Word: contractions
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Dates: during 1940-1949
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...final economic and financial crackdown against Argentina is in the works. State Department officials talked freely last week of: 1) dropping the United Nations beef contract with Argentina-up for renewal next month; 2) freezing Argentine funds...
Budget Director Smith had other good news. The U.S. debt is not rising as fast as Franklin Roosevelt anticipated last January. Reason: the U.S. is taking in nearly $5 billion more in taxes than it expected to, thanks to 1) the new revenue laws, 2) "more experience in contract negotiation," and 3) higher income-tax returns than hesitant Henry Morgenthau dreamed of. Two months ago the U.S. national debt reached $201 billion; by next June it will be $251.3 billion-just $9 billion short of the legal limit (which Congress can always raise), but $6 billion less than President Roosevelt...
...Congress disagreed most violently on the two questions the U.S. people wanted cleared up first: How much unemployment pay should a war worker expect when cutbacks and contract cancellations leave him jobless? Who should pay him-the states or the Federal Government...
...Down. For almost all corporations, big & small, cutbacks and contract cancellations were the barometer for profits. For example, Remington Arms Co., which pocketed $2,498,000 by mid-1943, this year estimated that its profits had melted to $704,000. Similarly, White Motor Co. slumped to $866,519 v. $1,814,454 in 1943. Even General Motors, biggest U.S. war producer, had shifts in production that knocked down its volume in the second quarter. Despite this, G.M. six-months earnings were $82,769,895 against last year...
...baseball experiences of the 25-year-old Florence, S. C. boy are also reminiscent of a scenario. Fresh out of Columbia Law School and Cumberland University, where he was a three letter man, Jordan signed a contract with the Philadelphia A's and was shipped off to Texarkana in the East Texas League, for the season...