Word: nets
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Dates: during 1930-1939
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...citizen's income of today-is not sufficient to drive the economic system at higher speed." Thus the program itself was founded on the old pump-priming theory with five billions in cash and credit to do the trick. By various bits of legal and financial legerdemain the net cost to the taxpayer was described hopefully as a mere billion and a half. According to the President this would provide him with the "three rounds" of ammunition needed to down Depression...
...Board boosted bank reserve requirements. This cut down the total of potential credit in the form of excess bank reserves and made money a little more expensive to borrow. Last week the President told Congress it was now time to lower reserve requirements-which the Reserve Board did forthwith. Net effect of lowering reserve requirements was to increase excess reserves from $1,700,000,000 to $2,400,000,000. That is enough to support a credit expansion of perhaps $15,000,000,000-if businessmen would borrow...
...year and a half. One new wrinkle in this works program was the suggestion that instead of the old loan-grant system by which 45% of the money was a Federal gift and the rest a loan, the total would be a loan but non-interest bearing. The net cost to the Federal Government, the President said, would be about the same...
...Sarnoff's figures also comforted stockholders. On a total gross of $112,639,000, RCA's net last year was $9,024,000. For the first time Mr. Sarnoff told how much of that was made by NBC: $3,700,000 on a gross of $41,000,000. (CBS profits last year...
Although Chicago has 100,000 fewer Negroes than New York, it is the centre of U. S. Negro business; last census figures showed Chicago's Negro establishments had annual net sales of $4,826,897, New York's were only $3,322,274. Chicago's Negroes all hail from the South, work generally as laborers in packing plants and steel mills, have a community feeling; New York's are less homogenous, work mostly in hotels and apartments. Great majority of Chicago's Negroes live in a south side section known as Bronzeville. Here the principal...