Word: ownership
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Dates: during 1940-1949
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After four days' debate on his proposals, Vishinsky asked the Westerners for their ideas. Acheson, Bevin and Schuman hammered out a proposal. Highlights: unity under the Bonn constitution, no more reparations out of current production, no Russian ownership of German industry, four-power control through a High Commission bound by majority decision "save in exceptional circumstances...
Refinancing would be a comparatively simple process; at present there is a bill before the State legislature providing for a change in the depreciation system and the recall of the Metropolitan District Obligation bond issue. The same bill would transfer the ownership of all transit structures (subways, elevated lines) from the various cities and towns to the MTA. In addition, Dever has proposed that the MTA, since it is now completely State owned, be relieved of all State taxes...
...gross profit dividends was removed from the public neck, it was done so very extravagantly. The State bought up the old El stocks at $85 per share when the market value of the stock averaged $57.50 and, in twenty years, had not exceeded $73. In reorganization, too, the public ownership clause exempted the new company from participation in the Federal Social Security Act benefits. The MTA had to set up its own pension system at an annual cost of $1,400,000. To add to the staggering totals, the outgoing El trustees voted $80,000 in lavish executive pensions...
Before adjourning, the congress called for creation of profit-sharing systems, to give the workers a greater stake in their society. It also condemned absentee ownership, which, more & more, tends to leave the running of industry to hired managers...
...Kirkpatrick are unassailable interpreters of eighteenth century music. Baroque and classical sonatas for violin and piano have become virtually their property, and their flawless technique and honesty to the medium have scared away any competition. Judging by Wednesday night's concert, there is little reason to dispute that ownership...