Word: leveler
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Dates: during 1930-1939
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...income of U.S. Steel Corp. look like chicken feed." He might have added that it is not much more profitable as a business. As long as three out of four eggs are a byproduct of general farming-produced with little direct cost-competition keeps prices down to a level where there is little profit in the business for most specialists...
...Making. When Joe Robinson was Majority Floor Leader of the Senate, no Democrat would have dreamed of trying to slip over an important bill when the Leader was away from his desk or preoccupied. Last week the level to which the supposedly ruling party had fallen was sensationally exposed by Leader Barkley's own colleague, ponderous Logan of Kentucky, who slipped over an act basically altering the authority of the New Deal's entire administrative structure while Leader Barkley and his whip, "Shay" Minton, were engrossed in conversation right on the floor. Not only that, but Senator Logan...
...political pressure on Great Britain. But last week in Shanghai political and economic pressure worked together for the first time. To check a flood of Japanese-sponsored Hua Hsing Bank notes known as "H. H. dollars," in Shanghai, the stabilization commission stopped supporting the dollar, let it "find a level more in keeping with its natural power of resistance." It settled to 13½?, stayed there. Then Britain began formula-writing with the Japanese at Tokyo. Down went the dollar to 7?, while Shanghai business virtually ceased, postage stamps circulated instead of small change, and Japanese exultantly declared their...
...knocked 1939's firmest prop: building's spurt to new monthly highs. The Annalist reported that building-earlier in the year up some 70% from the 1938 low (adjusted seasonally), and almost 25% from the 1937 high-had declined for the second successive month, to the lowest level since July...
...Modern Age advertised heavily, cut costs by using the Rumford Press between printings of Reader's Digest, set up elaborate distribution machinery. Its losses the first year (attributed in part to inexperience) were reported at around $500,000. Since then Modern Age prices have risen nearer the $1 level...