Business & Finance: Baruch Program

Because Elder Statesman Bernard Baruch has an almost mystic reputation as the Man Who Can Solve Anything, the Baruch Report issued last week was widely and wrongly billed as a complete postwar blueprint. This impression was reinforced by its sheer bulk: 120 mimeographed pages, 30,000 words, one pound.

But as Baruch himself put it: "I didn't cover all the world." The report is aimed at one target: to make sure that the short-term complications involved in converting U.S. industry to peace do not make the long-term job of winning the peace itself more difficult—or...

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