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...committee had no choice. The U.S. gold hoard, which amounted to a historic $22,737,000,000 at the time of Pearl Harbor, is now down to $20,452,000,000. This might shrink even further if foreign balances in the U.S. of $5.3 billions are converted into gold. Reason for today's lowered total: the U.S. has been paying cash for more than half of its war imports and purchases in foreign lands (most of its vast exports are lend-lease, bring home no U.S. dollars). Thus the gold which poured into...

Author: /time Magazine | Title: FISCAL: Cut in Gold | 3/26/1945 | See Source »

...them believe he has slighted their service. In a special sense, the Pacific War is and has been the Navy's war, and the Navy knows that its prestige in that war is its great claim to public and Congressional support after the peace. The Navy would shrink from any public controversy with prestige-laden Douglas MacArthur. Its policy is rather to sit tight and trust that time and events, principally on Luzon, will solve the problem...

Author: /time Magazine | Title: World: Who, When & Where? | 2/19/1945 | See Source »

...attract attention to himself. But the stars of the Burns & Allen show are Burns & Allen. Advertisements that printed ambitious Bill Goodwin's name in type as big as the stars' rocked George Burns back on his heels. Presently Goodwin's publicity and his lines began to shrink...

Author: /time Magazine | Title: Radio: Announcer's Exit | 1/8/1945 | See Source »

Many consumer-goods industries also saw profits shrink from last year. Textile-company earnings were down 12%; food companies, unable to outfoot rising costs, were down 5%. General Foods reported a slightly lower net on record sales of $209 million. Their $28 million increase in sales was just matched by a $28 million increase in the cost of sales...

Author: /time Magazine | Title: EARNINGS: Oils Up, Steels Down | 11/13/1944 | See Source »

Pedal Extremity. In Oakland, Calif., Mrs. Very Perry won a divorce on the ground that her husband, Joaquin, to keep her from running around at night, soaked her shoes in water, put them in the oven to bake and shrink...

Author: /time Magazine | Title: Miscellany, Aug. 21, 1944 | 8/21/1944 | See Source »

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