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...businessmen began increasing their inventory commitments, began thinking about plant expansion. By Labor Day, traditional milepost of the business year, business was rolling along, gathering boom momentum. A few chronic laggards remained behind. One was oil, the victim of a production war between the States. Another was cotton, practically shorn of its export markets, hopelessly overproduced for the market left to it. Another was corn, also export-dependent, whose only records these days are set in terms of surpluses. Two others, much more significant, were the stockmarket, which measures business confidence, and construction, without whose participation no boom lasts long...

Author: /time Magazine | Title: STATE OF BUSINESS: Laggards Catch Up | 9/16/1940 | See Source »

...Thursday, shorn of all war news whatsoever, Osservatore reappeared, announced: "In the present circumstances ... we are compelled to abstain from now on from printing the various bulletins." Il Duce once more permitted Osservatore to circulate throughout Italy-if it could...

Author: /time Magazine | Title: Religion: Pope's Paper | 6/24/1940 | See Source »

Plan E provides for a city manager selected and responsible to the Council. He would run the city. prepare the budget, and appoint subordinates according to civil service laws, while the Mayor would be shorn of his veto and appointment powers. The City Council, reduced to nine men, would be elected by proportional representation...

Author: NO WRITER ATTRIBUTED | Title: Plan E Fight Starts as Petition Circulates for Vote in Autumn | 4/26/1940 | See Source »

...beginnings were not auspicious. The first day of prohibition brought violent riots, caused not by eleventh-hour drinkers but by bone-dry natives furious that property taxes had been increased to compensate for lost liquor taxes. Soon smuggling became a problem. Hotels shorn of their licenses lost money. For Europeans club life without chotapegs (half-sized whiskey-sodas) was as dull as billiards without cues. At Government House parties and receptions, guests beefed because His Excellency, Governor Sir Lawrence Roger Lumley, said he sympathized with prohibition, and would not serve even shandygaff (half beer, half ginger ale) to the Viceroy...

Author: /time Magazine | Title: INDIA: Repeal Appealed | 4/22/1940 | See Source »

...bring yeast back Standard scientists were put to work on fruit flavors for yeast, are still at it. Vice President Daniel P. Woolley, who had freely exhibited himself with Bergen's imp on his well-tailored knee, resigned. Charlie's hour was cut to 30 minutes, shorn of his sarongster stooge Dorothy Lamour. The advertising business buzzed with Standard Brands' changes: J. Walter Thompson kept coffee, tea and yeast; Royal Baking Powder went to McCann-Erickson; Royal Gelatin Dessert to Sherman K. Ellis. The advertising budget, about $5,500,000 in 1939, came in for some pruning...

Author: /time Magazine | Title: TRADE: Pennies from Leaven | 3/11/1940 | See Source »

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