Word: banke
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Dates: during 1940-1949
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...bank may be the nation...
...Showa Denko Co., cause of Ashida's downfall, is Japan's biggest postwar producer of chemical fertilizer. It received nearly 3 billion yen in loans from the Japanese Reconstruction Finance Bank-two-thirds of the total allocation for fertilizer industry loans. In return, Showa Denko spent at least 200 million yen in bribes to government officials, politicians and financiers, and for illegal expenses...
...Answer. In its monthly Business Review, the Philadelphia Federal Reserve Bank also said the steelmen were wrong. Steelmen contended that the uniform basing price was a necessary and "natural" protection for an industry with high capital outlay and high freight charges. In effect, said the bank, they were describing their industry as a "natural monopoly." "If [that] were granted," it warned, "a good case could be made out for regulation of the industry as a public utility...
...bank was also unimpressed with the steelmen's fear that the new pricing system will force many plants to move closer to their steel supply. The manufacturer's steel bill, said the bank, was only one consideration in placing his plant. Others were labor, transportation, and markets. Snapped the bank: "The full impact of the change in our economy will not be apparent for some time, and investigators should not be misled by pat arguments which seem to furnish easy answers to complex problems...
...left bank of the Charles, or, more exactly, in Phillips Brooks House last night, the French club fought a tossup battle over Brooklyn and Beacon Street accents in a game effort to recapture "I'esprit gaulois" on no stronger fuel than ice water. (It was called punch...