Word: controllable
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1950
Sort By: most recent first
(reverse)
When Congress passed the Defense Production Act, which provides for wage & price controls, the farm bloc built high food prices into the law by exempting farm products from price control until they sell at parity* or above. As additional protection, ceilings on farm products must be set at parity or the highest price in the month before the Korean invasion, whichever is higher...
Most household staples, despite a 10.5% jump in farm prices since Korea, were still selling below parity. Oranges on Nov. 15 (when parity was last computed) brought the grower an average $1.46 a box or 39% of parity, and before the Government could control oranges the price would have to rise to $3.70 a box. Similarly, milk would have to go up 13%, wheat 15%, corn 17%, butter fat 18% and potatoes 51% before price ceilings could...
Profits & Potential. In going after the auto industry, the Government could hardly have given a better example of how not to control prices. The price stabilizers had completely forgotten the lesson of World War II that prices of an end product cannot be effectively controlled unless prices of all the raw materials going into it are also held down. To be successful in his attempt to control auto prices, Valentine would have had to control prices and wages all down the line-in fact, put the lid on a major segment of the entire U.S. economy. The auto industry consumes...
...true that the profits of some auto companies had been enormous. But they were big largely because of capacity production. With big cuts in auto production ahead, profits would drop far faster than the actual reduction in volume. In short, the Government's new venture into price control gave businessmen little confidence that the present control program would be a success...
...daydream of grandeur in The Secret Life of Walter Mitty. Yet Thurber is only every other inch a comic writer; in between, he is a psychologist as keen as any now writing in the U.S. Like most writers of unusual, not to say violent imagination, Thurber cannot always control it. There are passages in all his fairy tales (especially in The White Deer) so loaded with verbal gems-and costume jewelry too-that they clink...