Word: slashings
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Tokyo's Hope. Two influential sources last week said yes. General Ridgway's headquarters in Tokyo put out a statement designed to show a cleavage between Moscow and Peking. Russia., said the statement, had inveigled the Chinese into the Korean war in order "to slash the strength of China . . . because a strong China on Russia's southern frontier is the Kremlin's nightmare . . . China fought and bled while Russia looked on. To Mao Tse-tung this could hardly look like bosom comradeship ... It may mean China eventually goes the way of Yugoslavia . . . The Reds have been...
...Government was doing little to lessen the confusion. Only three weeks after assuring civilian goods producers that they would be cut back no further this year, Defense Production Administrator Manly Fleischmann last week reversed himself. He issued new steel allocations for the fourth quarter, which will slash auto output another 5% (from 65% to 60% of the first half of 1950), and pinch off production of other civilian durable goods from 70% to 65%. To add to the confusion, DPA took the same chance it had before: it allocated almost 15% more steel for the fourth quarter than will...
Such soft talk showed that the Communists might really want peace in Korea-if the price is right. For the future, it inspired as many misgivings as hopes. The Kremlin's fixed tactics are to slash weakness with armor, to sap strength with wiles. Out of the MacArthur hearing, the Kremlin learned that the end of U.S. patience was near. The Kremlin's obvious advantage is to unwind U.S. determination, take the urgency out of the West's rearmament. So the Kremlin whispered tantalizingly of peace. That is the time of peril-the time of the Truce...
...last week when Macy's trimmed 6% from 5,978 fair-traded items, following a U.S. Supreme Court decision which knocked a key prop from under fair-trade laws (TIME, June 4). Warned Macy's Richard Weil Jr.: if competitors matched the cuts, Macy's would slash prices another 6% "quicker than you can say 'knife.'" But Gimbels had its own knife ready. To keep tabs on Macy's, Gimbels set up a GHQ to direct its comparison shoppers, added 287 assistant buyers and its training squad of 43 college students to its staff...
...Augusta, Ga. this week, an invading army of engineers, builders and technicians jammed the city's hotels and spare rooms to the rafters. Across the Savannah River in South Carolina, the aluminum glint of hundreds of trailers winked among the pecan groves. Giant bulldozers ripped through slash pine and red clay, pushing a four-lane, 20-mile express highway from North Augusta to Ellenton (pop. 700), a town soon destined to disappear before the bulldozers' onrush...