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...simultaneous export and defense boom in the U. S. By last week the export boom was out, the defense boom was still in the future, and businessmen figured the barometers had jumped the gun. But meanwhile business operations generally had raced ahead of the stockmarket, which after a brief spurt in June had marked time. Last week manufacturers began slowing down to the stockmarket's pace. They realized that the expected U. S. boom is still on the drawing boards. Mass production of arms cannot start until Defense Advisory Commissioner William S. Knudsen guides the program...

Author: /time Magazine | Title: STATE OF BUSINESS: Wait Awhile | 7/15/1940 | See Source »

Happiest note of the week came from Detroit-automobile sales had broken through "normal seasonal slack" to total 405,000 units for June, up 33% from hopeful 1939. One good reason for this month-end spurt (which made up for early-June slowness) was public suspicion that the 1941 new models might be the last for some time-at any rate they are expected to cost more than the 1940 models. Chrysler Corp., which sold more cars in the last week of June (31,982) than in any week in its history, and Chevrolet, with June sales setting...

Author: /time Magazine | Title: STATE OF BUSINESS: Wait Awhile | 7/15/1940 | See Source »

...heart of France gave one more convulsive spurt at this treatment. Said the new Foreign Minister Paul Baudoin, a Reynaud protege and World War I ace: "We are never ready to accept shameful conditions. . . . The French whole people will know what...

Author: /time Magazine | Title: WESTERN THEATRE: Exit France | 6/24/1940 | See Source »

...years, starting as a chemist, moving from the presidency to the chairmanship in 1919. He was ready to retire to his enormous hothouses at Longwood Gardens, where he plucks orchids and figs, to sit in the evening on his broad plaza and watch his $500,000 fountain swish and spurt in beams of many-colored light...

Author: /time Magazine | Title: MANUFACTURING: Dynasty Interrupted | 6/3/1940 | See Source »

Meanwhile the Canadian Communist Party was declared outlawed amid a rush of Dominion feeling against Red quislings. ∧ Nazi invasion of The Netherlands and Belgium caused a great spurt in New Zealand recruiting. Prime Minister Peter Fraser, who during World War I was a conscientious objector jailed for "seditious utterances," is now all out for Allied victory, cabled to Prime Minister Churchill a pledge of "the fullest cooperation of New Zealand's Government and people, Europeans and Maoris alike." Recruiting spurted strongly on news of the latest Nazi Blitzkrieg...

Author: /time Magazine | Title: BRITISH EMPIRE: We Shall Be Together | 5/27/1940 | See Source »

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