Word: lastingly
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Dates: during 1950-1950
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...printing plants in Concord, N.H. and Dayton, Ohio, the presses had run off a third of the 11-million-copy run of the January issue of the Reader's Digest last week before they were abruptly stopped. Digest Editor DeWitt Wallace and his staff had decided, after reading the late war news, to replace the lead article on MacArthur's Korean triumph titled "The Right Man in the Right Place." (About 4,000,000 copies had already been distributed.) Collier's, with a closing five weeks in advance of publication, could not do anything about its issue...
...Last week, as the Oregonian celebrated its 100th anniversary, it was the owners' turn to change. For more than $5,000,000 in cash, they sold all their stock to short (5 ft. 3 in.) Samuel I. Newhouse, 55, able owner of the Harrisburg (Pa.) News (circ. 85,363) and Patriot (circ. 31,249), the Syracuse (N.Y.) Herald-Journal (circ. 126,179) and Post-Standard (circ. 77,970) and a string of five other Eastern dailies. Said Newhouse happily: "Most of my papers were sick when I got them. The Oregonian is the first that is at the height...
...basic argument rocked U.S. industry and Government last week. Should across-the-board price & wage controls be slapped...
While some people loudly cried for wage & price controls, the Senate-House watchdog defense committee last week lent itself to an all-out attempt to sabotage credit controls, the only existing brake the U.S. has had against inflation...
Holler & Spurt. There was plenty of evidence last week that such a tightening could not come too soon. Despite FRB's credit pinching, bank loans kept right on rising to new alltime highs. And even though builders had hollered at Regulation X (TIME, Oct. 23), housing starts in 1951 might well be higher than FRB intended. Furthermore, the auto dealers were using old figures when they talked of slumping sales. With a threatened cut in auto output, car sales have recently spurted upward again. Nevertheless, FRB thought that tougher credit controls might check inflation-if given a chance...