Word: fiats
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Dates: during 1940-1949
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Communist Fiat. This throbbing plea for German friendship was only the beginning; this week Stalin continued to woo Germany by announcing that German P.W.s (of whom an estimated 225,000 are still in Russian camps) would soon start going home. Then Moscow went through the diplomatic farce of "recognizing" its puppet regime and exchanging ministers with it. In Washington, Secretary of State Dean Acheson denounced the puppet republic as being "without legal validity or foundation in the popular will . . . created by Communist fiat...
There was much more. But in effect what Churchill had to say was that abundance does not come to a country that tries to have economic equality by fiat. If Britain wanted prosperity, let her vote the Conservatives back...
Osaka, which is Japan's No. 1 commercial city, grew naturally with the progressive expansionism of her hustling merchants. Nagoya, industrially the child of the Greater East Asia War, grew artificially, by military fiat. Fifty-five-year-old Junji Hattori, manager of a Mitsubishi plant in Nagoya, put it this way: "When the military sticks its nose into civilian affairs, it makes horrible mistakes. Look at us now-no money, no initiative, no incentive. I'm afraid Nagoya's flower has bloomed and withered. Whether new buds will appear, only time will tell...
Last week, having run up $800 in back rent, Alfred Birnbaum decided he was better off when he was in his small walk-up fiat, sold all his rights to the $15,000 dream house to a New York lawyer for $1,000, to get the blamed thing off his hands...
...company which will modernize and operate two ANIC refineries, with a combined daily capacity of 16,000 barrels, at Leghorn and Bari. Caltex Oil Products Ho., joint subsidiary of the Texas Co. and Standard Oil Co. of California, bought an interest in Italy's Petrolea S.A., subsidiary of FIAT. Caltex will build a $15 million plus, 10,000-daily-barrel refinery in the Po Valley. Like Standard's new Italian reineries, Caltex will process crude from Saudi Arabia...