Word: ownership
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Dates: during 1940-1949
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...grandfather's clock. The businessman's defense is to make money in the sunshine, enough at least to oil his idle machinery in the dead days at the bottom of the cycle. The result is the increasing trend toward consolidation and away from the dispersion of ownership that, theoretically, should preserve the balance of power in the business community. In the same way the worker, union and non-union, lives with the fear of jobless days ahead. In his own way he attempts to accumulate enough fat to live through the days when twenty percent of those seeking jobs...
...Government planning measure- or simply a Government refusal to permit any change in the use or ownership of a given property-reduces the value of the land in question, the owner is not entitled to compensation by the Government. Any compensation he may get comes to him not as a vested right but as a favor from an indulgent government. Only if the Government takes land for planned use or compels a property owner to demolish buildings or otherwise alter the use of his property in ways which lessen its current value is compensation granted as a matter of right...
...Certain more or less influential supporters of the Government are backing the idea of Government ownership. The proposers of this delicious plan are basing their case on the poor showing of the M.C.C. team in Australia. They declare that our failure in the test matches will have grievous repercussions on our prestige throughout the world and particularly with those cricket-playing races east of Suez, which already have suspicions that the Mother Country is decadent...
...extraordinarily frank (for a diplomat) in explaining why the U.S. had a special responsibility for supporting Chinese sovereignty over Manchuria. He called attention to the new Russian position in Northeast Asia, which had been greatly strengthened by acquisition of the Kurile Islands, occupation of northern Korea and half-ownership and control of Manchuria's principal railroad. Said...
...great deal of room for improvement in [New York Central's] management." Last week Alleghany Corp. reported that it had spent some $2,500,000 to buy 162,500 shares of Central stock, thus acquiring the largest single interest (about 2.5%) in Central's widely diffused ownership...