Word: mccabe
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...congressional committee posed the question: What can the Government do to combat the recession? Federal Reserve Loard Chairman Thomas B. McCabe, a Pennsylvania banker and businessman before he was a Government official, this week gave them a straight-from-the-shoulder businessman's answer...
Although President Truman, who appointed McCabe, has done plenty of talking about raising taxes, the FRB chairman's remedy was just the opposite. The big trouble now, said Tom McCabe, was that there was a great shortage of risk capital, although "such risk taking has long been an American tradition." Businessmen either did not have the cash or found investment too risky in the face of high taxes. The thing to do, he said, was to ease taxes on business and businessmen. McCabe recommended that Congress study the entire tax structure, and consider such changes...
Born of War. Dr. Louis McCabe, director of the Los Angeles County Air Pollution Control District, was in no mood last week to wait for the scientists to develop elaborate new testing techniques, try them out and finally announce their findings. When McCabe's job (policing the air) was created 18 months ago, the crime of air pollution had been on the increase for seven years-ever since war orders made Los Angeles a small-parts arsenal. With near-dictatorial powers to shut down plants which disobey his smoke-curbing orders, McCabe has persuaded industry to appropriate $10 million...
...McCabe believes that eye irritation is a direct result of smog, and that when he solves the smog problem, Angelenos will be able to stop dabbing their eyes. He has asked the county government to let him set an absolute limit on the total weight of waste products which factories can throw into Los Angeles' air each...
...more distant prospect is Ozzie Cowles, father-in-law of Ben McCabe, jayvee football coach. Cowles had a brilliant team at Dartmouth and moved from there to Michigan, where he produced a Big Ten Champion quintet. Now at Minnesota, he had a great season there last year...