Word: corpe
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Dates: during 1930-1939
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Last week Mr. Knudsen, president of General Motors Corp. (at $325,000 per year) was definitely uneasy. The man who upped Chevrolet production from 76,000 to 480,000 cars in two seasons (1922-23), then caught and passed Ford, had suffered four full weeks from an ingenious new C. I. O. strike technique. On July 5, when C. I. O. began striking eleven key plants where 1940 models' jigs, dies and tools are built, General Motors had a week's start on Chrysler, which had been set back two weeks by another C. I. O. strike...
Lord Balniel, 38, is the eldest son and heir of the 27th Earl of Crawford. He is a director of the Bank-of-England-controlled $28,000,000 Lancashire Steel Corp., Ltd. He is a member of Parliament, one of 415 Conservative Party members who give Prime Minister Chamberlain his majority, crisis after crisis. So are two of his brothers-in-law. So is his wife's brother-in-law and the ex-husband of another of her sisters. So are the husbands of three of her first cousins. Viscount Wolmer, another Tory M.P., is distantly related...
...five and a half years Federal Deposit Insurance Corp. has guaranteed U. S. bank depositors against loss on deposits up to $5,000. Meanwhile, deposits of commercial banks have increased from $39,562,000,000 to $51,355,000,000 and U. S. bankers have sweated trying to make the billions earn money. Stagnant business and stagnant real estate have reduced the wage that a banker's dollars can earn. To keep them from becoming unemployed he has had to hire more & more of them to the Government. Today all banks have 30% of their total deposits on "relief...
...pleasant picture of dollars on relief was the annual report last fortnight of Federal Deposit Insurance Corp. Chairman Leo T. Crowley. FDIC's own figures looked good enough at first glance. In five years the corporation has had to pay out $21,000,000 to cover expenses and to make good average losses of 16% of the deposits of 252 insured banks that closed or were taken over. Meantime FDIC has taken in $167,400,000 ($124,200,000 of it from ½ of 1% assessments on bank deposits, $43,200,000 from its investments and profits). Result: FDIC...
...hint was directed at the independent stations which still sell him time. Last week one famed independent radioman, President Elliott Roosevelt of the Texas State Radio network, put in a biting 2? worth. On one of his thrice-weekly newscasts over Mutual Broadcasting System sponsored by Emerson Radio & Phonograph Corp., Radioman Roosevelt blurted...