Word: baruchly
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...SPAB. This was done for lots of little reasons and one big one: it made Henry a real No. 2 President, sitting at the head of the group which will run the U.S. war effort. He had the title and the responsibility: he was the political Bernard M. Baruch of World...
...charts: wholesale prices of 28 basic commodities were up 50% since the beginning of the war; from the pre-war level food costs were up 13%, house furnishings 4.7%, clothing 3%. Without the price bill, the U.S. would repeat its experience of World War I, when (according to a Baruch estimate) inflation increased the Government's cost of war by $15,000,000,000, led to the disastrous panic of '21. It was that simple...
Some of the methods of Barney Baruch's World War I Industries Board have been adopted to good advantage: wood screw manufacturers have agreed to eliminate 507 of the 885 sizes and types they now make. This will enable them to increase production 25% without adding new machines or workers. McConnell's office also has been working with Army and Navy men in an attempt to eliminate unnecessary use of aluminum (as in battleship trimmings) and other scarce materials in military specifications...
...chrome, nickel-not to mention hours of skilled labor and machine tools -needed for defense. In Army and Navy files were scores of cases where military contracts were delayed while parts manufacturers completed orders for Detroit. Last week J. Leonard Replogle, tough-minded director of steel supply on Barney Baruch's World War I Industries Board, called 1941's heavy automobile production "an inexcusable performance. . . . Will some German historian of the future write: . . . their business-as-usual policy was responsible for their unpreparedness . . . they did not understand...
Last week Mr. Baruch's sanguine views were answered by a man who had spent 15 years in German-U.S. commercial negotiations. He is Douglas Miller, until 1939 U.S. Commercial Attaché in Berlin, now assistant professor of economics at the University of Denver's School of Commerce. In a brief, brilliant, conversational book called You Can't Do Business With Hitler (Little, Brown; $1.50) he describes just what it means to try to trade or compete for trade with businessmen under Nazi control. Items...