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...become surplus. The Federal Reserve Board, for the fourth time in three months, eased credit restrictions. It reduced bank reserve requirements 1% and 2%, depending on the size of the bank-thus freeing about $1.2 billion extra cash for lending. But FRB's move was not likely to boost the volume of loans: businessmen had carefully cut their borrowing by $1.5 billion in the last 14 weeks...

Author: /time Magazine | Title: Unseasonal Weather | 5/9/1949 | See Source »

...metal called "Duridium" (a hard-alloy steel). With it, Dammann was out to crowd Gillette's famed Blue Blade out of the No. 1 spot in the blade market. Dammann planned to spend $2,000,000 on the promotion campaign because his company needed that kind of boost. In this year's first quarter its profits had dropped from...

Author: /time Magazine | Title: NEW PRODUCTS: Smooth Shave | 5/9/1949 | See Source »

...four hours behind closed doors in the committee's gloomy Capitol committee room, Secretary of State Dean Acheson and Secretary of Defense Louis Johnson answered some questions, left more unanswered. Western Europe would get no immediate boost in its military strength: the first year's supplies would simply reinforce established divisions, chiefly with light equipment. But what would the future cost be? Nobody knew. Which nations would get how much? That was up to the discretion of the President and not the countries involved. Significantly, it would be the Secretary of State and not the Secretary of Defense...

Author: /time Magazine | Title: FOREIGN RELATIONS: The Tab | 5/2/1949 | See Source »

...Acting President Li wanted the nest egg back. He needed it, he said, to curb inflation-although a lot more was obviously needed for that Herculean task than the Gimo's reserve. Li also wanted the treasure to pay Nationalist troops along the Yangtze in hard cash, thus boost their morale. To Fenghua went old Marshal Yen Hsi-shan, governor of Shansi province, to plead with Chiang for return of the funds...

Author: /time Magazine | Title: Foreign News: Nest Egg | 4/25/1949 | See Source »

...publishers' "final offer" of a $10-a-week wage boost was rejected three weeks ago by the A.F.L. International Typographical Union, which wanted a $16.50-a-week raise. The 1,500 printers were under no heavy pressure to settle; they got union benefits ranging up to $60 a week. (Some of the strikers had found work in job shops; others had shifted to newspapers in nearby cities.) The publishers were under no pressure to settle either. They had so well ironed out the mechanical wrinkles of printing by Vari-Typers and similar machines that the Chicago Daily News...

Author: /time Magazine | Title: The Press: After 17 Months | 4/25/1949 | See Source »

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