Word: ownership
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Dates: during 1940-1949
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...this labor-fearing world of 1891, Leo's encyclical accepted the necessity of labor unions and the occasional justification of strikes, urged decent wage standards. State regulation of industry, more equal distribution of wealth, broader ownership of property, and much else that was "radical" then. Forty years later, calling Rerum Novarum "the Magna Charta of all Catholic activity in the social sphere," Pius XI confirmed, developed and enlarged it in Quadragesimo Anno...
Defending these changes, the five ma jority members of FCC, dominated by tall, ambitious Chairman James Lawrence Fly, onetime TVA general counsel and seasoned New Dealer, talked straight antimonopoly language like that familiar around SEC, TNEC, and the Justice Department. His report rejected the alternatives of Government ownership and rigid utility-style regulation. Said the report: "Competition, given a fair test, will best protect the public interest. That is the American system." And it added: "We doubt that the networks have so little faith in the stability of their own enterprise as is suggested by their insistence that the whole...
...outlined by Chairman James Lawrence Fly, the FCC hearings will try to show the bad effect of one-sided opinion on a community where all channels of information are concentrated in one ownership...
...believers in I Am are convinced that yellow and white are good colors, while purple is a wicked one. It seems that every person has an invisible white light hanging constantly over him, which is repelled by a purple ray generated by his evil and impure thoughts. Apparently the ownership of a yellow Chrysler helps you to live cleanly...
Meanwhile some of the commons behind these booming preferreds made new lows for the year. Reason for this selectivity: in dissolution, the holding company preferreds would emerge with back dividends paid up, and with ownership of their ex-systems' operating companies' common stocks, which are worth scrambling for. But the holding company commons are too far under water to get much once they lose operating control. Wall Street thus confirmed the fact that the Holding Company Act was achieving its goal...