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...control was a priorities system, by which it could expedite or delay all shipments of war goods. (Only 25 industries, with total capital of $733,000,000, were classed as non-war.) Meanwhile the price-fixing committee, answerable directly to Wilson, set price limits at the source, on all basic materials. Before the Armistice it was extending its control over retail prices...

Author: /time Magazine | Title: WAR FRONT: Twenty-three Years Afterward | 6/3/1940 | See Source »

...because he was born in what became the Polish Corridor). His crossing of the Brahe in the Corridor caused the destruction of three Polish divisions and a cavalry brigade east of that river, but the Allies estimated him chiefly from his textbook Look Out, Tanks! (1939), which summarized his basic tactical principle with superb triteness: "It is important to penetrate swiftly and deeply into enemy positions with a great number of tanks...

Author: /time Magazine | Title: World War: Tanks in Battle | 5/27/1940 | See Source »

...pyramid's base are a number of unconnected sense impressions, such as that boiling water is turbulent while cold water is quiet. As progress is made up the pyramid, sense impressions are connected by theorems and syntheses which cover more & more phenomena, so that the basic statements need be fewer (the cross section of the pyramid diminishes). Such progress was made, for example, when heat was found to be energy of molecular motion; and when light, X-rays, gamma rays, wireless waves, ultraviolet and infrared radiation were all disclosed as electromagnetic vibrations. At the pyramid's apex there...

Author: /time Magazine | Title: Science: Baffled Sage | 5/27/1940 | See Source »

With all its imperfections, at which irreverent laymen are inclined to yah-yah, the English and American Common Law is the world's most sensitive instrument of justice. Its scales have been adjusted during more than 600 years of human experience with the same basic procedure: jury trial.b For the presentation of evidence, the raw material of justice, English law by the end of the 19th Century had arrived at a stable system of rules. Not so, however, U. S. law, which has not one but 50 legal systems (48 State courts, Federal Courts, District of Columbia courts). Without...

Author: /time Magazine | Title: Books: Law's Harmonizer | 5/27/1940 | See Source »

Eight men from the government service, and twelve others who have also experienced ability and interest in basic governmental problems, have been chosen from 330 candidates as recipients for study and research at the Graduate School of Business Administration, during the academic year beginning next September, Dean John H. Williams announced today...

Author: NO WRITER ATTRIBUTED | Title: 28 MEN GIVEN FELLOWSHIPS FOR BUSINESS RESEARCH | 5/23/1940 | See Source »

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