Word: interest
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Dates: during 1930-1939
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...last year roundly berated his colleagues for shelving a peace message from the President to A. F. of L.'s 58th convention (TIME, Oct. 17). In consenting last fortnight to renew negotiations, William Green restated that A. F. of L. cannot and will not concede anything in the interest of peace. Having taken time to digest this warlike statement, Teamster Tobin announced that the pressure of his own union's business made it "absolutely and utterly impossible" for him to serve. In that way Mr. Tobin put himself in the position of a Federationist to whom Franklin Roosevelt...
...questioners Pat Harrison specified a 10% overall slash in this year's Federal expenses. Knowing well that fixed charges of some $2,300,000,000 (for debt interest, Social Security, tax refunds, revolving funds and the like) could not be touched to effect such a saving, Pat Harrison snorted: "I know that a lot of this emergency stuff could be cut to hell...
...people who interest...
...rapid succession Executive Bitner and Hearst himself junked papers in Rochester and Omaha, leased the Washington Times to Cissie Patterson (who bought both Times and Herald outright this year), sold Hearst's half-interest in the Pittsburgh Post-Gazette, combined the staffs of morning and evening papers in Milwaukee, folded Universal Service into International News, tabbed the Boston American. This plugged a drainage of nearly $5,000,000 a year. Executives White and Hearst Jr. began liquidating the Hearst art treasures. Executive Connolly got rid of seven radio stations for $1,215,000. Executive Huberth told Hearst real-estate...
...Milwaukee News-Sentinel, Atlanta Georgian (Sunday American), Chicago American (which lost $500,000 last year) and Herald & Examiner. Badgered by the Guild strike (which, however, appeared near settlement last week), the Herex has lost $500,000 in advertising since December. For years the Herex has been able to pay interest on its bonds only because it collects $750,000 a year rent from the American. But its Sunday edition sells 1,000,000 American Weeklies. Joe Connolly is working desperately to save Chicago for Hearst, and his success or failure may determine whether Hearst remains a national publisher of newspapers...