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...more cautiously. Senators Robert Taft and Arthur Vandenberg swung their weight behind Finance Chairman Eugene Milliken's proposal for a $4.5 billion cut. Their most potent argument: the effect of a larger cut on U.S. military strength (see The Nation). President pro tem Vandenberg took the floor to warn his colleagues: "Any lapse in our purpose or resources . . . will be an open invitation to Soviet Russia to fill the vacuum. . . . We dare not present to the world a picture of Uncle Sam with a chip on each shoulder and both arms in a sling...

Author: /time Magazine | Title: THE CONGRESS: Congress' Week, Mar. 3, 1947 | 3/3/1947 | See Source »

...week for the fainthearted. Donald R. Richberg, onetime NRA brain-truster, rose in Philadelphia to warn the nation that unless labor was put in its place, the U.S. would be driven "deeper & deeper into a political war which may become a civil war." And Bandleader Art Mooney, pondering what he had seen from the bandstand, reported that wild dancing to hot music was ruining the shapes of American girls. He noted their "piano legs, wide bottoms, thick waists, and hefty bosoms," feared an even uglier future...

Author: /time Magazine | Title: People: Movers & Shakers | 1/20/1947 | See Source »

...onward & upward, in a sort of economic Indian rope trick, as profits-and production-went from bad to worse in the first half of the year (see chart). So many little people rushed in to buy that the Stock Exchange spent $750,000 in newspaper and magazine ads to warn the lambs away from the wolves. On May 29, the Dow-Jones industrial averages reached 212.5, then turned queasy. But it was not till Sept. 3 that the collapse came. In five hysterical hours, 2,900,000 shares were traded as the averages plummeted 10.51 points, biggest one-day drop...

Author: /time Magazine | Title: Business & Finance: Gulliver Unbound | 1/13/1947 | See Source »

...that a Swiss plane asked Americans to stop, lest they hit survivors or another plane. Those on the glacier had an even greater worry. As planes swooped low to buzz the Dakota, they heard ominous rumbles in the glacier; they feared that engine vibrations were widening the fissures. To warn planes away, the word "FINI" was trudged out in the snow (see cut). Confused observers thought it might be a bad American spelling of a French word (finis) indicating that a) they had given up hope, were "finished"; or b) that they had enough supplies...

Author: /time Magazine | Title: SWITZERLAND: Fine Time in the Alps | 12/2/1946 | See Source »

...King and his coach had gone, the House of Commons got down to what was really on its mind: the "revolt" [strictly verbal] of Labor backbenchers, led by Richard Grossman and Tom Driberg, who think Foreign Secretary Ernest Bevin's policy too anti-Russian. Said Driberg: "I must warn the Foreign Secretary that . . . the people of this country will certainly not follow him to war now or in five years' time against Soviet Russia in partnership with the barbaric thugs of Detroit or the narrow imperialists of Washington or Wall Street...

Author: /time Magazine | Title: Foreign News: Tradition | 11/25/1946 | See Source »

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