Word: copperizing
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...Froze automobile prices as of Dec. 1, canceling price boosts just announced by Ford, General Motors, Chrysler and Nash (see BUSINESS). The President's Economic Stabilization Agency therewith took the first big step toward selective wage and price controls. Others expected: steel, aluminum and copper. ESA begged the rest of industry and labor to adopt voluntary controls. Such pleading had never worked before, and would not this time, but ESA was simply not prepared to police a nationwide control order...
...those who in the past propagandized . . . defeatism and appeasement in the Pacific," he was silenced by presidential command. By last week the net result of the U.S. action on Formosa had been to suspend the Nationalist sea-air blockade and thereby to open the ports of Red China for copper, oil and armaments from the West...
...National Production Authority, which for some time has been nibbling at the civilian use of various scarce materials, last week took the biggest bite yet. It ordered a 15% cut in non-defense copper for the first two months of 1951, and a 20% cut for March. Automen said the cut would mean a 10% slash in auto production in next year's first quarter because there was no practical substitute for copper in auto radiators...
Even without the cobalt cut, TV men were having their troubles. Because of shortages of copper wire, condensers and other parts, many of them sliced production last week anywhere from 10% to 40%, and expected output to fall 50% by next spring. With costs rising, TV sets were expected to cost from 10% to 25% more by then...
Milland turns up as a vaudeville trick-shot artist in a post-bellum copper-mining town where Villain MacDonald Carey is whipping up anti-Confederate feeling for crass economic reasons. The ex-colonel rallies the underprivileged Southerners, converts Adventuress Lamarr to righteousness and does his bit to bind the nation's wounds by quoting Lincoln on "malice toward none." What is especially depressing about Copper Canyon is not so much its dreary reprise of movies best forgotten as its dreary portent of movies still to come...