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Reason for this revival is Defense, which, with its promise of a heavy industrial electric load, has made the utilities more capacity-conscious than ever. G. E. now wonders how long its own capacity (especially in skilled labor) will hold out. Meanwhile, these tailor-made jobs yield G. E. a handsome profit margin. So confident were G. E.'s new chairman and president, 40-year-old Philip Dunham Reed and 53-year-old Charles Edward Wilson, last week, that they boldly confronted the one big licking G. E. may have to take-a licking also attributable to war. This...

Author: /time Magazine | Title: UTILITIES: Happy G. E. | 8/5/1940 | See Source »

...best target for the antiaircraft guns. On likeliest directions of approach anti-aircraft guns are most heavily established. The batteries are so placed that the tops of their inverted cones of effective fire (see lower cut) overlap. Because it is better to wing a bomber before he drops his load than after, fire cones are heavily overlapped ahead of the lines where enemy bombers are likely to drop their eggs...

Author: /time Magazine | Title: IN THE AIR: Bomber Tactics | 7/29/1940 | See Source »

Nevertheless, Commissioner Studebaker was confident that the nation's school system could handle the new load. Its technical schools (including 155 engineering colleges) are the world's best-equipped (outstanding: Milwaukee Vocational School). They have 35,000 highly trained teachers, a $1,250,000,000 plant. Normally they turn out 500,000 workmen a year who could be used in defense industries-machinists, lathe operators, sheet metal workers, auto mechanics, aircraft mechanics. Commissioner Studebaker's goal: to step the number...

Author: /time Magazine | Title: Education: Double & Triple Shifts | 7/8/1940 | See Source »

Utilitarians Kellogg and Dunn had good reason to agree with New Dealer Olds in giving TVA a green light. TVA's sales-both residential and industrial-have been soaring. More than one power-hungry chemical company on TVA's lines feared the growing load might cause a shortage, hamper defense. The steam plant is to insure against a repetition of last fall's hydro shortage, when the valley was visited by a combined boom and drought (TIME...

Author: /time Magazine | Title: UTILITIES: Full Steam and Hydro Ahead | 7/8/1940 | See Source »

...help pay for its colossal war insurance, Congress passed a tax bill to add another billion dollars to the five-and-a-half-billion-dollar tax load of the U. S., to make 2,000,000 more U. S. citizens pay income taxes...

Author: /time Magazine | Title: CONGRESS: Insulation | 7/1/1940 | See Source »

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