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...everything went down. Encouraged by walloping good railroad income accounts, many speculators and investors switched from stocks to second-grade rail bonds, pushed prices near the 1939 highs. Junior liens of Baltimore & Ohio, Missouri-Kansas-Texas, Missouri Pacific now sell at two to four times last year's low prices...

Author: /time Magazine | Title: Gloom | 3/23/1942 | See Source »

...enrollee might be called for active service after only four terms instead of the six which he could crowd into two years by accelerating. Another pitfall is that only 35,000 of those who enlist each year are going to get commissions under present plans. The Navy will probably grade the examinations on a sliding scale, and many potential officers may be left out. There is no alternative for them. They go into the Navy as gobs. Still a further contingency, which students considering V-1 should be aware of, is that physical requirements...

Author: NO WRITER ATTRIBUTED | Title: Sword or Mop? | 3/23/1942 | See Source »

...famed St. Mark's Square were almost gone. Roman first-aid centers "cured" women and children who fainted in the streets by giving them bowls of hot soup. Donkeys were slaughtered and sold as "milk-fed veal." Prize buffaloes from the Pontine Marshes turned up as "high-grade beef." Bread was scarce, fats almost nonexistent. Vegetables were being exported to Germany to pay for coal. But coal was so scarce that convalescent soldiers shivered miserably in Turin's Royal Hospital of Charity...

Author: /time Magazine | Title: ITALY: Et Tu, Benito | 3/16/1942 | See Source »

...Texas starts Spanish lessons in the third grade, has just issued 75,000 free Spanish textbooks...

Author: /time Magazine | Title: Education: Language Boom | 3/16/1942 | See Source »

This brief fantasy is keyed to a novel background score performed by a 50-piece symphony orchestra, to some Grade-A Negro choraling of Short'nin' Bread and Nobody Knows de Trouble I've Seen, and to some very solid jive. The result is a colorful, intriguing, three-dimensional cartoon whose smooth animation is the result of a considerable and clever technique...

Author: /time Magazine | Title: Cinema: The New Pictures, Mar. 9, 1942 | 3/9/1942 | See Source »

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