Word: springing
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Dates: during 1940-1940
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...President in this hour of urgency had two ends in view. One was speed to meet a grim short-term deadline-the fair skies of spring in England, when Hitler may invade Britain. The other was to expand the whole U. S. economy into enormous productivity for the long-term struggle against a possibly victorious Axis -a project that was moving like a big river, so broad that the actual speed of the current was almost imperceptible...
When Henry Ford talked about "1,000 planes a day" last spring, the U. S. quivered to attention. Mr. Ford now hopes to have a new aircraft engine factory ready by next fall, produce 4,500 engines by mid-1942. If Mr. Reuther had his way, Ford Motor Co. would probably not be building a new plant. Instead Ford would be turning unused space, men, machines in his own and other manufacturers' plants to aircraft production. So would all the other automakers, to manufacture aircraft and engine parts for which their facilities were best fitted. Everybody would...
...sorrowing old President Kallio was too tired to climb the mountain-high problems ahead of him last spring. His country's best land had been handed over to the enemy. The best of its male youth was dead or disabled. Shortages of food, medicine and clothing were tying up the task of resettling half a million refugees from the ceded areas. And the rest of the world, which had loudly applauded Finland's gallant fight last winter, turned its sympathies to new underdogs in the fall. Though free and independent, Finland was thoughtlessly classed with the conquered...
Hitler and Roosevelt came to power at almost the same time. It was that spring in which all banks were closed in the country where dollars mattered. Few businessmen could read that portent. Most businessmen retained their faith that this depression would pass like others. Not until the Second and Third New Deals did businessmen begin to suspect that the New Deal was splitting the Money-Power atom; that henceforth money would be just money, while Power was going to belong to politics. A.D. 1940 was the year in which that suspicion was confirmed...
With the Supreme Court's Los Angeles lumber case to guide it (TIME, Dec. 18, 1939), the ICC in reorganization cases has recently shown little mercy to common stockholders whose equity is under water. Its plan for the Missouri Pacific last January wiped the common out entirely. Last spring it worked out a plan for Erie. To placate the two major interests- which had been bickering since Erie fell into receivership-ICC effected a compromise. The interests: 1) the Erie bondholders; 2) the C. & O., which held 56% of the voting power. The compromise: capitalization would be slashed from...