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...Talking, More Facts. Day before, in a stroke which inspired confidence in & out of Washington, Franklin Roosevelt had made these three men his Rubber Committee. Their chairman: Baruch. Their job: to probe all synthetic rubber possibilities, weigh the whole question in relation to war needs and the supply of raw materials, report back quickly to the President. To give them a clear hand, President Roosevelt had vetoed a bill-shoved through Congress by the farm bloc -which would have set up an independent agency to make synthetic rubber from agricultural and forest products...

Author: /time Magazine | Title: Three Men on a Bench | 8/17/1942 | See Source »

Biggest victim of U.S. price-fixing is the huge and highly complicated business of feeding the people. This is the only industry whose major raw-material costs have been left completely out of control (except as the Government can keep the prices of a few items down by threatening to unload some of its surplus holdings). With selling prices tied tight and costs free to rise, food processors, wholesalers, brokers and retailers have been squeezed against OPA ceilings...

Author: /time Magazine | Title: Business & Finance: Squeezes and Subsidies | 8/17/1942 | See Source »

Purp (formally known as the Production Requirements Plan) is Don Nelson's way to end the raw-materials "shortage."' The most far-reaching plan ever devised to control U.S. production from Washington, its job is to trail every ton of priority material down to its ultimate use. Purp would stop stockpiling and hoarding by putting all allocations on a short-term basis. The statistical job it requires is so immense that Washington wags say only six men understand it and five of them have gone crazy; it is so elaborate that, during its "voluntary" trial last spring...

Author: /time Magazine | Title: Business & Finance: Last Chance for Purp | 8/17/1942 | See Source »

...program committee, neatly mixed a pair of metaphors by saying it was high time for Don Nelson to "take the bull by the horns and cut off a few heads." Angry Mr. Truman was on the beam with the U.S. temper. But he had no solution for the raw-materials mess and no over-all explanation either...

Author: /time Magazine | Title: Business & Finance: Last Chance for Purp | 8/17/1942 | See Source »

...blueblood marriage). Then he goes back again. On the way up, he has an affair with a bordello keeper (part real, part Hollywood) and a fascinating raftsman's apprenticeship to a gigantic veteran of the rivers. He is the center, also, of some superb fights, crooked and raw deals, and river adventures...

Author: /time Magazine | Title: Books: Men From the South | 8/10/1942 | See Source »

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