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...price was $22,000,000. Significantly, this was the actual construction cost, although many estimate that some war plants might be worth as little as 25% of cost to private industry, because of sky-high wartime construction prices and reconversion costs. But the Bethlehem purchase will set no real price precedent. There will be little, if any, reconversion cost for coke ovens and blast furnaces. As Bethlehem's President Eugene G. Grace explained the purchase: "We like to be our own landlord...

Author: /time Magazine | Title: GOVERNMENT: Bethlehem Buys | 2/7/1944 | See Source »

Calamity. A major obstacle to this plausible plan is noted by Author Chase himself. Will it be politically possible to keep taxes sky-high in fat years, as they must be kept to lay away a cushion for the lean? Mr. Chase is not sure. Practically any politician could set his mind at rest instantly with the obvious answer: No. "Americans," he writes, "traditionally regard taxes as a burden and a waste, if not an outrage. . . . They will have to change their ideas and begin to think about taxes the way they have been taught to think about insurance...

Author: /time Magazine | Title: FISCAL: Compensatory and Mr. Chase | 12/13/1943 | See Source »

...Superstition comes from ignorance or fear. . . . During wartime superstition leaps sky-high in popularity. During danger periods, medals receive attention all out of proportion to their value. So the service men are being weighed down with medals and good luck charms (too often put in the same class). Department stores are advertising 'St. Christopher Good Luck Pieces.' And non-Catholics are being 'converted' to the phony brand of faith that says: 'Wear this medal and nothing can happen...

Author: /time Magazine | Title: Religion: Metallurgical Road | 2/8/1943 | See Source »

Despite the Commission's attempt to justify sky-high government subsidies to private ship concerns through comparison with costs in Axis-run Denmark and Italy, the figures of Comptroller General Warren on two recent shipbuilding deals reveal a loose-handed economy that can contribute little to the war effort. Using as his target reports submitted by Warren, Aiken charged that the Commission sold seven partially built ships to the Navy at two million dollars over their contract price in order to save a failing Florida concern. To this were added accusations that the Commission is issuing unwarranted subsidies, as well...

Author: NO WRITER ATTRIBUTED | Title: Maritime Muddle | 10/31/1942 | See Source »

...Sky-high with an exploding freighter off a Virginia beach last week went the optimism of Secretary of the Navy Frank Knox. The Secretary had assured the U.S. that the U-boat menace had been thrust back 50 miles from the Eastern Seaboard...

Author: /time Magazine | Title: World Battlefronts: BATTLE OF THE ATLANTIC: New Hazard | 6/29/1942 | See Source »

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