Word: pocketbooks
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...Pocketbook Judgment? After a series of reunions, Truman boarded a train for Philadelphia. There, in his speech to the Reserve Officers Association, he took credit for some of the favorable developments in the world, e.g., the Communists are having trouble in East Germany largely "because of things that this nation did last year, or the year before, or four or five years ago." He came out hard against defense budget cuts: "I think that those who talk about our defense program being too big may be letting their pocketbooks obscure their judgment...
...costs, you shouldn't own one." Last week, as the 43rd annual Motor Boat Show opened in Manhattan's Grand Central Palace, it was evident that Morgan's rule of thumb no longer applied. In the biggest show in history, 248 exhibitors displayed boats for every pocketbook-from $39.95 for a shrimp boat to $72,700 for a cabin cruiser...
Bethlehem Steel Corp. was hard hit in pride and pocketbook two months ago. Then, a federal district court in Scranton annulled its 1937 purchase of the Williamsport Wire Rope Co. on the ground that a federal judge had been bribed to approve the deal (TIME, Oct. 27). Last week Bethlehem found a way to clear its name and get back Williamsport. It agreed to pay Williamsport stockholders an extra $6,000,000 for a clear title to the company (it had originally paid $3,300,000 for the business while it was in receivership). In approving the terms...
...insides are stuffed with wires and vacuum tubes that look like spaghetti sprinkled with caviar. It is such an expensive gadget that only big airports can get it. Last week Britain's Ekco Co. was telling about its "poor man's radar," designed for the pocketbook of the small-field manager...
...Starkly simple as it was, the crisp, one-track sound of Pinay's program had a decisive effect in the Assembly. Opposed by the two biggest blocs in Parliament-the Socialists and the Communists-Pinay nevertheless assembled a majority willing to join him in the battle of the pocketbook...