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...first burst of postwar inflation came when pent-up demand and wartime savings caused such a scramble to buy that shortages turned up everywhere, and most businessmen cashed in by raising prices. Then came the Korean war, and once more a scramble for materials and goods sent prices soaring. Wages were slow in catching up. In fact, after General Motors set up the first automatic "annual improvement factor" increase in wage contracts in 1950, Charles E. Wilson, then G.M. president, said: "It is not primarily wages that push up prices. It is primarily prices that pull up wages." After...

Author: /time Magazine | Title: THE NEW INFLATION: The Least of Three Evils? | 7/15/1957 | See Source »

There are many possible reasons why Red China's bosses have chosen to broadcast the attacks of their critics: to siphon off the kind of pent-up popular frustration which led to the Hungarian explosion; to put the fear of the counterrevolution into the lower levels of their own bureaucracy; even, in the case of General Lung's anti-Russian blast, to make a point which the government agrees with but cannot officially accept. But underscoring them all is one fact, ominous to Communists everywhere: Mao noted that in Hungary "the party simply disappeared in a matter...

Author: /time Magazine | Title: RED CHINA: Spreading the Word | 7/8/1957 | See Source »

...already the pent-up tide of trade had rushed past the diplomats. Last week the unofficial boycott which several Western governments had managed to maintain against the reopened canal crumbled under shipowners' pressure. The first British ship since last October's invasion-the freighter West Breeze with a cargo of peanuts from Hong Kong-went through the canal and paid its dues in Swiss francs (Nasser has not yet consented to accept either French or British currencies). The ship was chartered by a Hong Kong firm doing business with Red China; nonetheless the flag that fluttered from...

Author: /time Magazine | Title: SUEZ: Back Under Protest | 4/29/1957 | See Source »

Under radically different tables of organization and equipment still being drawn up, the regiments of all 18 divisions during the next two years will be reformed into five smaller combat groups (pent) that can group quickly for major-division operations and disperse as quickly to escape atomic retaliation (-omic). To increase mobility, heavy artillery and rockets will be reassigned to corps or armies...

Author: /time Magazine | Title: ARMED FORCES: The Pentomic Division | 1/7/1957 | See Source »

...Miss Lucy affair at Tuscaloosa, Mississippi's Till murder case, and the Montgomery bus boycott all illustrate the pent-up emotion in the South which comes to the surface periodically. Similarly, the March Declaration of Constitutional Principles issued by 19 Senators and 77 Representatives, all from the South, illustrates the new determination and the new organization of the whites: "we regard the decision of the Supreme Court in the school cases as clear abuse of judicial power... This unwarranted exercise of power by the court, contrary to the Constitution, is creating chaos and confusion in the states primarily affected...

Author: By Andrew W. Bingham, | Title: Integration Becomes A Fight Over Principles | 10/3/1956 | See Source »

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