Word: wool
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Those for whom the unexpected is what makes life stimulating must find the gyrations of the present Congress almost insupportably exciting. The House, for example, after its flood of rhetoric about our obligation to shore up the world's economy through Truman doctrine expenditures, has calmly added to the wool bill an amendment which could very possibly ruin the wool industries of several nations. President Truman's message in vetoing the bill is therefore a minimum statement of sanity on the wool question...
...original version of the bill called for a continuation of present wool subsidies till 1948, and the sale of 500 million pounds of wool accumulated by the government at war-profits prices. Dissatisfied with these provisions the House has written in an amendment raising import fees (and therefore prices), and calling for restrictions of wool imports. Thus is spelled out in sober measures what is, in short, an excellent deal for the American wool growers. The value of the amendment to the American consumer, and to the maintenance of world economy, is more difficult to discern...
...citizens to survey the American economy, determine how much could be drained from it for transfusions to the world's economy without impairing U.S. health. But many a Congressman showed little sympathy for expanding U.S. ventures in internationalism. House-Senate conferees agreed on an import fee on wool which, if it became law, might wreck Administration efforts at Geneva for freer world trade (TIME, June 2). Marshall and Under Secretary Will Clayton had to rush before a House committee to plead for extension of the Maritime Commission's power to operate the tankers and charter the cargo vessels...
Fame at 26. Stieglitz himself was just as flamboyant and talkative as his art was quiet. His father, a Manhattan wool merchant, had sent him to study engineering in Berlin, but he liked studying photography better. He came home famous at 26, in a few years had won 150 prizes. Stieglitz was already becoming noted for his "firsts." He was the first to photograph moving objects at night. His imaginative eye made him a pioneer in picturing airplanes, snowstorms, skyscrapers, clouds. Then, flaunting his black cape in the face of the American dollar, the young romantic announced that he disliked...
Silk that doesn't come from worms, wool that doesn't come from sheep, and man-made skin and hair that doesn't grow on humans can now be produced by a process announced by Robert B. Woodward, associate professor of chemistry, this week in the current issue of the Journal of the American Chemical Society...