MOBILIZATION: Half Speed Ahead

The U.S. is still bustling with civilian prosperity. More than a year after the Korean war began, six months after the President proclaimed a national emergency, there is no trace of stern austerity, though the nation is both fighting a big war and mobilizing against the threat of a bigger one. Stores still bulge with everything from aluminum ski poles at $7.95 a pair to metal-hulled cabin cruisers at $5,500 each. Most corporate profits are at record-breaking levels or close to it. So are prices—and so too are wages. Instead of becoming...

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