Word: galbraithe
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Lanky, soft-spoken Kenneth Galbraith, Henderson's price man, says he has not worked out the actual formula. The idea is to narrow margins a trifle, but still allow wholesalers and retailers enough leeway to stay in business after meeting the increase in replacement costs since March. Some prices will rise sharply, others will remain unchanged. OPA estimated that the new formula would not up over-all food bills more than...
...which might be good economics but would be bad morals. Subsidies had been found a necessary corollary to price ceilings by both Britain (to the tune of ?125,000,000 a year) and Canada ($2,000,000 since last December). And OPA planned to go easy: Deputy Administrator Kenneth Galbraith told Manhattan clothing manufacturers last week that subsidies were "a last resort"; hard-pressed manufacturers must first practice "rigid, ruthless economy...
...Marvin Galbraith Barret...
...Marvin Galbraith Barret...
Through the night Galbraith and his staff worked to make the order effective: they notified 200,000 tire retailers, sent telegrams to every governor and to mayors demanding police enforcement. By next morning the ban was airtight and puncture-proof-to remain until a rationing system which will insure enough rubber for the Army and Navy can be worked...