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Updated: June 9, 2025
The bulk of the expenditures from the loans already granted will fall in the fiscal year 1946 while the bulk of the expenditures from loans yet to be negotiated will fall in the fiscal year 1947. In view of the urgent need for the Bank's credit, I may find it necessary to request a further increase in its lending authority at a later date.
The Angel Æthereal, on his official visit to the Earth in 1947, paused between the Bank and the Stock Exchange to smoke a cigarette and scrutinise the passers-by. "How they swarm," he said, "and with what seeming energy in such an atmosphere! Of what can they be made?" "Of money, sir," replied his dragoman; "in the past, the present, or the future. Stocks are booming.
Many of our families today are suffering hardship because of the high cost of living. At the same time profits of corporations have reached an all-time record in 1947. Corporate profits total $17 billion after taxes. This compared with $12.5 billion in 1946, the previous high year.
Somewhere in the archives of the Air Force or the Navy there are records that will show whether or not a balloon was launched from Clinton County AFB, Ohio, on January 7, 1948. I never could find these records. People who were working with the early skyhook projects "remember" operating out of Clinton County AFB in 1947 but refuse to be pinned down to a January 7 flight. Maybe, they said.
In July 1946, Harry Barnett, a Royal Air Force officer attached to the Press Department of the British Embassy in Athens obtained an experimental transmitting licence from the W/T section of the Ministry of Posts & Telegraphs, with the callsign SV1WE. At that time he was living in a flat in Athens and could not put up an antenna, so it was not until June 1947 that he became active.
The second study that Project Bear would undertake would be a statistical study of all UFO reports. Since 1947 the Air Force had collected about 650 reports, but if our plan to encourage UFO reports worked out the way we expected this number could increase tenfold. To handle this volume of reports, Project Bear said that they would set up a complete UFO file on IBM punch cards.
"Any substantial reports of any unusual aerial phenomena would be processed through normal intelligence channels," they told the press. Ever since July 4, 1947, ten days after the first flying saucer report, airline pilots had been reporting that they had seen UFO's. But the reports weren't frequent maybe one every few months.
Today I shall outline five major economic policies which I believe the Government should pursue during 1947. These policies are designed to meet our immediate needs and, at the same time, to provide for the long-range welfare of our free enterprise system: First, the promotion of greater harmony between labor and management.
Retention of the United States Employment Service in the Federal Government for a period at least up to June 30, 1947 as recommended by me on September 6, 1945. Legislation to increase unemployment allowances for veterans in line with increases for civilians as recommended by me on September 6, 1945.
It would be out of place here to give a full description of the vessels which at the period of our story, in 1947, crossed the Atlantic at an average time of three days, but an idea of their construction will suffice. Most of these vessels belonged to the class of the Euterpe-Thalia, and were, in fact, compound marine structures, the two portions being entirely distinct from each other.
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