Word: credited
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Dates: during 1930-1939
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...Rumanian Government newsorgan Viitorul burst out defiantly last week: ''Rumania is not Germany's vassal, nor is she a substitute for Germany's lost colonies!" Viitorul accused Germany of systematically buying Rumanian raw materials on credit, then turning around and selling them at cut rates for gold on the world market, thus adding to Germany's hard cash reserves, leaving Rumania holding German promises to pay. This game the Nazis have been playing all over southeastern Europe and in Latin America for several years. Said Viitorul: "We cannot afford to tie ourselves solely to Germany...
...Oscar de Fragoso Carmona not with Hitler but with Chamberlain. The Germans had offered to sell armaments to Portugal and make immediate deliveries, but on barter terms-Portugal would have had to pay promptly in goods. The British outbid the Germans by offering Portugal armaments on credit-the sort of "loan" to a useful little ally which in Europe is often simply not repaid...
...balancing the credit side of the ledger of cities taken, provinces overrun, is the fact that Japanese control in the conquered territory is limited to rail-lines, roadways. Her battle front, supplied by overstretched, underprotected communi cation lines, is strung out three times as long as the Western Front during the World War. Behind these front lines Chinese guerrillas range with murderous freedom. In Shansi Province, "occupied" by Japanese for four months, 28 divisions of the Chinese Communist 8th Route Army move about organizing the peasants into a Communistic province within a province. At Peking, Chinese soldiers last week attacked...
...price policies primarily for monopolistic and profit-hogging reasons. The new Brookings book, Industrial Price Policies and Economic Progress, therefore took as its theme the factors that entered into an executive's choice of certain prices for his company's products. Lion's share of the credit for the first four volumes went to the Institution's president, bald, vigorous Harold G. Moulton. Actually the concept was as much the creation of its Institute of Economics director, tall, distinguished-looking Dr. Edwin Griswold Nourse (rhymes with "course") and the latest book is published over his name...
...with Depression II they plopped to $3,916,000,000 for the week ended June 22. Last week, for the first time in 21 weeks, the Federal Reserve's tabulation showed a rise. The substantial $20,000,000 rally made economists wonder if the turn had come in credit as it apparently had in the stockmarket. That the volume of bank loans to commerce, industry and agriculture was expected to slump again this week was easily explained -U. S. Steel Corp. repaid the $50,000,000 it borrowed last December...