Word: less
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Dates: during 1920-1929
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Bonds v. Stocks. Increasingly, finance committees of "big" U. S. corporations have voted to redeem bonds, issue additional common stock. One obvious and bullish reason might be to reduce annual fixed interest charges. Another reason, less obvious and less bullish, might be a desire to take precautions against hard times ahead. Should the U. S. find itself, in 1935 or 1940, in a general business depression, corporations would be glad of flexible capital structures. No such bearish suggestions, however, accompanied these developments...
...cult of calligraphy amounting almost to a religion at court. Love affairs often began by some chance view of a lady's writing. On scented rice-paper Shonagon traced her delicate characters, decorating her "poems" with puns and symbols, word play and subtle metaphors. Her diary is less fancy and more amusing than her verse. She divided experience into "Disagreeable Things," "Very Tiresome Things," "Deceptive Things." Under "Annoying Things" she lists: "When one sends a poem or a kayeshi [return poem] to someone, and after it has gone, thinks of some small alteration -perhaps only a couple of letters...
...close of its first session the 69th Congress passed a bill conferring upon the Court of Claims jurisdiction to hear the suit of the Okanogan Indians. On July 3, 1926--less than ten days thereafter--the first session adjourned sine die. The President did not sign the bill, nor did he return it to Congress with his objections. Did the bill become a law? No, held the Court of Claims. Yes, contended counsel for the Indians, who appeal to the Supreme Court...
...provision of the Constitution is to be reconciled with the instrument as a whole. The word "adjourn" appears several times in the text. Less than a quorum "may adjourn from day to day." Neither House shall without the consent of the other "adjourn for more than three days." "Every Order, Resolution, or Vote to which the concurrence of the Senate and House of Representatives may be necessary (except on a question of Adjournment) shall be presented to the President....." In case the Houses disagree "with Respect to the Time of Adjournment" the President "may adjourn them to such Time...
...think I would like insurance; it's mostly all selling, isn't it?" This was the comment of one senior recently when I suggested the Insurance business as a field which offers opportunities. This is one of the illusions which is more or less prevalent and which is based on lack of acquaintance with modern business...