Word: parallelism
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Last September the thirsty, aggressive Israelis struck out for water. They moved bulldozers north to the upper Jordan at Lake Hula, bordering Syria, and began constructing a nine-mile-long, parallel canal to divert part of Jordan's waters into a hydroelectric station, from there to be spilled back into the Jordan...
Surveying the domestic scene, Joseph Laniel pointed out proudly that the treasury was in much better shape than he found it last summer. For six months there had been no inflationary movement; the "parallel" (black-market) rate for the dollar had fallen 30 points. Foreign sales in November were the highest in 29 months. In July there was only $13 million "in the till": now there is $457 million, with another $71 million soon to be added...
...feather flock together, does a conspiracy automatically exist? In the recent past, the answer of the U.S. Supreme Court has seemed to be yes. In the cement industry's basing-point price case five years ago. the Federal Trade Commission ruled-and the Supreme Court agreed-that the "parallel business behavior" of the cement companies in issuing identical price lists for their products was ample evidence of illegal conspiracy to restrain trade. But last week, in a decision that might set a far-reaching precedent, the Supreme Court had a change of heart...
...Park neighborhood theater when it sued in a somewhat similar case involving first-run movies (TIME, March u, 1946). But last week, speaking for the majority, Justice Tom Clark dealt the final blow to the Crest's case. Said he: "This court has never held that proof of parallel-business behavior conclusively establishes agreement, or ... that such behavior itself constitutes a Sherman Act offense." In short, actual agreement to conspire must be shown in addition to parallel behavior...
...parallel for his gloomy outlook, Clark goes back to 1929. The Great Depression, he writes, was caused by "trivialities." His "complete list" of the 1929 factors: 1) though construction and the production of durable goods were high, construction costs were rising; 2) inventories were high but not abnormal; 3) money was abundant, but there was a slight financial squeeze early in the year, plus a slight decline in Government spending. Substantially the same factors are at work now, says Clark. Ergo, the same consequences threaten...