Word: falling
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Dates: during 1940-1940
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When Henry Ford talked about "1,000 planes a day" last spring, the U. S. quivered to attention. Mr. Ford now hopes to have a new aircraft engine factory ready by next fall, produce 4,500 engines by mid-1942. If Mr. Reuther had his way, Ford Motor Co. would probably not be building a new plant. Instead Ford would be turning unused space, men, machines in his own and other manufacturers' plants to aircraft production. So would all the other automakers, to manufacture aircraft and engine parts for which their facilities were best fitted. Everybody would...
...dead or disabled. Shortages of food, medicine and clothing were tying up the task of resettling half a million refugees from the ceded areas. And the rest of the world, which had loudly applauded Finland's gallant fight last winter, turned its sympathies to new underdogs in the fall. Though free and independent, Finland was thoughtlessly classed with the conquered and occupied countries of Europe. Its relief problems were loosely lumped with those of nations under the Axis thumb. Many people misguidedly feared that help for unblockaded Finland, which was in fact in the same international position as Portugal...
...signal for it came not from Business, but from events. Within 15 days of France's fall, the Army & Navy began to dump orders of $41,000,000 a day in industry's lap. The important fact about these orders was that they were for capital goods. For the first time in more than a decade, industry's prime mover-capital-goods expansion-agitated the indexes again. The steel rate soared from 60% of capacity (April) to 92% in September. At 11:30 p.m., on Dec. 9, steelworkers finishing the second shift also finished an era. They...
...plain. Despite the production boom, nothing Business really wanted had been achieved. Taxes, far from easing, were made tougher by an excess-profits tax and likely to grow more so. Government spending was multiplied; the 76th Congress appropriated more than $17 billions. Interest rates on capital continued to fall. The National Labor Relations Board underwent a personnel shakeup, but Wagner Act modification was less likely than ever. Government regulation in general, previously little more than a list of "Don'ts," began to turn into positive control. Every well-editorialized reason why Business should hold back was more conspicuous than...
Since France's fall, chief debate in the $1,000,000,000 U. S. dress industry is whether U. S. designers can do the job that trend-dictating P'aris once did for it (TIME, Aug. 19). For three months Paris Couturière Elsa Schiaparelli has barnstormed the U. S. talking fashions under the auspices of CBS's Columbia Artists, Inc. She also had a profitable sideline in selling her tour wardrobe designs to U. S. dress manufacturers (at $600 apiece plus 7% of the sales). By last week, as she was preparing to Clipper back...