Committee for Economic Delusion
An Editorial Committee for Economic Delusion LUST tut the Committee for Economic Development (Cir» «toP>*T#d lu PVP0*** »nd »'»"» before Lflane* *t Um N*w Y*rk Times Forum. This is the Mvsst...
...Leonard P. Ayres of the Cleveland Trust Company predicted that a "reasonable postwar figure in prosperous times might be about 2,600,000 unemployed...
...Y.) -.........--------------- 1323 000 000 1,207,000,000 10% Baltimore * Ohio R.R.--------.........---------------------- 1*202 000 000 1,143,000,000 5% Commonwealth dt Southern System..................------------- l'lls'oOoioOB 858,000,000 30% R. I. du Pont de Nemours--------------..........------------ 1 045 000 000 733,000,000 42% Bethlehem Steel Corp...
...1 456 000 000 1,219,000,000 19% Union Pacific R.R--.-------.....-------------------------- 1421 000 000 1,353,000,000 6% Consolidated Edison Co...
...omolidated and Vultee companu, in 1940.____ tfi.ee/ year ending Not...
...The Foreign Trade Convention of American business urged the organizations of internstional cartels...
...O30 00o|ooo 930,000,000 11% Soeony-Vacuum Oil Co.---------—- ---------- 1 009 000 000 692,000,000 24% Ford Motor Co.-------------......-......---------The 16 nonfinancial leaders on basis of annual...
...If intsetry, transportation and trade throughout the eesatry can come up to this mark, we are told, we can have a labor force of from 64 to 56 millions...
...JJ...
...All of these things the CED ap****** toave out »f their account...
...And a decisive majority will vote FDR...
...The CED sas set itself the task of organising these men, getting thaw to prepare projects and to report the number of sew jobs they will have to offer on X-Day...
...There must be an adjustment of credit to the needs of investment and the market for consumption goods...
...The five parties are: the Socialist, Peasant, Christian Democratic, Labor, and Polish Workers (Communist...
...2 102 000 000 1,820,000,000 15% New York Central R.R-------...................................---------------------- iWWoOO 1,310,000,000 19"/Atchison, Topeka eV Santa Fe R.R...
...New Zealand labor announces plans for publication of a daily- paper...
...They have reports, they ssy, which jajfeVfy them in asserting that in six major cities sill ate business will be able to put to work 23'/, pereest mere men than were employed in 1940...
...no longer the No...
...The responsibility for ensuring that total investment, whether private, municipal, State, or Federal, is sufficient to support full employment rests with the Federal Government, said Chester Bowles, head of OPA...
...J.)---------.........-------------- 2265 000 000 1,323,000,000 71% General Motors Corp-----------------.............-------------- 2 237 000 000 1,908,000,000 17% Southern Pacific System ------------------..............------------------- 2,i06'o0o'o00 1,769,000,000 .19% V. 8. Steel Corp...
...Soldier correspondents report that the machinery of soldier voting is so well organized that the soldier vote will be larger than expected—perhaps larger than if the soldiers were still civilians...
...Hearst has ssved Americs from ths Judo menace...
...New Zealand is far ahead of the USA in this respect...
...So is foreign trade...
...Someone should tell them that this has bee* tried over and ever again...
...or revenue, are: i<xj» 1939 $3 796,000,000 $1,377,000,000 176% General Motors Corp-------------.............-------------------- 1977 000 000 904,000,000 "9% U. 8. Steel Corp------------------------------- iWoOO.OOO 414,000,000 360% Bethlehem Steel Corp.--------------------------------------- 1648 000 000 1,107,000,000 49% American Tel...
...Hoffman, chairman of CED, indubitably with innocence, replied: "I am no economist...
...Tel...
...Senator LaFollette damned both the "imperialist designs of Churchill and the Soviet drive for power of Stalin," in an article in his Pragreuiv...
...This would exclude the ultra-nstionalist and ultra-conservative parties now represented in the Mikolajcsyk government...
...he did boast that h* would be the first to spit in the Seine...
...Th* eager Times Forum apostles wm ast eesvterned with any such theoretical figure or w,th the problem of taxation...
...This is a big-business scheme to substitute business plsnning for national planning...
...Already they have (0,000 businessmen corralled in 2,000 comMenity groups...
...sV Tel...
...Off**** 7...
...The number of towns, group* and concerns involved is constantly growing...
...Final years ending Feb...
...General Patton (who now gets a good press...
...Iran has rejected Russia's first bid for capital investment abroad, and will not grant a concession for the development of oil fields, at least until after the war...
...SI, 1944, end 1940...
...This number is given because there are that many employers la this country furnishing watt to fewer than 100 employees each...
...They are quite right about not being economists...
...jjm „nw.U„n» Itoto* htrt, II to * Fucef years ending in October...
...Churchill has proposed a compromise between the Moscow-dominated Lublin Committee for National Liberation and the London government-in-exile, providing for the equal representation of all five major Polish parties in the new government instead of a coalition...
...But there is a deep danger involved in building up national faith in a scheme as uncertainly based as this one of the CBD...
...ol Amenca may property ffO)$H fMlsMM Www...
...In the idea that 2,000,000 little plans are better than one big one there is a basic flaw...
...Ths California Ham'n Eggers are on the air nightly supporting Dewey, and advertising a remedy for rheumatism...
...But they have no idea about markets...
...His Los Angeles papers, hysterically anti-Nisei, exposed a clsss in Judo taught by a police ssrgeant and had it closed, alleging that it was "Shintoism" and that white girls wrestled with Japanese men...
...These Bulgarian forces were slow in evacuating Yugoslavian Macedonia and Greek Thrace, where they aided th* guerillas under Tito and the KAN-ELAS, ceasing uneasiness in London...
...FDR pledget support for "Palestine ss a fro* and democratic Jewish commonwealth...
...of N. J. —---~ i/295'ooo'oOO 49,000,000 2,643% Cartiss-Wright Corp.-------- '988 000 000 28,000,000 3,429% Douglas Aircraft Co.---——-- 980 000 000 431,000,000 127% ^•ansylvania RJl--:----- 886 000 000 650,000,000 61% ChryswrCorp------¦- t853'oOo',000 t617,000,000 38% Sears, Roebuck * Co-------- 1831 000,000 tl6,000,000 6,444% Consolidated Vultoe Aircraft Co---—-->- *m m m 42,000,000 1,860% **a*ta...
...Co.........._ ----- .....-......- 2812 000 000 2,359,000,000 19% Pennsylvania R.R...
...They exhibit a simple faith that production in ail-seaYleieert: that it f*J**s are fabricated, some magic power will Saute* them up and pay the price...
...t*W years ending Jon...
...Dimitrov wrote in the Sofia Communist paper that Bulgarian troops were welcomed into the Red Army...
...This is the Mvsst iaspertaat business group to enter the A eld 4 ¦hr-'-f f of"***4*- *" ways it offers m jsjeisftTf cemtrast to the National Association of g^afocuirers and the Chamber of Commerce, lis laadars are eager ami hopeful...
...Juvenile delinquency, which has increased during the war, will continue to increase after the war, N. Y. polios and FBI officials declared, urging greater community cooperation as the remedy...
...That's one thing I like about it—only in a totalitarian state is there unanimity...
...L. M. O. The War Years The Nation's Largest Industrial Enterprises M industrial, rail and utility corporations company Now on top is Metropolitan The American Telephone dt Telegraph Co...
...They plan blindly to produce goods for a void...
...Its faith is based on such ancient key words as "initiative, courage, resourcefulness...
...and Aluminum Co...
...2 328 000 000 2,035,000,000 14% Standard Oil Co...
...It involves investment, production, and consumption...
...the work of organizing, planning, reporting and asssdtaating has been going forward for about two years...
...Co-------------------.1490 000 000 •757,000,000 97% 8wiff4Co--------------------- n'490'000*0OO - ^lS.OOO.OOO 98% Armour * Co------------------—--I'sSs'oOO.OOO 306,000,000 345% General Electric Co...
...m excess »., Asieliaio/ ''<"" Dec 31 1943 0rc.3l,)939 ware 19.» $6 313 000,000 $5,227,000,000 11% American Tel...
...1311000,000 •?990,000,000 32% Gt Atlantic dt Pacific Tea Co-------- 1303 000 000 934,000,000 40% Standard Oil Co...
...1943, and combine dm*™"LLfi% ,„ ,bi, group bat no .«.« fcnm me available...
...In Summary •-Saskatchewan and Alberta in Canada will have the first Legislature* on this continent in which there will be direct soldier representation as a result of th* •lections next January...
...In the CED wt have some of the big men riding herd on the little men...
...Th* 2,000,000 small enterprisers are not expected, of course, to offer the country 50,000,000 jobs...
...Th* better private iadustry plans and the more jobs tt offers, the bettor we shall all be fitted to face the postwar future...
...The national fiscal policy is involved...
...This is substantially the offer made previously, by the London government-in-exile...
...st *rg * ^ ^ ^ The IS nonfinancial enterprises rated largest on the basis of i»*.t relatively few member, of the "Billion-Dollar Club...
...Dividends during the first three-quarters of 1944 totaled 12,480,000.000, or 3.6 per cent more than in the corresponding period of 1943...
...did not bosst that he'd be the first American general to get to Paris, denied Maury Maverick...
...It Is really a Committee for Economic Deluaion...
...Europe Going Left, But Russia Has No Hand in It," runs a I'M headline, above a story by i sympathizer Ralph Parker denying that Moscow want* "Socialism" anywhere but in the USSR----The International Labor Office has Issued a study by Wilfred Benson foreshadowing a change in colonial government, due to the discovery that "consideration of the welfare of and development of the peoples of the colonies is good business...
...2S, 1944...
...It is explained from the start that the great concerns are planning without benefit of monitors...
...There you have it...
...Dewey damned administrative bickering in the New Deal...
...Ford Motor Co...
...1 comp...
...Prime Minister Eraser said labor must have its daily paper to more effectively defend labor's interests against privately owned conservative papers, persistently attacking th* unions and the labor government...
...Delegates to th* conference of all the Labor Parties of the British Commonwealth stressed the fact that they have all made continued growth, and urged th* necessity of pressing for a Socialist solution of social problems...
...pbf the methods being used in every American city gsji tews to plan for greater production and more The idea of the CBD is that we need—not one natiaaal pUn te increase the number of jobs—but t,*st,vOO local plans...
...They have an engaging jag, is their ebjectiree and methods Bp group of a^yMrias ever discussed their gospel with more ^tSvejjMm than did these business leaders at Times g*i The CCD bases Ms much advertised tas plan on |hj sstifT that our postwar income should be stepped a. *» let billions...
...Their task was to di...
...The national economy is one great process...
...ntineM nel(l...
...The weakness of the entire structure appeared whan a man in th* audienc* inquired, perhaps not too innocently: "How do yep know that the workers will have continuously, for two years or ton years, money enough to buy all the goods which you intond to turn out?' Mr...
...Life Insurance Co., for years the runner-up...
...It is the purpose of the leaders to have a really thorough notional coverage by the time the war ends and the beys come home, N. . • • OTHINti, of course, can be said against all «f thie genially promoted activity...
...Senator James E. Murray declared that the trend toward big business and monopoly will continue to threaten small business in ths postwar period...
...There must be a continuous flow...
...and 1940...
...Henry Truman said, "If you stand on Pennsylvania Avenue in Washington end throw a brick at a bureaucrat, the odds are two to one that you'll hit a Republican...
...Andrei Witos of the Lublin group has resigned as Minister of Agriculture due to failure to carry out his program of agrarian reform, and disagreements within the Lublin Committee...
...000,000,000 are: The nonfinancial companies with total con.olxdated a$*el...
...These men can produce...
Vol. 27 • October 1944 • No. 43
