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...year's end, interest-paying New York Central 4½s sold at 58. That meant a yield of 8% to anyone willing to buy those bonds-a sky-high yield for 1940, even before taxes. Their price discounted every economic horror imaginable, including a peace depression which might put roads like the Central into receivership. If the war and defense lasted, the bonds were safe from everything but inflation. What they were worth depended on your view of the future. The price of Central 4½s was Business' prevision. Since Business no longer controlled the future...

Author: /time Magazine | Title: 1940, The First Year of War Economy | 12/30/1940 | See Source »

...murals will be hung sky-high in Washington, critics flocked to see them at close range, found Artist Sterne had taken The Struggle for Justice as a theme. (He first thought of painting The Triumph of Justice, "couldn't think of 20 instances.") No mellow optimist, Painter Sterne started Justice's trek at Brute Force, then let it struggle slowly forward through Greed, Cruelty, Intolerance, Superstition, False Witness, Scientific Evidence and Environment to an end in Red Tape...

Author: /time Magazine | Title: Art: Struggle for Justice | 1/8/1940 | See Source »

...Selznick Studios in Culver City. Until the night of Dec. 11, 1938 it was cluttered with old sets accumulated during 20 years of movie making. These sets were laboriously filled with waste and other inflammable materials, well soaked with kerosene. As darkness fell, the $26,000 bonfire roared sky-high while seven Technicolor cameras ground away. The first scenes of Gone With the Wind had been shot. A flat representing the Atlanta warehouse district was constructed in front of the old sets. In the light of the dying flames Myron Selznick, Hollywood's No. 1 agent, stepped over...

Author: /time Magazine | Title: Cinema: G With the W | 12/25/1939 | See Source »

...whole bow of the ship seemed to go up sky-high...

Author: /time Magazine | Title: World War: Oh, Mother! | 10/30/1939 | See Source »

...Japanese, signing an armistice with Russia, launching a new. offensive in China (see p. 24)-all these no less than Germans felt its power. It reached into libraries, discredited books; reached into general staffs, discredited strategists; reached into Chancelleries, discredited experts. But more than anything else it knocked sky-high the picture of World War II following the pattern of World...

Author: /time Magazine | Title: INTERNATIONAL: New Power | 9/25/1939 | See Source »

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