Word: ironically
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Dates: during 1940-1940
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Working with Army and extremists, the Cabinet had devised a totalitarian economic plan patterned closely on German and Italian models. At the last minute Japanese industrialists opened up on the Government with an artillery of complaints and objections. All 17 directors of Japan Iron Manufacturing Co.. the largest Japanese enterprise of its kind, resigned and publicly predicted trouble ahead for the steel industry. By the time the broad principles of the New Economic Structure were announced this week, the plan had been watered down. The platform reached the following compromise: "Private industrial enterprise is to be the basis...
...Batt's indications were no mirage, they meant the end of one of the stormiest battles yet behind the scenes of the Defense Commission. Opposed for weeks were stand-pat steelmen, represented in the Commission by American Iron & Steel Institute Secretary Walter Tower, and expansion-minded New Deal staff economists, who want enough steel to handle defense and normal steel needs both. Mr. Tower has frequently boasted of the industry's readiness to handle any emergency without expanding. Republic Steel's Tom Girdler echoed him: "If ev erything in this country was in as good shape...
...President when he returns. Meanwhile the National Resources Planning Board fortified the expansionist position with a steel report of its own. (Author: Louis Paradiso, under the direction of Gardiner C. Means.) Taking the long view of how much growing the U. S. has to do, it estimated pig-iron (and ferro-alloy), steel-ingot and rolling-mill capacity needed for full production at various levels of future national income...
...From Sweden the U. S. imported annually 1,900 tons of powdered iron. Combined with other metals, the mixture is molded, pressed and impregnated with oil to make self-lubricating bearings (for autos, radios, etc.). With the U. S. supply virtually exhausted seven months ago, Glidden Co. put $100,000 into a new plant at Hammond, Ind. to make powdered metals, last week was turning out ten tons of powdered iron daily, selling at 14½ to 17? a lb.-within a hair's breadth of what the imported price used...
...early 1900s, Henry Clapp Sherman, now a professor at Columbia, discovered the value of minerals-iron, calcium, phosphorus. Then came the researches on vitamins, beginning with the discovery of a "vitamine" (B) by a Pole, Casimir Funk...