Word: opm
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...abroad, handle transactions in foreign exchange, administer the frozen assets of European countries. It will coordinate the work of all other Government agencies dealing with economic defense, including the three departments whose Cabinet heads are not represented on it (Post Office, Labor, Interior), the Maritime Commission, Federal Trade Commission, OPM, OPACS, etc. The Board will integrate the work of these agencies with the policies of Britain's Ministry of Economic Warfare. It will also keep an eye on U.S. preparations for peace and post-war reconstruction...
...boldest move to date, OPM last week marched into the U.S. silk industry, became sole holder, buyer and seller of raw silk. Then it stopped all processing of raw silk (except on Army & Navy orders), put an end to all silk transfers from warehouse to mill...
Aside from the drastic effect of this action on U.S. consumers (see p. 13), the commandeering meant curtains for most of the 500 U.S. silk-hosiery manufacturers, their 97,000 employes. Another 78,000 workers in silk textile lines faced work curtailment. To mitigate the shock, OPM last week ordered rayon producers to allocate 10% of their output to silk mills. Only the finest rayon will do for hosiery, and it is hard...
This is the sixth week since the Senate Defense Committee gave OPM a thorough dressing down for failing to anticipate the nation's aluminum shortage (TIME, July 7). But at week's beginning OPM still sat on the problem, hatching nothing...
Before the Senate's clamor had died down, OPM announced a 600,000,000-lb. ( 75% ) expansion, with Government financing. Last month it "recommended" five companies to operate the plants. But this week officials of at least one company still knew nothing about the program except what they had read in newspapers, still had seen no contract. Not one piece of equipment for the new plants had been ordered, not one commitment for electricity had been made...