Word: opm
(lookup in dictionary)
(lookup stats)
Dates: during 1941-1941
Sort By: most recent first
(reverse)
...Good Neighbor policy was sandwiched into OPM's priorities lists last week. To build a steel industry in Brazil, for which Export-Import Bank anted $20,000,000 (TIME, Oct. 7), OPM announced it would give priorities to orders Brazil must place in the U.S. for materials and machinery...
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...
...committee on Latin-American trade and cultural relations. For months Rockefeller has told President Roosevelt that the U.S. would have to keep up its exports to Latin America-defense program or no-or take a back seat to the Axis. Under Secretary of State Sumner Welles agreed. But OPM's Ed Stettinius and OPACS' Leon Henderson stood pat against any exports that would take materials away from defense or essential civilian needs. Now the Presidential nod has gone to Rockefeller (partly because a Nazi freighter recently slipped through the blockade, delivered an airplane and parts which Brazil...
...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...