Word: power
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Dates: during 1920-1929
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Newsprint. Some 90% of Canada's woodpulp and paper production goes to the U. S. International Paper & Power Co., a U. S. concern with holdings in the Dominion (see p. 40), has developed such a grip over the U. S. supply that last year the threat of a Canadian embargo made U. S. newspaper publishers shudder...
...anti-trust law, by the ratification in congress of the state treaties. The A. P. I., after four years' labor, had attempted to cover the U. S. oil industry with a broad agreement limiting production. Attorney General Mitchell advised Secretary Wilbur's board that it had no power to sanction such an agreement and thus immunize the industry against anti-trust prosecutions. Disgruntled, A. P. I. officers threatened to buck the anti-trust law anyway and, as President Ralph Clinton Holmes of the Texas Co. put it, "if by chance we are held to be acting in restraint...
...food for thought, he harked to the day when he put sterling back on gold. "Because of that policy," he declared, "there has been a decline of 18 points (%) in the cost of living . ... while wages are almost at the 1924 level. . . . This means an increase in the purchasing power of our wages equivalent to the remission of ?161,000,000 ($780,850,000) annually in indirect taxation." Though such a statement is all very well for electioneering purposes it completely ignores the fact that thousands of British workmen lost their jobs when British exports to the continent were curtained...
...hated Austrians are now the "champions of champions," almost the whole Italian press spent the week in working itself up to a purple pitch of fury-even demanding that Italy, as one of the seven guarantors of the first League of Nations loan to Austria, should use her veto power to prevent the Austrian government from floating another loan (TIME, April...
...experiment several methods work successfully to produce electricity other than by fuel or waterfall. Rising and falling tides contain huge power; hence a project is under way for dams and spillways where Maine and New Brunswick meet at Passamaquoddy Bay. The sun pours billions of heat units upon the earth; hence an experimental sun engine at Mount Wilson Observatory. Volcanic regions are hot just below the ground surface; hence on the west U. S. Coast and in Italy pipes are driven down, water poured into them, useful steam taken out. The surface of tropical waters is, much warmer than...