Word: prentiss
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...Prentiss Brown, OPA's new Administrator, reasoned: to the U.S. people, OPA has seemed a bully, an irritant, a source of confusion. Nevertheless, in all Washington bureaucracy, few bureaus are so vital. Rationing is necessary; price and rent controls are basic to a wartime economy. The need, therefore is to coax and cajole the citizens into liking OPA, much as tough urchins are taught to like cops...
Bulk of the charges were made by representatives of Economic Stabilizer James F. Byrnes and Price Administrator Prentiss M. Brown, who have petitioned ICC to wipe out railroad rate increases made early in 1942 to meet mounting labor costs. These increases in costs were more than offset by the big increase in railroad operations which resulted in spreading overhead and raising profits. The rates, according to OPA, are now endangering many a price ceiling, and are resulting in wholly unjustified profits...
...farm parity formula. Last week the House Agricultural Committee quietly approved a bill which would do it all over again. Although the bill would add another $3½ billions to the nation's food costs, the committee did not bother to ask the opinion of OPA Boss Prentiss Brown-who had fought the issue as a Senator last year-or of Economic Stabilizer James F. Byrnes. Said the bill's sponsor, Georgia's swarthy Stephen M. Pace: "No hearings were needed...
Labor's Strategy. Organized labor would have needed no more excuse than this farm bloc maneuver to open demands for wage increases. But it marshaled still another argument on its side. When he took office fortnight ago, Prentiss Brown had admitted that the cost of living might continue to rise one-half of 1% a month. Labor seized on this admission, coupled it with the fact that living costs have risen about 4% since May 1942-the date when the War Labor Board's Little Steel formula, allowing for 15% wage increases, was put into effect. From half...
...those who have for some time realized that in fact (if not in theory) the Government is allowing an inflation to pay for part of the cost of the war, Prentiss Brown's statement came as no surprise. The critical question, which Brown did not answer, was: what kind of an inflation will the Government allow...