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Dates: during 1940-1949
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Einstein's Relativity explained (to the serious students who understand it) the gravitational field which extends throughout space. But it did not explain the electromagnetic field, which is quite as big a subject. Physicists have plotted some minor electromagnetic laws. Engineers know some rules of thumb: they deal with electromagnetics in nearly every piece of electrical apparatus they touch. But no one has come forward with one acceptable theory to explain both the gravitational and the electromagnetic fields...

Author: /time Magazine | Title: Science: Einstein Stopped Here | 2/10/1947 | See Source »

...around to telling the people some of the hard facts of their economic life. On the eve of Parliament's reassembly it issued a White Paper, chocked with black news. Britain's position was "extremely serious." The U.S. and Canadian loans "only give us a short breathing space." The country was "still running into debt Abroad." In 1946 its imports exceeded exports by $1,312,000,000. Its manpower shortage was grave: 500,000 to 700,000 more workers were needed in export industries if the trade balance was to be attained...

Author: /time Magazine | Title: Foreign News: The Bad News | 2/3/1947 | See Source »

Every Wall Streeter thought he knew the answer. The answer was personal; a shrewd, scrappy little man named Robert Ralph Young, board chairman of the Alleghany Corp. In the short space of a few years, Bob Young had become the most-talked-about railroadman in the U.S. Consequently, people took stock-quite literally-in what he intended to do. He had already put together a railroad kingdom out of the roads which Alleghany Corp. controlled: the Chesapeake & Ohio, the Nickel Plate, the Pere Marquette and its stock interests (in ten other roads). Now he was after an empire...

Author: /time Magazine | Title: RAILROADS: Galahad on Wheels | 2/3/1947 | See Source »

...cross the country without changing trains-but you can't!" had forced the railroads to start the first through transcontinental service. He had sounded off about a lot of things that people had been putting up with and not liking-the block-selling of Pullman space (by which big companies often tied up space they did not use), old-fashioned sleeping cars ("rolling tenements"). He had pulled his roads out of the venerable Association of American Railroads ("that broken-down lobby") and this month will set up his own railroad association...

Author: /time Magazine | Title: RAILROADS: Galahad on Wheels | 2/3/1947 | See Source »

...assets had already given her a running start. In recent weeks she had: 1) applied for 10,000 watts and a 24-hour broadcast day; 2) bought an empty church in downtown Manhattan to give WLIB much-needed Manhattan office and studio space ("You can't get people to go to Brooklyn just for a broadcast"). Program deals already on the fire...

Author: /time Magazine | Title: Radio: Sick Baby | 2/3/1947 | See Source »

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