Word: protectiveness
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Dates: during 1940-1949
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...quickest killing was made by those who had sold the pound short-speculators and merchants who have been buying in Britain. The merchants had done this to protect themselves, in case of devaluation, from losses on goods ordered at the old rate of $4.03. The speculators had simply gambled on a fast profit. They made it. They had been able to sell short by putting up margins of as little as 25%, thus doubling their money. No one knew how big the short position in pounds had been. (One Briton gave the ridiculous estimate of ?2 billion...
Philadelphia's bald, moonfaced Albert M. Greenfield, a real-estate man who became a banker, slid into the department-store business in the depression '30s. With the once prosperous City Stores Co. verging on bankruptcy, Banker Greenfield moved in to protect an $8 million loan, reorganized the company with himself as boss. Under him, City Stores mushroomed from five stores to 22, its gross from $33 million to last year's record $168 million. Profits also hit a record...
...Army last year except for occasional visits to the liquor store. In Hamilton, Mont., dismissing the divorce suit of Alva Palin, who had charged his wife with beating him up, District Judge C. E. Comer declared: "Slight acts of violence by the wife from which the husband can easily protect himself do not constitute cruelty...
Besides stock brokerage accounts, Merrill Lynch hoped to interest prospective traders in the commodity futures market, showing farmers that they could use it to protect them against unexpected price breaks and get better prices for their crops. One farmer who listened to an explanation of how General Mills buys & sells futures, not to speculate but to hedge itself against inventory losses, commented: "And here I thought all the time that they were just playing craps with my corn...
...built the first basilica over St. Peter's tomb (begun 323 A.D.), had Peter's remains embedded in 40 tons of molten bronze overlaid with 30 pounds of pure gold in the shape of a cross. But the tomb of St. Peter, presumably filled with earth to protect it from invading barbarians, has never been found. Some Protestant scholars have argued that Peter was never in Rome at all. In 1937, when he was Papal Secretary of State, Pius XII became interested in the ancient tombs uncovered by Vatican workers burrowing below ground to check on the foundations...