Word: market
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Dates: during 1930-1939
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...extending distributive justice to the underdog, boss government built its cadres of loyalists," Marx said in explanation of this American phenomenon. Its specialty has been "competitive modulation between individual clients and agencies vested with formal authority." The economic basis of Boss government has been "in the privilege market and the control of placement opportunities...
Interest on policy loans has long been a fulcrum for attacks on the investment feature of life insurance. Why, asked critics, should life insurance companies be allowed to charge 6% for lending customers' own funds back to them when open market and commercial-bank money rates range from...
...only 5%-a drop in income for which the companies can compensate in only three ways: 1) finding improved investment opportunities elsewhere; 2) raising premiums; 3) cutting dividends. All forms of investment, however, are producing a smaller return these days as a result of the cramped U. S. capital market and the New Deal's cheap-money policies. The reduction in loan rates, therefore, is only one of several factors squeezing insurance company income. Under the circumstances the companies feel they have little choice...
...older cartels. Fortnight ago the cartel permitted an increase in production from 95% to 105% of agreed tonnage. Despite this deterrent, prices continued to rise. Last week the cartel removed all restrictions on production, thus dumped a potential 30,000 tons per month more copper on the international market. This time the U. S. price pulled up short at 11.25?, the export price fell...
Fact was that Democratic strength in Pennsylvania's black precincts was not so badly jeopardized as it appeared. Publisher Vann is a smart Negro-born in the tobacco-market town of Ahoskie, N. C. in 1882, graduated by Pittsburgh University in 1906, from its law school in 1909, he grubbed at the law until he got stock in the Pittsburgh Courier for drawing its charter, later got control and built its circulation up from 50,000 to a peak of 187,000 by plugging Equal Rights, Joe Louis, Haile Selassie and Franklin Roosevelt...