Word: opa
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...York, an official of a waiters' union complained that tips had shrunk sharply since OPA ended. Said he: "The customers are taking out their resentment against the higher price of food on the employes...
...OPA, to a great extent, was the cause of its own fatal disease. Paradoxically, it controlled too much in some industries and not enough in others. By keeping controls on capital goods, e.g., weaving machines, it discouraged industry from turning out the machines to make badly needed goods. By not controlling cotton (the greedy congressional cotton bloc made that impossible), OPA had no choice but to see textile prices rise steadily as cotton soared. And as the Administration let wages go, not even Gulliver could hold down prices...
...when, ripped and riddled, OPA fell, dying, in July, empty stockyards became the scene of stampedes; out came the held-back goods; up went prices...
...industry knows that it is due to go through an economic wringer. Furriers made the most of the easy-money period during the war and immediately afterwards. When OPA controls came off, prices of luxury furs doubled; medium-priced furs went up 50%. The buying rush has come to an abrupt end because of 1) the unseasonable warm weather, 2) fur imports from abroad, and 3) buyers' resistance to the high prices...
...Cleveland, a landlord named Arthur Clark hit on a novel way of evicting tenants who refused to pay more than OPA rents. He hired a gang of thugs, equipped them with pistols, blackjacks, clubs and a baseball bat, sicked them on his tenants. One tenant died of a cracked skull. Last week Clark and one thug were convicted of second-degree murder, sentenced to life imprisonment...