Word: lowers
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Dates: during 1940-1949
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...brandy. One black and stormy night, the marine guarding the cask noted in terror that its lid was slowly rising. He hurriedly summoned the ship's surgeon, who spoke knowingly of a disengagement of air. Some of the brandy was drawn off from the cask's lower bunghole and it was refilled from the top. The legend that sailors tapped the cask and drank off the brandy is apparently apocryphal...
...Brussels last week, the man who, as much as any single individual, is responsible for this state of affairs told how it had come about. He is Paul-Henri Spaak, Premier of Belgium. With his cherubic frown, his bulging forehead, his pugnacious lower lip, he bears a startling resemblance to Winston Churchill; in the whole grey and sagging circle of European leaders, he is one of the few men with a spark of Churchillian fire. With one hand thrust truculently into his trouser pocket, he uses the other to tick off the reasons for Belgian prosperity...
...When We Have Won ..." Last week there were no signs of either. Jewish successes had consolidated the Arabs as never before. In anger and wounded pride Arabs cried out against their leaders. The prestige of Haj Amin el Husseini, ex-Mufti of Jerusalem, sagged lower & lower. The Arab League was under pressure to act quickly. Said the Cairo daily Al Balagh: "We can no longer suffer one catastrophe after another. Zionism in Palestine means that no Arabs will be left...
...Volume. The steel industry expected its earnings to be down also, because of rising material costs. Republic Steel, first of the big steel companies to report, showed a 21% drop in its net to $9 million. U.S. Steel estimated that its first-quarter profits would be "lower" also. Nevertheless, it thought it good policy to cut its prices last week (See NATIONAL AFFAIRS...
Rate Peace. CAB called a halt to the rate war between scheduled and independent air freight carriers (TIME, Oct. 6). It set a new minimum rate of 16? a ton mile for the first 1,000 miles, 13? thereafter. CAB thought that lower rates "would endanger the sound development of the air freight industry...