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...admirals' business. They blinked again when orthodox Admiral King said he thought a single department would "lend itself to the dangers of orthodoxy." But they stopped blinking and began asking angry questions when the Admiral insisted that the Navy's postwar program was not to be "adjusted downward when the Army sees fit." At that point Ernie King had walked into the blades of one of the Army's best meat-chopper arguments: George Marshall had pointed out, the week before, that the Navy had informed no Army man before setting up its $3 1/2 billion...

Author: /time Magazine | Title: Army & Navy - COMMAND: Merger Now? | 11/5/1945 | See Source »

...railroads, whose profits have been slipping downward for three years, were hard hit. (They report monthly instead of by quarters.) Typical was Pennsylvania Railroad, with net operating income down to $7,000,000 in September v. $9,555,769 the same month last year. Down too were Chesapeake & Ohio, and Illinois Central, along with virtually all of the rest...

Author: /time Magazine | Title: EARNINGS: The Profits of Peace | 11/5/1945 | See Source »

There was still much slack. Government and private business analysts agreed, in the main, on the immediate trend: business in general would slide downward for about six months, then climb. The optimistic guesstimaters were almost unanimous: 1947 and 1948 will see national income on a high level - perhaps about $135 billion (wartime peak: $165 billion...

Author: /time Magazine | Title: RECONVERSION: Bull Market | 9/17/1945 | See Source »

...glass lake's center, directly beneath the bomb's exploding point, is a crater of bare earth about 15 ft. deep and 300 ft. across. Scientists told newsmen the earth here was pushed downward ten feet by the explosion's force. Stumps of the four reinforced-concrete tower pillars that supported the bomb still stand in the crater, flaked and twisted. The rest of the tower has vanished into vapor...

Author: /time Magazine | Title: Science: Atomic Footprint | 9/17/1945 | See Source »

...find myself upon a constant downward slope...

Author: /time Magazine | Title: Emperor's Dream | 9/3/1945 | See Source »

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