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...student has completed college and duty in the armed service, and interest is not compounded until the completion date. Previously, 41/2 percent interest started with the grant of the loan. The limit to any award was $400 during the student's college career, compared top the present $400-per-year maximum...
...population would be 175 million; 2) the same proportion of the population would be working then as now; 3) the average amount a worker produces in an hour will continue to rise, at the 2%-per-year rate as it has for several generations; 4) the average work week will be cut by onefourth. Most important of these assumptions is No. 3. If more and better machinery, and more and better industrial organization continues to raise productivity at the old rate, 1980's worker will be able to turn out 88.4% more in an hour than the worker...
Pending in Congress last week was a bill to award Rifle Inventor John C. Garand $100,000. Reason: as a civilian employe of the Army's Springfield (Mass.) Armory, Inventor Garand would otherwise get nothing but his $5,400-per-year salary for developing the Army's Garand rifle...
There the Hampton Co., cotton finishers, had set up a 1,500,000-lb.-per-year rayon plant as an experiment, discovered that American Viscose, Du Pont and Industrial Rayon were hard on newcomers, shut their plant in 1939. The machinery has been for sale ever since. Naselli bought it with money raised in Mexico, last week had men dismantling it for removal to San Angel, suburb of Mexico City. By mid-1943, says he, its production will be expanded to 6,000,000 lb., enough to make Mexico virtually self-sufficient in rayon...
...Vacationing in Massachusetts, the President's personal secretary, Miss Marguerite ("Missy") Le Hand, gave her reasons for wanting a Third Term: she likes 1) her $5,000-per-year job; 2) her White House apartment (bedroom, living room, bath...