Word: price
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Dates: during 1940-1949
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What was needed now, the President said, was to pump new life into the sagging economy with a series of Fair Deal measures to increase minimum wages, broaden social security, raise farm price supports through the Brannan plan. In essence, his program was a moderate dose of the old New Deal mixture: deficit financing, some brave whistling, some Government pump-priming...
...other depression and saw what happened.' Mrs. Howe said she would like to have an automatic toaster. 'They cost about $22, I guess,' she said. Her husband added: 'I could buy the damn thing tonight but I'm going to wait until the price goes down...
Like a nation preparing for war, the mighty Du Pont empire had been carefully preparing its defenses and enlisting allies for a momentous struggle to keep its empire intact. Only two weeks ago, it split its high-priced stock ($179), thus bringing its price down to $45 so that smaller investors could buy it, and, in effect, become Du Pont's allies. Last week, the expected assault began. Attorney General Tom Clark filed an antitrust suit in Chicago's Federal Court to break the $1,585,000,000 Du Pont holdings into at least four pieces...
Despite its size, the Du Pont chain of command which Tom Clark wanted to dismember was simple. The Du Pont family controls the Christiana Securities Co. (TIME, Feb. 21), a holding company in which anyone can buy stock (current bid price: $3,050 a share). Christiana Securities Co., plus other holdings of the Du Pont family, control E.I. du Pont de Nemours & Co. In turn, Du Pont controls General Motors Corp. through its 10 million shares of G.M. stock. Du Pont and G.M. together own Kinetic Chemicals, Inc., a maker of refrigerants; G.M. and Standard Oil Co. (N.J.) own Ethyl...
Instead of having a fixed number of shares, M.I.T. issued new shares whenever anyone wanted to buy-and thus kept increasing its investment capital. It computes the share price each day at the actual market value of the stocks then owned by the company (plus a salesman's commission, or "load," of 7½%). Whenever anyone wants to sell his shares, M.I.T. buys them back at a price calculated in the same manner, without commission...