Word: fiscality
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Dates: during 1940-1949
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...bumper crops would not bring cheap food; the support program would keep most prices up, despite the huge surpluses. During fiscal 1949, CCC poured out $3.1 billion for loans and purchases to keep up prices on 31 commodities, just about five times the outlay in 1948. At the fiscal year's end in June, the agency had $2.3 billion tied up in loans and inventories, showing a paper loss of $356 million for the year at current market prices. Most of the support money went for only seven commodities: cotton, $822 million; corn, $470 million; wheat, $640 million; flaxseed...
...Government finished the first quarter of the new fiscal year today about $1,400,000,000 in the red--and with prospects strong for going deeper into the hole. Guesses on the budget deficit by the end of fiscal 1950 next June 30 ranged from $3,000,000,000 by an administration expert to $7,000,000,000 by Senator Harry Byrd (D.Va...
Dearer Ovaltine. The British move touched off convulsive reflex actions around the fiscal world. (To cushion the shock, British banks and exchanges were closed for one day; other countries declared similar holidays.) All the dominions devalued their currencies in proportion; Canada, a dollar country, devalued its dollar 10%. In the colonies the readjustment was automatic. Ireland, Egypt and Israel brought their pounds into parity with Britain's. Norway, Denmark, Finland, Iceland, The Netherlands and Sweden made devaluation moves...
...disputed the claim. With hymn and prayer befitting its ownership by the Methodist Church,* and with typical Texasity, the block-long, five-story Cokesbury opened a three-story addition and plugged away at surpassing its sales of $1,635,000, profits of $140,000 during its last fiscal year...
...research chief, Everett Nutter, to developing a new cloth to meet the hot competition of rayons and tropical worsteds. The shakedown in the textile industry came before Nutter's new fabric was ready. In the first three quarters of Goodall-Sanford's last fiscal year, the company's profits fell 51%; Ward quickly decided on his price-cut to clear out stocks for his new fabric...