Word: protectionâ
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...Nixon down to the head of the smallest local mosquito-abatement district. By most measures of private wealth, the U.S. is the world's richest country. But in terms of its ability to pay for the public services?health care, education, welfare, garbage pickup, pollution control, police and fire protection???that make the life of its citizens pleasant, or at least tolerable, or in some cases even possible, the country seems almost to be going broke...
...obtaining the cooperation of the policeman and the politicians. East of the Mississippi, particularly, it is the rare big-city government that is completely free of the fix. In Newark, corruption is rampant. One ganster recently confided to another that $12,000 a month flows to police superiors for protection??? which sometimes goes beyond a shield for illicit activities. When he vacationed on the West Coast last Spring, for example, Thomas Pecora, a boss of Teamsters Local 97 as well as a Mafia man, took along a Newark city detective as a bodyguard...
...Gloomed over a warning to the House by President Walter Runciman of the Board of Trade that Britons may now expect some deflation of the boom which started when the Government switched from free trade to protection???a switch which enabled British manufacturers to recover much business in the home market which they had lost to cut-rate foreign competitors. All last week Britain's professionally pessimistic press economists drew dire conclusions from President Runciman's mild assertion: "There are signs that the home market has reached the saturation point...
...textile industries received added protection???approximately a 10% increase over present rates. In New England, gratification at this benefit was tempered by disappointment at the bill's failure to shift leather shoes from the free to the dutiable list. The House committee was pressed by the farmers for a duty on hides, which was rejected and with it New England's plea for a shoe duty. Committeemen felt they could not "defend" such an increase on the House floor...
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