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...that the Price Control Act had proved a flop, because the Administration was afraid to crack down on wage inflation and Congress was afraid to stop farm inflation. He had a feeling, he told his press conference, that the nation was being whipsawed between labor and farm groups. Without prompt action, food prices might rise another 30%, the cost of living would get out of hand. So he was ready to stabilize both wages and farm prices. The best guarantee that he meant what he said was that he arranged to break the news of his plan-in a message...

Author: /time Magazine | Title: The Avalanche Rumbles | 9/7/1942 | See Source »

Seniors and Juniors are requested to be as prompt as possible in meeting appointments...

Author: NO WRITER ATTRIBUTED | Title: '43, '44 TO FACE ALBUM LENS | 8/31/1942 | See Source »

Having clapped all Congress leaders into jail, the British were prepared to deal with rioting. The Raj even hoped that prompt action would break the back of the Congress party once & for all. Optimistically, Government officials announced that resistance was virtually under control. Immediately new riots broke out in Madras, where four men were killed trying to attack a railway station. Ahmadabad mills closed. A Karaikkudi mob tried to free an Indian being jailed. Calcutta brooded restlessly, heard threats of work stoppages at vital war plants. Poona, Nagpur, Cawnpore, Wardha reported fresh riots. An airplane dropped tear...

Author: /time Magazine | Title: INDIA: Inqilab Zindabad | 8/24/1942 | See Source »

Retailers, who had feared a sharper limit on charge accounts, were relieved. The main irony was that FRB's order will hit the luxury-goods buyer hardest. The new-rich poor are prompt payers anyway, and have more cash than ever before. But the new-poor rich are notoriously "slow pay." They make a practice of paying their big bills only once or twice a year, to save interest...

Author: /time Magazine | Title: INFLATION: New Credit Dampers | 5/18/1942 | See Source »

From Germany, usually prompt with glib explanations, came only thick, embarrassed silence...

Author: /time Magazine | Title: ARGENTINA: Axis on the Spot | 5/4/1942 | See Source »

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