Word: nelsons
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Dates: during 1940-1949
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...Handsome Vic Ghezzi, 29, of Deal, N.J., who had never won anything more important than the Los Angeles Open (six years ago): the Professional Golfers' Association championship tournament, closed-shop meeting of U.S. pros; defeating Texan Byron Nelson, defending champion, on the second extra hole of the 36-hole final; after the lead had changed four times and the match was squared four times; over the ribbon-fairwayed Cherry Hills course, one mile above sea level, at Denver. In nine previous P.G.A. championships, Ghezzi had never reached the quarterfinals...
...price rises as not only good business but good economics. Cornell's Professor Frank A. Pearson believes that free prices are the safest means of adjusting supply to demand even in a war economy. Last fortnight, in the Harvard Business Review, Leon Henderson and OPM Purchasing Chief Donald Nelson, in a joint article expounding Government price philosophy ("the results of our thinking thus far"), agreed that free prices were still the best medicine for some defense problems. Example: mercury, where a doubling of price has doubled production, and zinc, where a 60% price increase reopened many a closed mine...
...price advances do that. Messrs. Henderson and Nelson defended the need for some price controls (preferably selective) by naming the real dangers in price inflation...
...Most serious of all, it leads to a post-war deflation. Another of those, said Henderson and Nelson, "would without doubt bring about some profound changes in our economic and social system, changes which most of us certainly do not regard as desirable...
Topping this organization will still be the Divisions of Purchases (Donald Marr Nelson), Production (John David Biggers) and Priorities (Ed Stettinius). Each division head will continue to have the final say in his field, will work closely with each of the Commodity Sections. All three will get added work. Biggers will also head the Commodity Sections responsible for steel, aluminum, magnesium, paper, pulp and chemicals. Nelson will boss the sections where purchasing problems are most important, such as textiles, food, drugs and clothing. Silver-topped Ed Stettinius will also take on rubber, copper, zinc, similar materials, but will continue...