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...allowed profit on Navy contracts and Army aircraft contracts from 12 to 8%: "There are two reasons. The reduction in . . . profit . . . has made it very difficult for the aircraft manufacturer to place subcontracts [which] work out about 5% net profit . . . it just does not interest [the sub-contractor]. . . . The other and major reason, however, is the lack of definite legal provisions under which they can . . . carry out this contract. They do not know where they stand...

Author: /time Magazine | Title: National Defense: Dead Centre | 9/2/1940 | See Source »

Some years ago the plain daughter of a wealthy Marseille dock contractor caught an engineer Count, married him, moved to Paris and set up a salon for journalists and politicians. Helene de Fortes was short, homely, plain, dark, nervous, jealous and not very bright; but she apparently had something for which Frenchmen would trade every grace. Widowed two years ago, she set her jib for a bright financier named Paul Reynaud. Soon Reynaud, who till then had been a good family man, separated from his wife. Under the administration of Georges Bonnet (then Minister of Justice) the divorce laws were...

Author: /time Magazine | Title: Foreign News: Death of a Countess | 8/5/1940 | See Source »

...Kansas steel mill (and settled in Utah because his wife had joined the Mormon Church), young Ab-christened David Abbott-was a bike racer in the early days of the Century, later raced motorcycles on half-mile dirt tracks. In 1921, when he was a successful building contractor, he won his first auto race-on a $250 bet that he could drive his Nash from Blackfoot, Idaho to Salt Lake City and back (at that time a four-day auto trip) between dawn and dusk...

Author: /time Magazine | Title: Sport: Mormon Meteor | 8/5/1940 | See Source »

...pattern until 1905, finally died of what was termed "paralysis of the heart"-which was no surprise to some cynical Philadelphia taxpayers. After him came "The Dukes," the three Vare brothers, sons of a South Philadelphia hog-breeder: 1) George, one of the "King's" lieutenants, a contractor; 2) Edwin H., an ashman who extended his control of the neck to most of Philadelphia, died in 1922 controlling most of Pennsylvania's politicos and courts; 3) William, the youngest, whom the U. S. Senate refused to seat (1927-29), on the ground that he had bought the election...

Author: /time Magazine | Title: PENNSYLVANIA: Mr. Pew at Valley Forge | 5/6/1940 | See Source »

Alarmed were Chicago's bellicose Mayor Ed Kelly and Democratic National Committeeman Pat Nash. Mr. Kelly is 63, interested mainly in his work; older and wiser is Contractor, Horseowner Nash, whose interests, in order, are: 1) sewers, 2) stables, 3) politics. Sniffing Republican resurgence in the air, Messrs...

Author: /time Magazine | Title: ILLINOIS: The Horner Pie | 4/22/1940 | See Source »

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