Word: washingtons
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Dates: during 1950-1959
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...chairman of the Mexican Light & Power Co. and retired World War II major general, the committee includes: Houston Lawyer Dillon Anderson, onetime presidential assistant for national-security affairs; Detroit Banker Joseph M. Dodge, onetime Budget Director; American Red Cross President Alfred M. Gruenther, onetime Supreme Allied Commander in Europe; Washington Lawyer Marx Leva, onetime Assistant Secretary of Defense; New York Banker John J. McCloy, onetime High Commissioner in Germany; Dallas Businessman George C. McGhee, onetime Assistant Secretary of State; General Joseph T. McNarney (ret.), onetime Commander of U.S. forces in Europe; Admiral Arthur W. Radford (ret.), onetime Joint Chiefs...
Developing the Story. Baldwin called in scholarly Science Reporter Walter Sullivan, 41, went to work developing the story further from a score of sources (including some top Pentagon scientists), worked so secretly that even the Times's Washington bureau had no inkling of the project. After the tests, the pair found many scientists who wanted all the data made public, but none who was able-or willing-to lay it all out in one package. As their material grew, the Timesmen repeatedly urged the Pentagon to release the story in full...
...agreed, ruled that Daly had time coming. Rather than contest the decision, most stations grudgingly put Lar ("America First") Daly (for legalized gambling, against public schools) on the air. WBBM-TV, the CBS station in Chicago, was one which chose to fight. It fired a petition to Washington, asking the FCC to reverse itself...
Father of the expression is Dr. Gardiner C. Means, economist and author of The Structure of the American Economy. In 1935, while on the staff of the Department of Agriculture in Washington, Means published a study of price trends in the Depression to which he gave the title: "Industrial Prices and Their Relative Inflexibility." In it Means said that the classical Adam Smith laissez-faire free market, in which prices are set by a constant interplay of supply and demand, did not exist. In place of Smith's market-price theory, Means offered his administered-price theory. Said...
Waste of Breath. Ever since then, the phrase has been a stick to whack business, whatever the provocation. In the Truman Administration many theorists in Washington charged that the steel companies were administering steel prices too low just to keep out competition that would come in if prices rose to a point attractive to new investment. Now the argument has shifted 180°. The steel companies and others are accused of administering steel prices too high, not reducing them to encourage greater sales and employment...