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...nowhere in the world is the hotel trade worse than in the U. S. A year ago this $5,000,000,000 industry reported to NRA that 80% of all hotel mortgages were in default, that hotel bonds were selling for 15?? on the dollar, that one-third of 15,000 or more hotels in the U. S. were unable to pay taxes, that 15% could not even meet payrolls. Repeal jumped restaurant receipts 40% and room receipts have run 12% above 1933, but most of those gains have been canceled by rising costs of labor, food and supplies...

Author: /time Magazine | Title: Business: Hotels of the World | 11/19/1934 | See Source »

...procession of grimy trucks and creaky wagons bearing big placards wound slowly through the deep, dim streets of downtown Manhattan one lunch hour last week. Wastepaper dealers were holding a parade against their luckless lot. Under contract at 15?? per cwt. to empty the trash baskets of Wall Street's tall towers, they were unable to sell their wares for any price at all. Whereas a year ago they could get as much as 70¢ per cwt. for this waste they were now having to pay a big incinerator a fee to dispose...

Author: /time Magazine | Title: Business: Life Among the Brokers | 11/12/1934 | See Source »

...15???The books are closed, with disappointing results. The twelve regional banks technically open. Their lobbies are filled with job-seekers and home-owners looking for loans. The loan seekers are advised to go to private mortgage concerns for relief. Chairman Fort optimistically announces that every good mortgage in the U. S. now becomes liquid and that after Nov. 1, all foreclosures should cease...

Author: /time Magazine | Title: National Affairs: First Loan & Repealer | 12/26/1932 | See Source »

...followers. Under him New Orleans has slipped from second to fifth among U. S. ports. Prisons are so overcrowded that last week Governor Allen had to release hundreds of offenders to save money. The gasoline tax has been upped from 2¢ to 6¢. A 4¢ tax is imposed on 15?? cigarets. Last week Senator Long ordered 100 highway police to stop tax-dodgers from smuggling gasoline and cigarets into the State, warned them not to molest liquor 'leggers. Soft drinks, life insurance premiums, electricity and corporate capitalization are also heavily taxed. Enemies of Huey Long vehemently declare that...

Author: /time Magazine | Title: DEMOCRATS: Incredible Kingfish | 10/3/1932 | See Source »

...send him to a Dresden doctor, Marlene returns to cabaret work, lets a lisping politician (Gary Grant) keep her. The husband, cured and returned, threatens to take Marlene's child away. She is hounded down the scale until she gives up the child, flops in & out of a 15?? flophouse, suddenly reappears as a toasted but disillusioned Paris diseuse. At this point her bony, impassive face, deep, hoarse voice, crazy- reckless look and swagger are unpleasant but impressive. Hardly the madonna type, she comes home for the ultimate pleasure of holding her child for a moment, decides to stay...

Author: /time Magazine | Title: Cinema: The New Pictures: Oct. 3, 1932 | 10/3/1932 | See Source »

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