Word: pre
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Dates: during 1950-1959
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...June the U.S. cost of living had gone up a sharp one-half of 1% (to 120.2 with 1947-49 as base of 100) to its tenth successive alltime monthly high. This took the dollar down to 95? worth of a March 1956 dollar, 50? worth of a pre-World War II dollar. Down, too, during the past 16 months were the currencies of Britain, Italy, Sweden, Belgium, Australia and Japan (about 5%), India (10%), Spain (11%), Argentina (16%), Brazil (27%) and Chile...
...Clayton Anti-Trust Act as amended in 1950 covers all asset acquisitions (it previously covered stock only), the amendments state clearly that "nothing contained in this action shall be held to affect or impair any right heretofore legally acquired." Therefore, he reasoned, a great many of pre-1950 mergers are "not subject to challenge...
...only are pre-1950 asset acquisitions immunized by law," said Bicks, "but, equally important, enforcement practicalities may move against stock or asset acquisitions consummated since then. The likelihood may well be that not too long after a merger has been consummated the assets of the merged companies may be so scrambled that effective divestiture may be unfeasible." Even if the trustbusters decide to act immediately, there are other effective blocks to quick action against a company that acquires only part of the stock of a supplier or customer. "Competitive consequences may be much more ambiguous at the time of purchase...
...became a party member in 1919. Educated at Moscow's Frunze military academy, got final professional polish in Germany under famed monocle-wearing General von Seeckt, who taught him the tactics and strategy of the "breakthrough." One of a dozen or so professionals to survive Stalin's pre-World War II army purges (in which 374 generals were killed), rose rapidly in battle command. When Stalin panicked at the German advance on Moscow in 1941, Zhukov brought in fresh Siberian troops and saved the capital. Thereafter, as a troubleshooter who ranged wherever the battle went hardest, Zhukov...
...dyes. To replace the plants and patents lost to the Allies, the companies plowed back 20% of their sales into buildings and research. B.A.S.F., for example, has applied for 3,900 new chemical patents since the war, now bases only 200 of its thousands of chemical products on pre-1945 patents...