Word: credited
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Dates: during 1930-1939
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...strikes, clashes between rival labor groups, bandit raids, ominous grumbles by the newly-enfranchised peons against the failure of President Lázaro Cárdenas' agrarian program and revolts by disenfranchised landlords. Crux of the trouble is Cárdenas' lack of money. With a failing credit he has had to curtail public works projects, throw thousands out of work. He has divided huge estates into small peasant holdings, but has been unable to advance the peons credit for stock farm equipment, seeds...
Typical was the condition last week of Tamaulipas State, where incipient outbreaks occurred. Thousands of peons found that bank credit for Mexico's late cotton-planting season was nonexistent. Suddenly, the Government suspended irrigation public-work projects for lack of cash. Discontent was widespread and the Gold Shirts decided on their abortive attempt to stir the unrest into mass revolt. At week's end the President ordered Government jobs provided for them on the Matamoros-Ciudad Victoria highway construction...
Seven months ago Army Chief Colonel Fulgencio Batista launched a social, economic "New Deal." On the one hand he amnestied Tyrant Machado, on the other he decided to make payments on the defaulted bonds to bolster Cuba's credit so he could begin borrowing afresh. Last week he had his figurehead President, Federico Laredo Bru, rubber-stamp through congress a settlement which provides: 1) refunding of $40,000,000 5½% bonds, largely held by the Chase interests, with a 4½% issue; 2) payment of $20,000,000 short-term credit owed the Chase; and 3 ) appointment...
...penny to a pound. There are three cardinal requisites for an "investor" (the word bettor is shunned): He or she must be over 21, must not "invest" with cash, must never visit the promoter's premises. To circumvent England's Betting & Lotteries Act, all transactions are on credit, cash is sent the following week. If an investor fails to follow up with cash, he is promptly put on the Confidential Black List which all promoters keep in common. One establishment, Littlewood's of Liverpool, has received so many pennies and pounds that it has grown from...
About a third of all retail sales-some $13,000,000,000 out of 1937's $40,000,000,000-are made on credit. Two-thirds of these are on charge accounts, the rest, almost to $5,000,000,000, on installments...