Green Light. To keep the nation's railroads "in a reasonably healthy condition," the Interstate Commerce Commission granted their request for an emergency increase of 10% in freight rates. Exceptions on coal, coke and iron ore rates reduced the overall increase to 8.9%. Estimated annual increase in shippers' bills: $700 million.
Atomic Soil. As TVA administrator, David E. Lilienthal was once the bogeyman of private power magnates. As chairman of the U.S. Atomic Energy Commission, Lilienthal spoke soothing words in Detroit to free enterprisers. Reporting that commercially feasible atomic power was probably at least a decade off, Lilienthal added : "... This...
To continue reading:
or
Log-In
