Word: coppers
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Dates: during 1940-1949
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That the new cruzeiro system would bring immediate relief seemed dubious. In effect, Brazil would get not only new money, but more money. Only gradually will the new 10, 20 and 50 centavo pieces, the new, uniform-size cruzeiro bills supplant the timeworn milreis. The new coins, copper, aluminum and zinc, minted since Oct. 12 are being released immediately, but surcharged milreis bills will for a time serve as cruzeiro bills...
Slow But Sure. But, though CMP is the new order of the day, it will take over the field gradually. First end-product to get the CMP treatment will be aircraft, first raw materials will be steel, copper and aluminum. Purp will still be used for "shelf good's" (like nuts and bolts and nails) where it has proved to be a simple and efficient means of scheduling...
...Gaye running the roulette wheel in a New Mexico "sporting house" filled with painted ladies whose names are strange to him-Midnight Rose, Drowsy Dolly, Fleabitten Daisy, Rowdy Kate. Gaye Oldaker's lady friend, Tacey Cromwell, runs the establishment. But after Nugget turns up Tacey moves to the copper town of Bisbee, Ariz., where she hopes to leave her "sporting" life behind her, to marry Gaye and make a home for Nugget. The family circle is completed when a miner is killed and his wildcat daughter, Seely, is taken in by Tacey...
Instead higher returns may be granted to some companies by revising the production quotas which have been in effect for some time. Under this system a company now gets 12? per pound for anything produced up to its allotment, but gets 17? for any additional copper. By reducing quotas downward the Government can in effect pay more for copper while maintaining the 12? fetish...
When Price Boss Leon Henderson consulted with Economic Stabilizer Jimmy Byrnes, his argument for this scheme was that since the ceiling would be maintained, the move would not be inflationary. Actually, of course, if the Government pays bigger subsidies to corporations (be they copper companies or milk companies), and the corporations pay higher wages which are used to buy consumer goods, the net result is very definitely inflationary. The truth, which the Government has acknowledged but refused to face, is that copper is so badly needed that it is cheap at the price of a little inflation...