Word: prices
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Dates: during 1940-1949
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...street cleaners remembered that an Italian law forbids "sympathy" and political strikes. Hastily, they trumped up some "legitimate" wage demands (their present wages are equivalent or superior to those of Roman high-school teachers). Exclaimed Communist Francesco Giacinti, one of the strike leaders: "The government has raised the price of bread but not of lipstick . . . We're fighting for our daily bread...
...hoarse trying to explain the Alice-in-Wonderland economics of potatoes. It had burned potatoes, given them away for school lunches, let them rot, virtually given them away for making alcohol and flour-all at enormous cost to taxpayers and consumers. But as long as the Government supported the price of potatoes ($2.70 a hundredweight to Maine growers) farmers kept on raising more high-priced potatoes than consumers could afford...
...Christmas Eve in 1947, the U.S. Treasury gave a present to U.S. bankers: it would continue to support the price of long-term Government bonds above par by having the Federal Reserve banks buy bonds back at the "pegged" price if there were no other buyers. With this arrangement, the Government hoped to make it easier to sell "Treasuries." Furthermore, this deal would keep down interest rates, in line with its "cheap money" policy on long-term bonds, and it would stabilize the bond market. For a while the plan worked -but only for a while...
...Harvard is now worth the price of admission. And I suspect that we have another Frank Leahy arising in the land of the pork and the bean...
...recent Harvard graduates have joined the school faculty this fall. Paul E. Marsh '48 has been named to a post in the history department, while Leighton A. Price '48 will teach science...