, which was far less than the Ford Motor Co., for example, spends on bringing out a new model...

Author: /time Magazine | Title: Background For War: Why Was the U.S. Unarmed? | 10/2/1950 | See Source »

...Bataan, followed by MacArthur's new C-54, named Scap, flew on Wednesday to Itazuke on Kyushu Island. There a motor vehicle convoy picked up the general's party and carried us 86 miles to the naval base at Sasebo...

Author: /time Magazine | Title: War: Operation Chromite | 9/25/1950 | See Source »

...cross section of the market (e.g., the New York Times index of 50 combined stocks) had already broken through their June peaks and reached the highest levels since 1931. The conviction that victory was closer also brought a shift in trading psychology. The favorites last week were the television, motor and other "peace" shares, hardest hit by scare selling at the outbreak...

Author: /time Magazine | Title: Peace Shares | 9/25/1950 | See Source »

Bazooka Boom. Thus with no fanfare last week, the Ford Motor Co., which made airplane engines in World War II, took on the job of making Pratt & Whitney Wasp Majors for B-36s in Chicago's vast onetime Tucker plant. To boost GR-S synthetic rubber production up to a maximum of 760,000 tons a year, Goodyear and Goodrich rubber companies were asked by RFC to reopen the last two idle rubber plants. And where quick action has been needed, U.S. industry has jumped to the job. Example: to fill the U.S. Army's need...

Author: /time Magazine | Title: Wait Until March | 9/25/1950 | See Source »

...tune right away, a stranger who had already put in a nickel pulled out a .38 revolver and shot Johnson in the neck. In Andover, Mass., William Albert Trow willed West Parish Congregational Church $5,000, specified that it was to be used in part for eliminating "motor and other noises" from the church organ...

Author: /time Magazine | Title: Miscellany, Sep. 25, 1950 | 9/25/1950 | See Source »

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