Word: deale
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Dates: during 1940-1949
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Soon President Truman was throwing bricks at his favorite targets-the 80th Congress, the "privileged few," the "vested interests." He recalled that Minnesota had been carved out of Thomas Jefferson's boldly expensive Louisiana Purchase, which he likened to his own plan of expansion: the Fair Deal. Cried Truman: "There are people who contend that these programs will cost too much, just as the reactionaries in Jefferson's day contended that $15 million was too much to pay for a million square miles of new territory. They were wrong in Jefferson's time, and they...
High Hopes. Thus, with high hopes, the United Steelworkers set out last week to deal with steel companies who, after five strikebound weeks, were making conciliatory sounds. In contrast to the simple 10?-an-hour plan proposed by President Truman's fact-finders and rejected by industry, the new formula required four typewritten pages of "simplified" explanation by the union. The steelworkers would pay some of their wages-2¼? an hour-into the insurance half of the fund, with Bethlehem chipping in another 2½? an hour for each worker. But the company would have...
...said Angelo, "it hurts the stores most. The big farmers don't buy any more in hard times than in good." Jesse Huggins, a spare man in old Army clothes, who had been picking pecans until Sims drove up, didn't think much of the Fair Deal. "We call it the Raw Deal down here. It's no deal at all," said he. He agreed with Sims that farmers should diversify their crops, but said that "cotton is all some of them can do. Some go into truck, but truck is high risk along with high profit...
...human side, the U.S. deal with Newfoundland looked every bit as sound. In 1940 President Roosevelt, announcing the 99-year lease of the bases from England, had called them "gifts, generously given and gratefully received." Since then, both sides seemed to live up to the spirit of the exchange. Some 900 U.S. servicemen married Newfoundland girls. Yank troops visited Newfoundlanders' homes; islanders were invited to the Americans' parties and theaters. To all appearances, the hospitable Newfies and the free-spending Yanks had worked out a near-perfect landlord & tenant arrangement with never a thought of breaking the lease...
...sell & leaseback" deal was doubly advantageous. Yale would get a fairly sure tax-exempt income of 5.3% on its investment. Macy's would get its $4,500,000 out of dead brick & mortar into lively working capital, still have the use of the building. Since the rent is taxexempt, it is probably lower than Macy's would have to pay to a taxpaying owner...