Word: fixing
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...Commander-in-Chief. For weeks he has peeved in silence, loath to admit in public that he knows little more about the Administration's ideas for remaking the Army than ordinary newspaper readers. Admiral William D. Leahy, Chief of Naval Operations, is in much the same fix, with the difference that the Navy already had a big expansion program under way when three ex-officio strategists began to fiddle with the Administration's plans...
Persuaded that there is "substantially complete control over the industry by a few large distributors," Trust Buster Arnold last July launched a grand-jury investigation in Chicago. Last week two criminal indictments under the Sherman Act resulted. One charged 14 corporations and 43 individuals with conspiracy to fix prices and control the supply of liquid milk in the Chicago area. The other charged 20 corporations and 20 individuals with a nationwide conspiracy to restrain the sale and use of counter-freezers with which retailers, hospitals, schools, etc., could make their own ice cream...
Between 1939 and 1945, when over-all standards become fixed at 40? an hour, 40 hours per week, industry committees appointed by the administrators may suggest and he may fix wage rates at anywhere above 25? up to 40¢. In so doing he must consider as "relevant factors" differences in living, production and transportation costs-the elements of the South's cherished wage differentials. Having done so, he may not establish any differential "solely on a regional basis." He will be damned if he does, damned if he doesn't by high-wage Northern or low-wage...
...result of their parleys was announced by Homer Martin. He was preparing a blanket union contract for some 2,000 plants which make parts for Ford, General Motors, Chrysler, et al.; parts makers who are, of course, dependent upon their big customers for economic life. A standard contract would fix the minimum hourly wage at 65? for some 250,000 supply plant workers...
This sort of forthright reorganization is almost unprecedented in U. S. railroad history. Before Depression I railroads went through reorganization much as a snake sheds its skin, with bondholders forced to split the loss with stockholders and with railroads often left in just as bad a fix when the shedding was over. After the Federal Bankruptcy Act was amended in 1933 to give ICC power to supervise or rewrite reorganization plans and to allow roads to continue operating with their debts in a sort of suspended animation (Section 77), there came a complete cessation of reorganizations. For nearly five years...