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When Congress okayed the Capehart amendment to the price-control law, Harry Truman described the legislation as "terrible." Under the amendment, manufacturers are permitted to raise their ceiling prices to allow for all cost increases from the start of the Korean War up to July 26, 1951. Last week Price...

Author: /time Magazine | Title: CONTROLS: Ceiling Raiser | 11/19/1951 | See Source »

Shift of Power. The British measures are roughly similar to those which the U.S. Federal Reserve Board put into effect last March to squeeze the supply of U.S. bank credit. At that time, FRB abandoned its policy of buying all Government bonds at a pegged price (just as the Bank...

Author: /time Magazine | Title: BANKING: The Old Lady Shuts Her Purse | 11/19/1951 | See Source »

While its words were no less warlike, and it was still adamant in demanding British evacuation, the Egyptian government was acting with more restraint. It had obviously given up the reckless notion that its sorry army could push the trim, entrenched and reinforced British forces out of Suez; it was...

Author: /time Magazine | Title: THE MIDDLE EAST: Not So Violent | 11/5/1951 | See Source »

In a chandeliered ballroom, among television cameras, popping flashbulbs, and flowing champagne, Mme. de Siva watched 15 giggling glamour girls trying unsuccessfully to squeeze their toes into a pair of gold kid slippers, size 3. Mme. de Siva stepped forward. People snickered, but the golden slippers slipped easily on to...

Author: /time Magazine | Title: FRANCE: The Hour Was Late | 11/5/1951 | See Source »

Is SDPA really necessary? Telford Taylor thinks so. To insure small business "a full part" in mobilization, he expects to set up SDPA offices in Washington and around the nation, although he is "hopeful of keeping our Washington staff below 200." But small business, already in the arms program up...

Author: /time Magazine | Title: SMALL BUSINESS: Protection Needed? | 10/29/1951 | See Source »

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