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...much of 1952's production was in peacetime goods which the U.S. could afford to do without. The U.S. got 4,300,-ooo new autos, although only 3,000,000 had been scheduled for production. But out of 12,000 military aircraft called for, only 9,000 were completed. Sample bottleneck: for lack of a small electronic part, engines could not be delivered to North American Aviation and powerless Sabre jets had to be lined up in long rows outside the plant. War production fell so far behind schedule that the schedules themselves were cut during the year...
...ranging from six to 20 years. Once the certificates are cashed, I.D.S. gets back about one-third of the money, on average, to reinvest in more certificates or one of three mutual funds it operates. Through these-Investors Mutual, Investors Selective Fund Investors Stock Fund-it owns $386 944 -ooo worth of U.S. securities, second only to Massachusetts Investors Trust (TIME April 9, 1951) in the mutual-fund field...
...spring of 1948, Stanky was a fallen idol in Rickey's eyes. Rickey had broken baseball's color line with the importation of hard-hitting Jackie Robinson, and, as it happened, Robinson was a better second baseman than Eddie Stanky. The Boston Braves jumped ($100,-ooo worth) at the chance to get Stanky, hoping that his "intangibles" would perk up a team perennially in the shadow of the glamorous Red Sox. Before leaving Brooklyn, Eddie broke with his good friend Durocher, who had taken Rickey's side against Stanky in a salary dispute. Durocher," Stanky cried, "knifed...
...Ooo, mommy, look at the t'ree hoss-hoss," a little boy said, pulling a wire whch guarded the Nativity Scene on the Boston Common. "No, Jimmy, for the last time--they're camels bringing Wise men to Jesus." "No, mommy, they isn't. T'ree hoss-hoss, hoss-hoss," he wailed, tugging at the wire...
...sells to its 1,400-member co-ops to retail. While prices are competitive with big chains, co-op members get refunds at the end of the year out of "savings" (i.e., profits). Last year, out of $6,700,000 in profits, C.C.A. members got refunds of $5,000,-ooo. C.C.A.'s growth has been helped enormously by the break co-ops get in tax laws. Unlike a corporation, which pays an income tax on dividends, C.C.A. pays no ^ taxes on its refunds. C.C.A. never claimed exemption on all its profits as did many farm co-ops which asked...