Word: opm
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Some people, moreover, regard 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...
Once approved by OPM, OPACS and the Department of Justice, the committee will spend all its time at the job, with no pay but lots of duties. Some of them: to tell the Government what kind of defense work each U.S. auto company can best handle; to transmit the Government's munitions plans and requirements to the industry; to allocate raw materials for both defense and automobile production. Opposite it, running things for the Government, will be an OPM section headed by stocky James S. Adams, a Colgate-Palmolive-Peet vice president who now works for John D. Diggers...
Some Hope. For all these headaches, Detroit was offered only one pill: munitions orders, some $4,000,000,000 worth. From that, no motormaker expected to make the kind of money he was used to. Yet OPM promised to solve one problem by dishing its defense orders out in bigger hunks. Most of Detroit's munitions work so far has been supplementary to automobiles, done in small amounts and in new and separate plants. A really big spate of orders will force the conversion of present automaking plants, tools and man power. Chevrolet, which...
...excess power to needy Georgia)-about equal to the current capacity of giant Wilson Dam, but a mere stopgap in relation to the South's increasing needs. FPC says these links can be built in six months; others say material shortages may mean it will take two years. OPM indicated that priorities would be granted wherever needed. An eighth interconnection-between TVA and Cincinnati Gas & Electric Co.-was "recommended" (FPC is wary of "ordering" another independent Government agency to do anything...
Stung by the Senate's remarks on its (and Alcoa's) slowness in meeting the aluminum shortage (TIME, July 7), OPM also announced that TVA and Alcoa had agreed on construction of 100,000 kw. of hydro capacity at Fontana, N.C., ending a long squabble over who would pay for the project. (TVA grabbed the check, subject to getting funds from Congress...