Word: expands
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Dates: during 1950-1959
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With such help, Agnelli continued to expand Fiat in the '30s, entered World War II with the huge, new Fiat-Mirafiori auto plant. As one of Italy's biggest armament makers, Fiat was soon turning out everything from trucks to airplanes to machine guns...
Defense Secretary Charles Wilson has now bought the Air Force argument. He has approved a new $10,000,000 loan for Titanium Metals Corp to expand its pilot plant, and a $26 million loan for Chicago's Crane Co. to build the biggest titanium plant yet planned, near Nashville...
...single consolation for Norway's free enterprises was that it might have been worse. A companion bill for "Rationalization . . . and the Development of Economical Activity" would have empowered an economic dictator to fire company directors, effect mergers, expand or limit production, or even confiscate industries. Fortunately, even the Laborite-Socialists gagged at this proposal and dropped it. The law that did pass allowed businessmen to keep their jobs, even if it conferred most of their powers on an economic czar...
...effect. But the FRB could not raise reserve rates; in general they were already at the maximum. It could, and did, raise the discount rate (from 1¾% to 2%). Then, in order to get a large part of the debt away from banks which would use it to expand credit, the Treasury offered $1 billion worth of 30-year bonds, with an interest rate (3¼%) high enough to make insurance companies and ordinary individuals want to buy them and tuck them away. In its wake came additional rises in general interest on loans, mortgages, etc. There are already...
When Edward O. Boshell, 51, became president of Westinghouse Air Brake two years ago, he found the till full of cash. There was more than $25 million in "excess working capital" on which the company was earning virtually nothing. Boshell decided to spend it to "expand and diversify the company's business as quickly as possible." In short order, he bought: ¶Virginia's Melpar,Inc. (industrial research...