Word: virtual
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Dates: during 1940-1949
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Still Consistent. But whereas he advocated Government spending in depressed times, Eccles has fought easy-money policies during the postwar inflation. He tried to keep the clamps on installment buying, favored high margin trading on the stockmarket, recommended the virtual doubling of reserve requirements in commercial banks. From Robert Taft, last week, he received this left-handed accolade: "Mr. Eccles may be a New Dealer but he is at least consistent...
Petrillo's virtual strangle-hold on record shops, however, loosened this week when he cancelled all canned-music contracts and forbade union members to transcribe any new records. The Crimson band can now hope to compete and only awaits the 'go' signal from the two companies...
Shrinking Corridor. The Communists thought they might win the battle for Manchuria in the next six months. A midwinter Communist offensive had narrowed the government's already slender corridor; Mukden and Changchun lay under virtual siege. The railway south of Peiping was broken again; transport planes from Peiping last week began to evacuate government civilian employees from Mukden and Changchun. But Nationalist troops hung on grimly inside the Manchurian corridor. Said their commander in Mukden: "We must hold Manchuria...
...valet (Louis Jourdan). In his infatuation for his client, he is incapable of imagining that she may be guilty. In his jealousy, he suspects an affair between the valet and the accused lady. Making a headlong effort to defend her, he brings on a suicide and his own virtual ruin...
Some of the staff were not so sure that the New Republic could keep Henry Wallace and its independence as well. William Harlan Hale, articles editor, pleaded with Straight to cut Wallace loose. Anything less, he argued, would be a "virtual endorsement" of Wallace-for-President. When Straight said no, Hale quit...