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...booming aircraft industry felt the tax bite; Consolidated Vultee's after-tax net dropped from $3,200,000 to $1,700,-ooo, Douglas' from $2,200,000 to $1,500,-ooo. Other notable declines: Libbey-Owens-Ford's nine-month net fell from $22 million to $12.8 million; R.H. Macy's yearly net fell from $6,400,000 to $5,200,-ooo (in spite of a $29 million rise in sales); Western Union's eight-month net dropped from...

Author: /time Magazine | Title: Business: Tax Toll | 10/29/1951 | See Source »

...keep pace with rearmament's growing demands. Warned the Defense Electric Power Administration: by year's end, industries in many regions will face periodic stoppages in electric service. By the end of 1953, unless the power industry gets more materials, the shortage will amount to 4,000,-ooo kilowatts (5% of all present U.S. power capacity...

Author: /time Magazine | Title: Business & Finance: Short Circuit | 10/1/1951 | See Source »

...business men never quite knew whether to hiss or cheer Ringmaster Bill Jack. He both be wildered and fascinated them with his free meals, free massages, free Florida vacations for his "associates" (employees) and the $39,000 bonus he paid his secretary for "just working hard." On a $100,-ooo stake and $3,400,000 in Government loans, he rang up peak sales of $90 million in 1943 and overnight became the nation's largest maker of airplane starters and automatic pilots...

Author: /time Magazine | Title: SMALL BUSINESS: Ringmaster's Return | 9/3/1951 | See Source »

...about on schedule or slightly ahead, and two-thirds higher than they were a year ago. But production then was only about 215 planes a month, is only about 350 today. The mobilization-plan goal: 12,000 to 13,000 planes a year. (World War II peak: 100,-ooo a year.) Employment in the aircraft industry has jumped from 185,000 to more than...

Author: /time Magazine | Title: MOBILIZATION: Half Speed Ahead | 7/16/1951 | See Source »

...Communist buildup of battle strength continued-in Korea and beyond Korea-the prospect of a massive Red strike against the U.N. forces became constantly more imminent. Allied intelligence had tracked three Chinese armies-100,-ooo men, more or less-up from South China to Manchuria, and from Manchuria to Korea. The number of enemy troops in Korea had increased to an estimated 600,000. Of these, the number immediately in front of Ridgway's units had dwindled from 150,000 to 115,000-indicating the classic Communist pullback for regrouping before an offensive...

Author: /time Magazine | Title: STRATEGY: The Bigger Question | 4/16/1951 | See Source »

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