Word: nones
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Dates: during 1940-1940
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...warmed up when trust-busting Thurman Arnold turned it over to plump, blond Victor Waters, his able assistant. Since then the Department has been busy bolstering its contention that ASCAP is a monopoly. Thread of the Government argument: Since ASCAP insists that clients contract for all ASCAP tunes or none, any individual composer who is a member of ASCAP is deprived of potential profits when ASCAP terms are refused. "The profit from a song," says the Department, "belongs to the individual composer, not to an association...
...Pont, Chrysler, General Motors. Once a munitions-maker, Du Pont had diversified its business to the point where powder was less than 2% of its sales. Chrysler and G. M., too, wanted no part of the war as an investment. Each of these could have refused the unwelcome orders. None did. With bottomless resources, they could have expanded mightily into munitions, cleaned up for a few years. They did not do that either. Each mobilized its men and skills, agreed to build and operate munitions plants for a very nominal sum above cost, the Government to own the plants. Result...
...were the industries which 1940's boom passed by. But none was more violently struck than aircraft. The planemakers began the year with an order backlog of $675,000,000 and 60,000 men at work. They ended the year with a $3,500,000,000 backlog, 164,000 men at work. Yet, corporately speaking, they ended the year as they had begun: small...
...synonym for enemy-of-the-people. At year's end, tough Tom Girdler's emissaries were in Washington and Wall Street, working on a deal to carry out one of the President's pet ideas: an integrated steel company on the West Coast (there is none) to supply booming Pacific shipyards...
...threading the narrowing gap between capacity and Defense production, none footed it so featly as the automakers. As soon as the President called for 50,000 planes, people figured Detroit would make few cars that year. But before anyone could say whether or not Detroit should have the necessary tools, its retooling was already under...