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Another geyser, hotter than ever, boiled up from the underwater world of ballpoint pens. As usual, it was started by Milton Reynolds, the Old Faithful of ball-pointism (TIME, Nov. 12, 1945 et seq...
...help lick the shortage-a prefabricated one of enameled steel. The cash, in the form of a loan, went to Chicago's Lustron Corp., which had asked RFC for a maximum, of $52 million last fall to finance building of veterans' houses (TIME, Nov. 11, et seq.). Then, RFC had turned Lustron down flat on the grounds that Lustron was putting up too little of its own capital ($36,000), stood to make a 14,000% profit. Lustron also tried and failed to get the Government-owned Chrysler-Dodge plant in Chicago...
Onward rolled the portal-to-portal snowball. By last week labor unions had filed suits for retroactive pay under the portal principle (TIME, Dec. 16 et seq.) to the staggering total of $3 billion...
Automakers' big plans for little cars quietly folded last week. Henry Ford II, who had talked about a new car cheaper than any now on the market, announced that the Ford company had discontinued the division which had been working on the new auto (TIME, Feb. 4 et seq.). General Motors, which had recently set up a new car division in Chevrolet, announced that it too was shelving its plans for the present. It saw no way to get materials for new plants. In short, harassed automakers, up to their cowlicks in production troubles, were too discouraged to take...
...When the Senate War Investigating Committee set off its explosion of scandals about the Garsson brothers' string of 4.2 mortar-shell factories (TIME, July 15, et seq.), it also touched off a series of reports that many hundreds of U.S. soldiers had been killed or maimed by defective mortars...