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...aircraft contract log jam broken, the War Department signed $32,687,966 in contracts for 1,250 planes, all but 56 of them trainers which the Army & Navy must have before they can school pilots for combat planes. Ready soon will be contracts for the rest of the first emergency appropriation of $400,000,000 for 4,000 ships...

Author: /time Magazine | Title: DEFENSE WEEK: Critical Situation | 8/26/1940 | See Source »

...Signed by Hercules Powder Co. was a $25,000,000 contract for a new powder mill, the second of thirty-three prospective plants...

Author: /time Magazine | Title: DEFENSE WEEK: Critical Situation | 8/26/1940 | See Source »

...Chrysler Corp. went a $54,500,000 contract to build medium-sized tanks, of which the U. S. now has none...

Author: /time Magazine | Title: DEFENSE WEEK: Critical Situation | 8/26/1940 | See Source »

Azcarraga's business methods are amazingly simple. On the theory that if an artist is not happy without a contract, he will not be happy with one, Emilio rarely enters into written agreements with his talent. Performers are bound by only one stipulation: they cannot work for another station while employed by XEW. With sponsors, Don Emilio is similarly gracious. They can drop their shows whenever they want to so long as they give him time to dig up a fill-in program. Prohibited at the moment by terrific costs (because of the power needed) from organizing a Mexican...

Author: /time Magazine | Title: Radio: The Mexican Air | 8/19/1940 | See Source »

...urgently needed new plants, the U. S. waited last week for two acts of Congress: 1) a 20%-a-year depreciation allowance for tax purposes on new Defense plans; 2) repeal of that part of the Vinson-Trammell Act which sets an 8% ceiling on aircraft and shipbuilding contract profits. The Administration had spoken for both measures. The Defense Advisory Commission was for them. So was business. So was the President...

Author: /time Magazine | Title: GOVERNMENT: Excess-Profits Tax | 8/19/1940 | See Source »

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