Word: opa
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...January employment is always less than December's, when the Christmas trade is glowing; 351,000 more were in jobs than were working in January 1948. Wholesale food prices were also dropping sharply-the Dun & Bradstreet wholesale food price index was the lowest since the end of OPA...
Chester Bowles was inaugurated as governor of Connecticut, and coined a phrase which seemed to stem equally from his background as 1) a New York advertising executive, and 2) head of OPA. Democrat Bowles promised the state a program of "competent liberalism...
...year's end, prices of electrical appliances (refrigerators, irons, washing machines, etc.) were down 25% from their peak; cotton cloth was down again to OPA levels and below. Some prices were still rising (autos, metals, etc.), but the "cost-of-living" items (food, clothing, furniture, etc.) were coming down. A drop in retail sales had scared department stores into a rash of pre-Christmas price cutting. Even then, stores barely managed to sell as much...
Despite rising costs, woolen fabric makers were talking price cuts; clothing manufacturers, whose goods were not moving well at the present high prices, had cut back orders. Cotton cloth prices were already down; grey (unfinished) goods were back almost to 1946 OPA levels...
...Democratic talk of stand-by price controls, an excess-profits tax, repeal of the Taft-Hartley Act, and demands for wage boosts from tough, confident unions backed by a labor-minded Administration (see NATIONAL AFFAIRS). But calmer businessmen recalled that it was a Democratic Congress which had let OPA die, that President Truman had approved the repeal of the wartime excess-profits tax in 1945, and that wage boosts were bound to come anyway, as long as business and profits were so good. In short, they hoped that the Democratic bark would be worse than Congress' bite...