Word: ownership
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Dates: during 1940-1949
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...jerky year for business. Despite the lack of new irons, toasters, and washing machines, household use of electricity went up 9%. Life insurance ownership ran to an all-time high of $154,600,000,000. Chicago's cattle supply was bigger than it had been since 1929, but hog deliveries were the lowest since 1872. Sale of snuff rose to a record 44,000,000 Ibs. At year's end 175,000 striking General Motors production workers had suffered an estimated wage loss...
Ever since Nebraska Power Co., the state's last private utility, went under public ownership just a year ago, utility investors have wondered how it would fare. Last week, tall, balding T. H. Maenner, head of the Omaha Electric Committee, the group of Omaha citizens which runs it, proudly told them. After a year's operation, the utility has a net earned surplus of $661,000, 4½% of the $14,467,012 purchase price. It has also given all but administrative employes a flat $20-a-month raise, amounting to 12½% of the payroll...
Before long, the committee hopes to transfer the power company to the Omaha Public Power District, thus completing the deal for public ownership. Said Maenner: because his group bought the property a year ago, the public will pay $2,158,000 less...
...narrow escape in the press-law controversy. Though the new bill was only mildly restrictive (nothing like the law it replaced), reactionary papers like El Comercio and La Prensa and the pipsqueak smear-sheets that Latins call pasquines rebelled most at the requirement that they publish a statement of ownership, stirred up the fuss that ended in the Plaza scuffle...
...Balance? Congress was not thereby converted to socialism. Its view was somewhat like that of London's cartoonist David Low, who sardonically depicted Attlee and two of his adjutants calling the tune for Public Ownership's dance with Private Enterprise (see cut). But Congress recognized Attlee's good will, applauded him generously. A truer test would come when Congress voted on the projected U.S. loan to Britain...